Question 1

Data warehouses that focus on facilitating managerial accounting needs and/or management by exception,can be called:

Accepted Answer

A) Financial Reporting Systems. 
B) Data Mining. 
C) Customer Relationship Management Systems. 
D) Decision Support Systems. 
A) Financial Reporting Systems. 
B) Data Mining. 
C) Customer Relationship Management Systems. 
D) Decision Support Systems. D

Question 2

Data mining is considered a technique of:

Accepted Answer

A) Data Warehousing 
B) Project Management 
C) Data Martian 
D) Business Intelligence 
A) Data Warehousing 
B) Project Management 
C) Data Martian 
D) Business Intelligence D

Question 3

If data mining finds a statistical correlation or relationship between two data items,then there exists a plausible relationship between those two data items in the real world.

Accepted Answer

A) True 
 B)False  False

Question 4

XBRL assurance is generally expected to include all of the following except:

Accepted Answer

A) Assurance that the most current,standardized XBRL taxonomy is used. 
B) Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable. 
C) Assurance that the XBRL tagging is accurate and complete. 
D) Assurance that reports include all relevant financial and nonfinancial information. 
A) Assurance that the most current,standardized XBRL taxonomy is used. 
B) Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable. 
C) Assurance that the XBRL tagging is accurate and complete. 
D) Assurance that reports include all relevant financial and nonfinancial information.

Question 5

Which of the following is often used as the main repository of a company's historical data (i.e. ,its corporate memory)?

Accepted Answer

A) The UML Class Diagram. 
B) The data warehouse. 
C) The XBRL instance document. 
D) Its digital dashboard. 
A) The UML Class Diagram. 
B) The data warehouse. 
C) The XBRL instance document. 
D) Its digital dashboard.

Question 6

Which of the following roles is least likely to use data in XBRL format:

Accepted Answer

A) Financial analysts. 
B) Loan officers. 
C) Marketing officers. 
D) Regulatory bodies. 
A) Financial analysts. 
B) Loan officers. 
C) Marketing officers. 
D) Regulatory bodies.

Question 7

XBRL stands for

Accepted Answer

A) eXtensible Business Reporting Language 
B) eXtensible Behavioral Reporting Language 
C) eXtensible Book Reporting Language 
D) eXtensible Basic Reporting Language 
A) eXtensible Business Reporting Language 
B) eXtensible Behavioral Reporting Language 
C) eXtensible Book Reporting Language 
D) eXtensible Basic Reporting Language

Question 8

Which of the following metrics would be most likely to show up on a Digital Dashboard for a retail organization?

Accepted Answer

A) Abandoned Shopping Carts for retailer's website. 
B) Weather forecast. 
C) Account Reconciliations. 
D) Work in process. 
A) Abandoned Shopping Carts for retailer's website. 
B) Weather forecast. 
C) Account Reconciliations. 
D) Work in process.

Question 9

Data warehouses gather information from external databases,but not from internal databases.

Accepted Answer

A) True 
 B)False

Question 10

Data mining is often used to find patterns in stock prices to assist technical financial stock market analysts,or in commodities or currency trading.What are the benefits and concerns with using data mining to find patterns in stock prices? What would you need to feel comfortable enough to trade on these patterns?

Accepted Answer

Answers will vary! A potential answer mi

Question 11

Before data from multiple sources can be loaded into the data warehouse,which of the following activities must be performed?

Accepted Answer

A) The company must obtain explicit permission from all public and private data sources before their data can be used in the data warehouse. 
B) Operational system reports must be run,as the extraction process that loads the data warehouse usually deletes the data from the operational system. 
C) Data inconsistencies must be removed so that the warehouse has homogeneous data for analysis and reporting purposes. 
D) The operational system must create and file the appropriate XBRL instance document with the SEC. 
A) The company must obtain explicit permission from all public and private data sources before their data can be used in the data warehouse. 
B) Operational system reports must be run,as the extraction process that loads the data warehouse usually deletes the data from the operational system. 
C) Data inconsistencies must be removed so that the warehouse has homogeneous data for analysis and reporting purposes. 
D) The operational system must create and file the appropriate XBRL instance document with the SEC.

Question 12

XBRL GL (also known as XBRL Global Ledger Taxonomy)serves as a means to facilitate efficient communication within a firm.

Accepted Answer

A) True 
 B)False

Question 13

Name three internal and three external databases that you think should be included in a data warehouse for Apple or Google.Support your answer.

Accepted Answer

Answers will vary depending on the stude

Question 14

Data warehouses often serve as the main repository of the firm's historical data,or in other words,its corporate memory,and will often serve as an archive of past firm performance.Besides past financial performance,what historical data would a firm like McDonald's be interested in archiving in its data warehouse?

Accepted Answer

Answers will vary! A potential answer mi

Question 15

Which of the following metrics would be least likely to show up on a Digital Dashboard?

Accepted Answer

A) Accumulated depreciation for the previous year. 
B) Month-to-date sales. 
C) Budget variances. 
D) Number of accident-free days. 
A) Accumulated depreciation for the previous year. 
B) Month-to-date sales. 
C) Budget variances. 
D) Number of accident-free days.

Question 16

Name five items that you think would be included in a digital dashboard for EBay.Why are these critical business processes for them?

Accepted Answer

Answers will vary! EBay might want to kn

Question 17

Which of the following is not an example of how a company may use business intelligence?

Accepted Answer

A) XBRL data. 
B) Customer demographic information. 
C) Product quality issues. 
D) Customer credit history. 
A) XBRL data. 
B) Customer demographic information. 
C) Product quality issues. 
D) Customer credit history.

Question 18

Which of the following is least likely to appear in a Digital Dashboard:

Accepted Answer

A) Website clicks 
B) Current month sales 
C) Expected Fed Fund rate changes 
D) Store openings 
A) Website clicks 
B) Current month sales 
C) Expected Fed Fund rate changes 
D) Store openings

Question 19

Business Intelligence is a technique that frequently makes use of all of the following except:

Accepted Answer

A) Spear Phishing. 
B) Databases. 
C) Web crawlers. 
D) Data warehouses. 
A) Spear Phishing. 
B) Databases. 
C) Web crawlers. 
D) Data warehouses.

Question 20

Data Mining uses which of the following approaches to analyze data and find new patterns and trends?

Accepted Answer

A) Data normalization. 
B) Data scrubbing. 
C) Decision Support Systems. 
D) Sophisticated statistical techniques. 
A) Data normalization. 
B) Data scrubbing. 
C) Decision Support Systems. 
D) Sophisticated statistical techniques.

Data warehouses that focus on facilitating managerial accounting needs and/or management by exception,can be called:

Data mining is considered a technique of:

If data mining finds a statistical correlation or relationship between two data items,then there exists a plausible relationship between those two data items in the real world.

XBRL assurance is generally expected to include all of the following except:

Which of the following is often used as the main repository of a company's historical data (i.e. ,its corporate memory)?

Which of the following roles is least likely to use data in XBRL format:

XBRL stands for

Which of the following metrics would be most likely to show up on a Digital Dashboard for a retail organization?

Data warehouses gather information from external databases,but not from internal databases.

Before data from multiple sources can be loaded into the data warehouse,which of the following activities must be performed?

XBRL GL (also known as XBRL Global Ledger Taxonomy)serves as a means to facilitate efficient communication within a firm.

Name three internal and three external databases that you think should be included in a data warehouse for Apple or Google.Support your answer.

Which of the following metrics would be least likely to show up on a Digital Dashboard?

Name five items that you think would be included in a digital dashboard for EBay.Why are these critical business processes for them?

Which of the following is not an example of how a company may use business intelligence?

Which of the following is least likely to appear in a Digital Dashboard:

Business Intelligence is a technique that frequently makes use of all of the following except:

Data Mining uses which of the following approaches to analyze data and find new patterns and trends?

Accounting Information Systems and Firm Value

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Data Analytics in Accounting: Concepts and the Amps Model

Data Analytics in Accounting: Tools and Practice

Emerging Technologies: Blockchain and Ai Automation

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing Ais

The Balanced Scorecard, Business Model Canvas, and Business Value of Information Technology

Evaluating Ais Investments

Filters

Exam 9: Reporting Processes and Extensible Business Reporting Language Xbrl

Data warehouses that focus on facilitating managerial accounting needs and/or management by exception,can be called:

Data mining is considered a technique of:

If data mining finds a statistical correlation or relationship between two data items,then there exists a plausible relationship between those two data items in the real world.

XBRL assurance is generally expected to include all of the following except:

Which of the following is often used as the main repository of a company's historical data (i.e. ,its corporate memory)?

Which of the following roles is least likely to use data in XBRL format:

XBRL stands for

Which of the following metrics would be most likely to show up on a Digital Dashboard for a retail organization?

Data warehouses gather information from external databases,but not from internal databases.

Before data from multiple sources can be loaded into the data warehouse,which of the following activities must be performed?

XBRL GL (also known as XBRL Global Ledger Taxonomy)serves as a means to facilitate efficient communication within a firm.

Name three internal and three external databases that you think should be included in a data warehouse for Apple or Google.Support your answer.

Which of the following metrics would be least likely to show up on a Digital Dashboard?

Name five items that you think would be included in a digital dashboard for EBay.Why are these critical business processes for them?

Which of the following is not an example of how a company may use business intelligence?

Which of the following is least likely to appear in a Digital Dashboard:

Business Intelligence is a technique that frequently makes use of all of the following except:

Data Mining uses which of the following approaches to analyze data and find new patterns and trends?

Accounting Information Systems and Firm Value

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Data Analytics in Accounting: Concepts and the Amps Model

Data Analytics in Accounting: Tools and Practice

Emerging Technologies: Blockchain and Ai Automation

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing Ais

The Balanced Scorecard, Business Model Canvas, and Business Value of Information Technology

Evaluating Ais Investments

Filters