Question 1

Finalized budget figures are sent to the GL/BR process by:

Accepted Answer

A)  the financial reporting officer 
B)  the budgeting department 
C)  the treasurer 
D)  the managerial reporting officer 
A)  the financial reporting officer 
B)  the budgeting department 
C)  the treasurer 
D)  the managerial reporting officer

Question 2

Sarbanes-Oxley Section 302 states that the ______________________________ and ______________________________ of an organization must certify that the statements neither contain material untrue facts nor omit material facts.

Accepted Answer

The answer of Sarbanes-Oxley Section 302 states that the ______________________________...

Question 3

The managerial reporting officer is responsible for preparing performance reports.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following items is not one of the four components of the balanced scoreboard methodology?

Accepted Answer

A)  Customers 
B)  Financial 
C)  competitive environment 
D)  internal business processes 
A)  Customers 
B)  Financial 
C)  competitive environment 
D)  internal business processes

Question 5

The treasurer notifies the business reporting process of investing and financing transaction activities.

Accepted Answer

A) True 
 B)False

Question 6

Consider the GL account number "1132" where each successive digit is subordinate to the digit to its left (e.g., 2 = cash in the bank and 3 = cash accounts). This scheme is known as ______________________________ coding.

Accepted Answer

The answer of Consider the GL account number "1132" where...

Question 7

The driving force in constructing a chart of accounts is to add structure to the classification of financial information.

Accepted Answer

A) True 
 B)False

Question 8

The controller notifies the business reporting process of investing and financing transaction activities,

Accepted Answer

A) True 
 B)False

Question 9

In the balanced scorecard methodology the ______________________________ component focuses on identifying how customers perceive the organization in terms of the value that it is creating for them.

Accepted Answer

The answer of In the balanced scorecard methodology the ______________________________...

Question 10

Which of the following has responsibilities and expertise to preparing internal reports?

Accepted Answer

A)  the financial reporting officer 
B)  the managerial reporting officer 
C)  the treasurer 
D)  the budgeting department 
A)  the financial reporting officer 
B)  the managerial reporting officer 
C)  the treasurer 
D)  the budgeting department

Question 11

Which of the following should be considered when designing a coding scheme for a chart of accounts?

Accepted Answer

A)  Which internal reports will be required? 
B)  Is there a need for segmental reporting? 
C)  Both a. and b. 
D)  Neither a. nor b. 
A)  Which internal reports will be required? 
B)  Is there a need for segmental reporting? 
C)  Both a. and b. 
D)  Neither a. nor b.

Question 12

The financial reporting officer is primarily responsible for budgeting.

Accepted Answer

A) True 
 B)False

Question 13

______________________________ is an XML-based language consisting of a set of tags that are used to unify the presentation of business reporting information into a single format, easily read by almost any software package, and easily searched by Web browsers.

Accepted Answer

eXtensible Business

Question 14

The general ledger process is concerned with preparing external financial statements, ensuring they conform to GAAP, generating Web-based forms of key financial statement and related business reporting via the Internet, and supporting the generation of both ad hoc and predetermined business reports.

Accepted Answer

A) True 
 B)False

Question 15

An account in the chart of accounts has the number 7111. Which of the following does the 7 likely represent?

Accepted Answer

A)  Revenues 
B)  sales region 
C)  merchandise sales 
D)  golf merchandise sales 
A)  Revenues 
B)  sales region 
C)  merchandise sales 
D)  golf merchandise sales

Question 16

Which of the following usually would be responsible for preparing operating center budgets?

Accepted Answer

A)  managerial reporting officer 
B)  budgeting department manager 
C)  financial reporting officer 
D)  operating line managers 
A)  managerial reporting officer 
B)  budgeting department manager 
C)  financial reporting officer 
D)  operating line managers

Question 17

Performance reports are often part of a managerial reporting system known as a responsibility accounting/reporting system.

Accepted Answer

A) True 
 B)False

Question 18

______________________________ is a generalized system for the customized tagging of data to enable the definition, transmission, and interpretation of data over the Internet. It uses predefined tags to let information providers create uniform information for users.

Accepted Answer

The answer of ______________________________ is a generalized system for the...

Question 19

______________________________ implies that Generally Accepted Accounting Principles (GAAP) and International financial Reporting Standards (IFRS) will blend together, with differences reconciled, and ultimately we will have one set of standards that can be used worldwide.

Accepted Answer

The answer of ______________________________ implies that Generally Accepted Accounting Principles...

Question 20

To be effectives business intelligence requires:

Accepted Answer

A)  a balanced scorecard 
B)  XBRL 
C)  integration of statistical and analytical tools with decision support technologies 
D)  convergence of GAAP and IFRS 
A)  a balanced scorecard 
B)  XBRL 
C)  integration of statistical and analytical tools with decision support technologies 
D)  convergence of GAAP and IFRS

Finalized budget figures are sent to the GL/BR process by:

Sarbanes-Oxley Section 302 states that the and of an organization must certify that the statements neither contain material untrue facts nor omit material facts.

The managerial reporting officer is responsible for preparing performance reports.

Which of the following items is not one of the four components of the balanced scoreboard methodology?

The treasurer notifies the business reporting process of investing and financing transaction activities.

Consider the GL account number "1132" where each successive digit is subordinate to the digit to its left (e.g., 2 = cash in the bank and 3 = cash accounts). This scheme is known as ______________________________ coding.

The driving force in constructing a chart of accounts is to add structure to the classification of financial information.

The controller notifies the business reporting process of investing and financing transaction activities,

In the balanced scorecard methodology the ______________________________ component focuses on identifying how customers perceive the organization in terms of the value that it is creating for them.

Which of the following has responsibilities and expertise to preparing internal reports?

Which of the following should be considered when designing a coding scheme for a chart of accounts?

The financial reporting officer is primarily responsible for budgeting.

______________________________ is an XML-based language consisting of a set of tags that are used to unify the presentation of business reporting information into a single format, easily read by almost any software package, and easily searched by Web browsers.

The general ledger process is concerned with preparing external financial statements, ensuring they conform to GAAP, generating Web-based forms of key financial statement and related business reporting via the Internet, and supporting the generation of both ad hoc and predetermined business reports.

An account in the chart of accounts has the number 7111. Which of the following does the 7 likely represent?

Which of the following usually would be responsible for preparing operating center budgets?

Performance reports are often part of a managerial reporting system known as a responsibility accounting/reporting system.

______________________________ is a generalized system for the customized tagging of data to enable the definition, transmission, and interpretation of data over the Internet. It uses predefined tags to let information providers create uniform information for users.

______________________________ implies that Generally Accepted Accounting Principles (GAAP) and International financial Reporting Standards (IFRS) will blend together, with differences reconciled, and ultimately we will have one set of standards that can be used worldwide.

To be effectives business intelligence requires:

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivablecash Receipts Barcr Process

The Purchasing Process

The Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

Acquiring and Implementing Accounting Information Systems

Filters

Exam 16: The General Ledger and Business Reporting GLBR Process

Finalized budget figures are sent to the GL/BR process by:

Sarbanes-Oxley Section 302 states that the ______________________________ and ______________________________ of an organization must certify that the statements neither contain material untrue facts nor omit material facts.

The managerial reporting officer is responsible for preparing performance reports.

Which of the following items is not one of the four components of the balanced scoreboard methodology?

The treasurer notifies the business reporting process of investing and financing transaction activities.

Consider the GL account number "1132" where each successive digit is subordinate to the digit to its left (e.g., 2 = cash in the bank and 3 = cash accounts). This scheme is known as ______________________________ coding.

The driving force in constructing a chart of accounts is to add structure to the classification of financial information.

The controller notifies the business reporting process of investing and financing transaction activities,

In the balanced scorecard methodology the ______________________________ component focuses on identifying how customers perceive the organization in terms of the value that it is creating for them.

Which of the following has responsibilities and expertise to preparing internal reports?

Which of the following should be considered when designing a coding scheme for a chart of accounts?

The financial reporting officer is primarily responsible for budgeting.

______________________________ is an XML-based language consisting of a set of tags that are used to unify the presentation of business reporting information into a single format, easily read by almost any software package, and easily searched by Web browsers.

An account in the chart of accounts has the number 7111. Which of the following does the 7 likely represent?

Which of the following usually would be responsible for preparing operating center budgets?

Performance reports are often part of a managerial reporting system known as a responsibility accounting/reporting system.

______________________________ is a generalized system for the customized tagging of data to enable the definition, transmission, and interpretation of data over the Internet. It uses predefined tags to let information providers create uniform information for users.

______________________________ implies that Generally Accepted Accounting Principles (GAAP) and International financial Reporting Standards (IFRS) will blend together, with differences reconciled, and ultimately we will have one set of standards that can be used worldwide.

To be effectives business intelligence requires:

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivablecash Receipts Barcr Process

The Purchasing Process

The Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

Acquiring and Implementing Accounting Information Systems

Filters

Sarbanes-Oxley Section 302 states that the and of an organization must certify that the statements neither contain material untrue facts nor omit material facts.