data analysis is defined as a process of cleaning, trnasforming, and modeling data to discover useful information for

1 busienss decession making.

2 ETL Stands for Extract, Transform and Load
3 ETL allows business to gather data from multiple sources and consolidate it into a single centralized location.
4 text analysis is known as text mining
5 Big data is a term that describes the large volume of data i.e both structured and un-structured data
6 excel is the worlds most generally utilized spreadsheet programming and part of the microsoft Suite
7 excel file extension is .xlsx
8 excel macro enalbed workbook extension is .xlsm
9 excel binay workbook extension is .xlsb
10 excel consists of 1048576 rows and 16384 (XFD) Columns
11 title bar displays the current file name and at the top of the window
12 Name Box that displays the current cell address
13 In MS excel the columns letters are from A to XFD
14 VBA Stands for Visual Basic for Application
15 the active cell is also called as current cell
16 from the spread sheet current cell is the cell with the dark border
17 QAT stands for Quick Access Tool Bar that consists of regularly used icons
18 QAT is availble at the left side of a title bar
19 In excel each cell allows upto 15 digits number. it cannot handle numbers larger than that
20 the default allignement for text in ms excel is left allignment
21 the default allignement for number is right allignement
22 data and time are also stored as number type in excel
23 january 1,1900 is considered by excel to be 1
24 excel that doesnot recognize the dates before 01/01/1900
25 the two new data types in ms excel is Stocks and Geography
26 paste special can be used to paste only values, formula,formatting,column width
27 you can change the columns into rows in excel using paste Transpose option
28 ctrl+page down can be used to move to the next worksheet
29 ctrl+page up can be used to move to the previous worksheet
30 To hide a work sheet , right click the worksheet tab, and choose Hide
31 excel name manager option can be used to define a name to the particular range/table
32 Name Manager option is available under the Formulas Tab
33 Name Manager short cut is ctrl+f3
34 ctrl+t is the short cut key to create a table in excel
35 Slicers are new feature in ms excel can be used to filter the table data
36 Slicer option is availble under the Design tab
37 Data Validation rule that controls the kind of data into a certain cell
38 Data validation option is avaialbe under the Data tab in the Data Tools Groups
39 home-> editing -> find and select ----> data validation path can be used to find the cells that have data validation
40 to remove the data validation use clear all option
41 excel allows us to sort the various criteria data i.e text, numbers,dates and times, custom list, cell color,font color
42 Filtering is the way that you can use excel to qucikly extract the data from your spread sheet
43 variuos types of filters are text,date,number,font color,cell fill color etc
44 Use Advance Filter option to filter the data of more than one column
45 Sub Total option can be used to draw specific information rom one or more sub sections of a data base or list
46 Sub total option is avaible under the Data menu----> Outline sub option
47 after applying the filters the row numbers turn into Blue color
48 Cell references are three types i.e Relative reference , Absolute cell reference, Mixed Cell Reference
49 relative cell address means a2,b2,c3 etc
50 Absolute cell reference means $A$2
51 Mixed Cell Reference means column A
52 left() can be used to extract the given number of charecters from the left side of the selected text String
53 right() can be used to extract the given number of charecters from the right side of the selected text String
54 MID() function is also a text category function
55 len() returns the number of charecters in a text String
56 __E-Filing_ is the process of filing tax returns for TDS, TCS,GST etc
57 TDS Stands for Tax Deducted at Source
58 substitute() replaces existing text with new text in a text String
 59 replace() replaces part of a text String with a different text String
60 trim() can be used to remove all spaces from a text String except for single space between words
61 Flash Fill is only avaiblabe in excel 2013 and later . It is a part of Autofill Feature
62 round() function it rounds the number to a specified digit
63 roundup() function it rounds the number up away from zero
64 rounddown() function it rounds the number down from zero
65 edate() returns next EMI Date
66 eomonth() returns the month end date
67 datedif() can be used to calculate the difference between the twodates i.e days, months, years
68 text() can be used to converts a value to text in a specific number format
69 vlookup() function looks for a value in the left most column of a table
70 Vlookup() function v stands for Vertical
71 Hlookup() function h stands for Horizontal
72 match() function returns the relative position (row/column) of a value
73 index() function returns the intersection value of row and column
74 =abc+100 displays what type of error #NAME?
75 #DIV/0! Error Appears when a mathematical operation attempts to divide by zero or an empty cell
76 #REF! Error appears when a cell reference deleted or moved
77 #NULL! Error is returned when excel can't figure out the range specified in a cell
78 #N/A error is returned when a function like match() or vlookup() cannot find the value
79 ##### error is returned when a the column is not wide enough space to display all the charecters in a cell
80 Trace Precendents that affects the active cell value
81 Trace Dependents that affected by the active cell
82 Trace Precedents, Trace Depends options are available under the Formulas Tab----> formula Auditing
83 Conditional Formatting option is available under home menu---> Styles
84 Conditional Formatting can be used to High light cell ,top or bottom values, data bars,color scales,Icon Sets
85 How to delete Conditional Formatting Rule=====> Conditional Formatting---> clear Rules
86 Excel Pivot Table can be used to Summarize, analyze, explore the data
87 Pivot table cannot be changed automatically. We need to refresh it
88 Piovt table is available under the Insert menu
89 CAAT Stands for Computer Assisted Audit Technique
90 IDEA Stands for Interactive Data Extraction and Analysis
91 IDEA Software is an example of a CAAT Tool
92 importing the data in IDEA path is Home Tab-> Import-> Desktop
93 In IDEA Equation Editor can be used to type the Expressions
94 Summarization option is available under the Analysis Tab-> categorize-> summarization
95 Stratification option is available under the Analysis Tab-> categorize-> Stratification
96 Pivot table option is available under the Analysis Tab-> categorize-> Piovt table
97 there are 5 different types of joins in IDEA
98 Sampling in IDEA is broadly statistical abd Probability Based
99 Systematic Sampling option is available under the Analysis tab-> Sample-> other->Systematic
100 all IDEA Files extension is .imd
101 in IDEA Software Duplicate key option is available under the Analysis tab-> Explore->Duplicate Key
102 In IDEA Software Sorting option is available under the Data Menu
103
104 Forensic Accounting and Fraud Detection
Forensic Accounting is a particular of Accounting that explores fraud and examines historical data which can be used in
105 legal proceedings.

106 Forensic Accounting is a sensible blend of Accounting,Auditing, and investigative abilities to conduct financial inquiries
107 Forensic Accounting us useful for court action and analytical accounting

108 what are the two major Forensic Accounting Practices ( Litigation support Services,Investigative/Fact Finding Services)
109 the Forensic Accountants are also known as Certified Forensic Accounting Professionals
110 SIFO Stands for Serious Fraud Investigation Office
111 the establishment of SIFO in india has become the turning point for forensic accountants in the country
112 Fraud is a type of criminal activity, defined as abuse of position or false representation
113 TGTBT Stands for Too Good to Be True
114 the fraud triangle is used to explain the reason behind a fraud
115
116
117 Simple interest is quick method of calculating the interest charged. It is fixed throughtout the period
118 Compound interest is the interest on interest

119 how to activate interest calculation gateway of tally-> f11->Accounting features-> Active interest calcualtion as "YES"
120 What is the path To record the Purchase Transaction? Gateway of tally-> accoutning vouchers-> f9
121 What is the path To record the Sales Transaction? Gateway of tally-> accoutning vouchers-> f8
122 f2 can be used to change the Date
123 alt+f2 can be used to change the date Period
124 ctrl+A to accept all in tally
how to create a voucher class for simple interest/compound interest? From gateway of tally page-> Accounts info->
125 Vocuher Types-> Alter-> Credit/Debit Note
126 Interest Paid ledger comes under Indirect Expenses
127 Interest Received ledger comes under Indirect Incomes

128 how to check ledger outstanding Report ? Gateway of Tally-> Display-> Statements of Accounts-> Outstanding-> ledger
How to check the Interest Calculation Report? Gateway of Tally-> Display-> Statements of Accounts-> Interest
129 Calculation
130 Multi Currency Feature Allows to record transactions with different currencies
131 How to enable Multi Currency? Gateway of Tally-> f11-> Accoutning Features-> Enable Multi Currency as YES
132 How to create Foreign Currency? Gateway of Tally -> Accounts Info-> Currencies-> create
133 BOM Represents Bill of Materials
134 Inventory is typically Broken down into Three Stages i.e Raw Materials, Work in Process, Finished Goods
135 Manufacturing Processes is the process of conversion of raw materials/Components into finished Goods

136 How To Activate BOM? Gateway of Tally-> f12-> Acc/ Inventroy Info-> enable Component list Details (BOM) as YES
137 To Create Manufacturing Journal , Use as Manufacturing Journal as YES
138 Stock Journal Voucher can be used to Transfer the goods from one location to another location
139 Manufacturing Journal can be used to Convert raw materials into finished goods
Stock Transfers/Stock Journal Register displays the list of all the Stock Journal Vouchers used in Tally to make stock
140 adjustments
How to view Stock Transfer analysis: Gateway of tally-> Display-> Inventory Books-> Movement Analysis-> Transfer
141 Analysis
142 Cost estimation is a statement that gives the value of the cost incurred in the manufacturing of finished goods
How to view Cost Estimation? Gateway of Tally-> Display-> Statements of Inventory-> Cost Estimation-> select Finished
143 Goods
144 How to enalbe Job Order Processing: Gateway of Tally-> f11-> Inventory-> Enable job order processing as "YES"
145 Price List are maintained in various structures for different types of buyers, wholesellers,Dealers, Reatilers etc
How to activate the Multiple Price Levels? Gateway of tally-> f11-> inventory Features-> use Mutltiple price levels as
146 "YES"
147 How to Create Price List? Gateway of tally-> inventory info-> Price List
How to Display Discount column in invoice Vocuher? Gateway of Tally-> F11-> Inventory-> use separate discount
148 column in invoices as "YES"
149 Customer Name Ledger Comes under Sundry Debtors
150 supplier Name ledger Comes under Sundry Creditors
How to Enable Tally Audit Feature? Gateway of Tally -> alt+f3-> comp Info-> Alter-> Use Security Control as "YES"
151 -> Use Tally Audit Feature as "YES"
152 How to Create User Level Security ? Gateway of Tally -> alt+f3-> Security Control-> types of Security
153 How to create separate Users ad Passwords? Gateway of Tally -> alt+f3-> Security Control-> Users and Passwords
154 How to Logout the company from different User levels? Gateway of Tally-> Alt+f3-> Shut Company
How to View Tally Audit Satistics? Gateway of tally-> Display-> Statemens of Accounts-> Tally Audit-> select voucher
155 type-> to get the audit Statistical details
156 TSS Stands for Tally Software Services
157 How to Activate TDS Feature ? From Gateway of tally-> f11> Statutory and taxation -> set the option TDS As "YES"
158 TDS on repairs ledger comes under Duties and Taxes
159 ctrl+N is the short cut key for calculator in Tally
How to check TDS Balance Payable Amount ? Gateway of tally-> Display-> Statutory Reports-> TDS Reports-> FORM
160 26Q
161 TCS Stands for Tax Collected at Source
162 How to Activate TCS Feature ? From Gateway of tally-> f11> Statutory and taxation -> set the option TCS As "YES"
163 TCS on Timber ledger Comes under Duties and Taxes
164 How to check TCS Reports? From Gateway of tallt-> Display-> Statutory Reports-> TCS Reports
165 How to enable Payroll? From gateway of tally-> f11-> accounting features-> Maintan Payroll As "YES"
166 EDLI Stands for Employee Depoist Linked Insurance
167 the pay heads salary Payable, PF Payable,ESI Payable comes under the Current Liablities
168 Attendance Voucher allows you to enter attendance,overtime,leave or production details
169 ESI Stands For Employe State Insurance
170 How to Generate PF Challan? From Gateway of tally page-> Display-> Day Book-> open PF payment Voucher-> alt+p

171 How to Generate ESI Challan? From Gateway of tally page-> Display-> Day Book-> open ESI payment Voucher-> alt+p

172 How to Generate TDS Challan? From Gateway of tally page-> Display-> Day Book-> openTDS payment Voucher-> alt+p

173 How to Generate TCS Challan? From Gateway of tally page-> Display-> Day Book-> openTCS payment Voucher-> alt+p
How to Generate Single Pay Slip? From Gateway of Tally page-> Display-> Payroll Reports-> Statements of Payroll-> Pay
174 Slip-> Single Pay Slip

175 To Bring the interest receivable amount in the Books of accounts which of the following entry is recorded? Debit note
176 Adjustment of Forex Gain/Loss is recommended to be done using with Vocuher class in Journal
177 In Tally we can check the details of Home Currency and Foreign currecty from the Balance Sheet Report (YES/NO)
178 Godowns & materials in/Out Options get activated automatically after enabling Job Order Processing in Tally.
179
180
181 a sub report is a report that is inserted in another report. Here the another report is called as a main report
182 how to display the students whose name is starts with letter a? like “A*
183 A main report which consists of so many number of sub reports
184 A sub report is in two hierarchy level only
185 while designing a form each tab is known as a Page
186 Calendar control option is available under the design -> control--> active X Controls
187 a form that consists of 3 sections. ( form header, details, form footer)
a report that consists of mainly 5 sections (Report header, Page Header, Details, Page Footer,Report
188 Footer)
in ms access Dateadd() function can be used to nubmer of days/months/year based on a given
189 date
190 all ms access files extension is .accdb or .mdb
like”[abc]*”
191 how to display the students whose name is starts with letter a/b/c?
192 like “b??k” returns a) book b)Bank c)Bulk d) All
193 Is Null Operator can be used to return the NULL Records
194 Is Not Null Operator can be used to return the Non-NULL Records