Complete the analytical procedures

Complete the 2-400 - Review Overall Analysis document to form predictions of recorded amounts or ratios developed from recorded amounts - a process known as forming expectations.

The document also contains an Analysis tab with graphs and tables, so you can look for trends, compare and calculate ratios, investigate discrepancies and confirm expectations.

In the 2-400 - Review Overall Analysis document, you can:

  • Hide or display specific charts by selecting the toggles () at the top of the page.

  • Use the drop-downs at the top to switch the display between Adjusted balances and Unadjusted balances.

  • Enter comments or notes in the designated section in each chart or table.

  • Hover a graph or table to view a tooltip that shows what data the hovered row, bar or line represents.

Review overall analysis.

If you hover the data labels in the graph table, a tooltip displays showing the definition of each label and the formula used to calculate it.

Review overall analysis.

In graphs, you can remove one or more data set from the figure and compare results. Select Edit (), then select Delete () to remove one or more data set. You can revert to the original chart by selecting the Edit () then Revert ().

Profitability ratios.

Complete 2-450 Trial balance analysis.

Use this document to:

  • Document any fluctuations or relationships that are inconsistent with other relevant information.
  • Document any fluctuations that differ from expected values by significant amounts.

Note: The current year balances in the 2-450 Trial balance analysis document will change with your adjustments. For best practice, print a PDF copy of the analysis of unadjusted amounts before recording any adjustments, then save in the engagement file.Trial balance analysis.