Question 1

Which of the following is the least likely example of how a specialized digital dashboard might be used?

Accepted Answer

A) To track construction projects. 
B) To track network security. 
C) To track manufacturing operations. 
D) To track fixed asset depreciation. 
A) To track construction projects. 
B) To track network security. 
C) To track manufacturing operations. 
D) To track fixed asset depreciation.

Question 2

How would XBRL GL facilitate the SEC-required XBRL submission of a company's regulatory filings?

Accepted Answer

Answers will vary! A potential

Question 3

A data warehouse may include:

Accepted Answer

A) An XBRL style sheet 
B) General Economic Information 
C) A digital Dashboard 
D) Ciphertext 
A) An XBRL style sheet 
B) General Economic Information 
C) A digital Dashboard 
D) Ciphertext

Question 4

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

Accepted Answer

Answers will vary depending on the stude

Question 5

Which of the following best describes the use of XBRL style sheets?

Accepted Answer

A) Style sheets determine which elements may be used when companies submit their XBRL filing. 
B) Style sheets are another name for XBRL instance documents. 
C) Style sheets allow for presentation of selected data from XBRL documents in a way that humans can read. 
D) Style sheets determine the formatting of numbers and text in the XBRL taxonomy. 
A) Style sheets determine which elements may be used when companies submit their XBRL filing. 
B) Style sheets are another name for XBRL instance documents. 
C) Style sheets allow for presentation of selected data from XBRL documents in a way that humans can read. 
D) Style sheets determine the formatting of numbers and text in the XBRL taxonomy.

Question 6

There is a different XBRL taxonomy for each country,including XBRL Australia,XBRL Canada,XBRL Germany,XBRL Japan,XBRL-Netherlands,XBRL-US,and XBRL-UK.What would happen if there were only one XBRL taxonomy for all countries?

Accepted Answer

Answers will vary! A potential solution

Question 7

In addition to finding statistical correlations,proper application of Data Mining techniques should include which of the following?

Accepted Answer

A) Good use of the REA framework. 
B) Professional judgment. 
C) Use of the most current XBRL taxonomy. 
D) Digital dashboards. 
A) Good use of the REA framework. 
B) Professional judgment. 
C) Use of the most current XBRL taxonomy. 
D) Digital dashboards.

Question 8

When using a Data Mining approach for business analysis,it is important to remember which of the following?

Accepted Answer

A) All relationships between data items mean that one item has an impact on the other. 
B) Data patterns and trends must be obvious before we can consider them in the business decision making process. 
C) Relationships between data items do not necessarily mean that one causes the other. 
D) Data mining should be performed in the operational system,not the data warehouse. 
A) All relationships between data items mean that one item has an impact on the other. 
B) Data patterns and trends must be obvious before we can consider them in the business decision making process. 
C) Relationships between data items do not necessarily mean that one causes the other. 
D) Data mining should be performed in the operational system,not the data warehouse.

Question 9

The stated advantages of XBRL GL include:

Accepted Answer

A) Flexibility 
B) SEC approval 
C) Less costly 
D) Network Effects 
A) Flexibility 
B) SEC approval 
C) Less costly 
D) Network Effects

Question 10

How would XBRL GL be used for internal uses such as management accounting?

Accepted Answer

Answers will vary! A potential

Question 11

Data Mining is a process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known.

Accepted Answer

A) True 
 B)False

Question 12

Ford may use business intelligence for all of the following except:

Accepted Answer

A) Compare competitor vehicle sales to Ford vehicle sales. 
B) Review website activity. 
C) Prepare activity models using BPM. 
D) Analyze the correlation of gas prices to vehicle sales. 
A) Compare competitor vehicle sales to Ford vehicle sales. 
B) Review website activity. 
C) Prepare activity models using BPM. 
D) Analyze the correlation of gas prices to vehicle sales.

Question 13

In February 2009,the _____ passed the rule requiring all large domestic publicly traded firms to begin formatting their financial statements using XBRL.

Accepted Answer

A) Financial Accounting Standards Board. 
B) International Accounting Standards Board. 
C) American Institute of Certified Public Accountants. 
D) Securities and Exchange Commission. 
A) Financial Accounting Standards Board. 
B) International Accounting Standards Board. 
C) American Institute of Certified Public Accountants. 
D) Securities and Exchange Commission.

Question 14

Bank loan officers and the IRS will likely have different XBRL style sheets for the various XBRL filings.

Accepted Answer

A) True 
 B)False

Question 15

XBRL GL,or XBRL Global Ledger Taxonomy,is different from XBRL US GAAP because it facilitates:

Accepted Answer

A) Efficient communication between the firm and financial analysts. 
B) Efficient communication within a firm. 
C) Efficient communication between the firm and its suppliers. 
D) Efficient communication between the firm and its customers. 
A) Efficient communication between the firm and financial analysts. 
B) Efficient communication within a firm. 
C) Efficient communication between the firm and its suppliers. 
D) Efficient communication between the firm and its customers.

Question 16

XBRL style sheets take the instance documents and add presentation elements to make XBRL filings readable by humans.

Accepted Answer

A) True 
 B)False

Question 17

Data warehouses are often designed to facilitate decision making such as those often used in managerial accounting and facilitate management by exception,such as variance reports,trend reports,variance analysis reports,and reports that show actual performance are compared to budgeted information.

Accepted Answer

A) True 
 B)False

Question 18

XBRL serves as a means to electronically communicate business information to facilitate business reporting of financial and nonfinancial data to users.XBRL greatly enhances the speed and accuracy of business reporting.

Accepted Answer

A) True 
 B)False

Question 19

How would Apple Computer use a data mart in its marketing area? How does that help designers of the data warehouse know what to include?

Accepted Answer

Answers will vary! Designers of the data

Question 20

XBRL produces standardized reports and is not customizable.

Accepted Answer

A) True 
 B)False

Which of the following is the least likely example of how a specialized digital dashboard might be used?

How would XBRL GL facilitate the SEC-required XBRL submission of a company's regulatory filings?

A data warehouse may include:

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

Which of the following best describes the use of XBRL style sheets?

There is a different XBRL taxonomy for each country,including XBRL Australia,XBRL Canada,XBRL Germany,XBRL Japan,XBRL-Netherlands,XBRL-US,and XBRL-UK.What would happen if there were only one XBRL taxonomy for all countries?

In addition to finding statistical correlations,proper application of Data Mining techniques should include which of the following?

When using a Data Mining approach for business analysis,it is important to remember which of the following?

The stated advantages of XBRL GL include:

How would XBRL GL be used for internal uses such as management accounting?

Data Mining is a process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known.

Ford may use business intelligence for all of the following except:

In February 2009,the _____ passed the rule requiring all large domestic publicly traded firms to begin formatting their financial statements using XBRL.

Bank loan officers and the IRS will likely have different XBRL style sheets for the various XBRL filings.

XBRL GL,or XBRL Global Ledger Taxonomy,is different from XBRL US GAAP because it facilitates:

XBRL style sheets take the instance documents and add presentation elements to make XBRL filings readable by humans.

Data warehouses are often designed to facilitate decision making such as those often used in managerial accounting and facilitate management by exception,such as variance reports,trend reports,variance analysis reports,and reports that show actual performance are compared to budgeted information.

XBRL serves as a means to electronically communicate business information to facilitate business reporting of financial and nonfinancial data to users.XBRL greatly enhances the speed and accuracy of business reporting.

How would Apple Computer use a data mart in its marketing area? How does that help designers of the data warehouse know what to include?

XBRL produces standardized reports and is not customizable.

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

Which of the following is the least likely example of how a specialized digital dashboard might be used?

How would XBRL GL facilitate the SEC-required XBRL submission of a company's regulatory filings?

A data warehouse may include:

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

Which of the following best describes the use of XBRL style sheets?

There is a different XBRL taxonomy for each country,including XBRL Australia,XBRL Canada,XBRL Germany,XBRL Japan,XBRL-Netherlands,XBRL-US,and XBRL-UK.What would happen if there were only one XBRL taxonomy for all countries?

In addition to finding statistical correlations,proper application of Data Mining techniques should include which of the following?

When using a Data Mining approach for business analysis,it is important to remember which of the following?

The stated advantages of XBRL GL include:

How would XBRL GL be used for internal uses such as management accounting?

Data Mining is a process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known.

Ford may use business intelligence for all of the following except:

In February 2009,the _____ passed the rule requiring all large domestic publicly traded firms to begin formatting their financial statements using XBRL.

Bank loan officers and the IRS will likely have different XBRL style sheets for the various XBRL filings.

XBRL GL,or XBRL Global Ledger Taxonomy,is different from XBRL US GAAP because it facilitates:

XBRL style sheets take the instance documents and add presentation elements to make XBRL filings readable by humans.

Data warehouses are often designed to facilitate decision making such as those often used in managerial accounting and facilitate management by exception,such as variance reports,trend reports,variance analysis reports,and reports that show actual performance are compared to budgeted information.

XBRL serves as a means to electronically communicate business information to facilitate business reporting of financial and nonfinancial data to users.XBRL greatly enhances the speed and accuracy of business reporting.

How would Apple Computer use a data mart in its marketing area? How does that help designers of the data warehouse know what to include?

XBRL produces standardized reports and is not customizable.

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