Exam 16: The General Ledger and Business Reporting GLBR Process

XML is a generalized system for the customized tagging of data to enable the definition, transmission, and interpretation of data over the Internet.

(True/False)

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Question 61

A(n) ______________________________ is an internal source document used to notify the general ledger to make an accounting entry.

(Short Answer)

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Question 62

The XBRL framework is based on the concept of a(n) ______________________________, a group of definitions that together provide meaning to reporting concepts.

(Short Answer)

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Question 63

The general ledger master data contains summarized information of all of an organization's business event data.

(True/False)

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Question 64

Which of the following provides data to the GL/BR process?

(Multiple Choice)

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Question 65

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

(True/False)

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Question 66

Sarbanes-Oxley Act of 2002 may lead to:

(Multiple Choice)

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Question 67

Which of the following statements related to XBRL is false?

(Multiple Choice)

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Question 68

The ______________________________ process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems.

(Short Answer)

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Question 69

The business reporting process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems.

(True/False)

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Question 70

Which of the following could be a journal voucher?

(Multiple Choice)

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Question 71

Chapter 16 includes a discussion The Sarbanes Oxley Act of 2002. Describe the three sections of Sarbanes Oxley that were discussed, and how these may impact financial reporting.

(Essay)

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Question 72

A(n) ______________________________ process is any business process that accumulates business event data that are then communicated to and processed within the GL.

(Short Answer)

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Question 73

The ______________________________ data contains summarized information of all an organization's business event data.

(Short Answer)

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Question 74

The financial reporting officer typically prepares performance reports.

(True/False)

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Question 75

The general ledger process comprises all of the following except:

(Multiple Choice)

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Question 76

In contrast to the managerial reporting process, the financial reporting process prepares all of the following financial statements except:

(Multiple Choice)

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Question 77

______________________________ is methodology for assessing an organization's business performance via four components: (1) financial, (2) internal business process, (3) customers, and (4) innovation and improvement activities.

(Short Answer)

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Question 78

The business reporting 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.

(True/False)

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Question 79

The ______________________________ notifies the general ledger/business reporting process of investing and financing transaction activities,

(Short Answer)

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Question 80

Showing 61 - 80 of 107

XML is a generalized system for the customized tagging of data to enable the definition, transmission, and interpretation of data over the Internet.

A(n) ______________________________ is an internal source document used to notify the general ledger to make an accounting entry.

The XBRL framework is based on the concept of a(n) ______________________________, a group of definitions that together provide meaning to reporting concepts.

The general ledger master data contains summarized information of all of an organization's business event data.

Which of the following provides data to the GL/BR process?

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

Sarbanes-Oxley Act of 2002 may lead to:

Which of the following statements related to XBRL is false?

The ______________________________ process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems.

The business reporting process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems.

Which of the following could be a journal voucher?

Chapter 16 includes a discussion The Sarbanes Oxley Act of 2002. Describe the three sections of Sarbanes Oxley that were discussed, and how these may impact financial reporting.

A(n) ______________________________ process is any business process that accumulates business event data that are then communicated to and processed within the GL.

The ______________________________ data contains summarized information of all an organization's business event data.

The financial reporting officer typically prepares performance reports.

The general ledger process comprises all of the following except:

In contrast to the managerial reporting process, the financial reporting process prepares all of the following financial statements except:

______________________________ is methodology for assessing an organization's business performance via four components: (1) financial, (2) internal business process, (3) customers, and (4) innovation and improvement activities.

The ______________________________ notifies the general ledger/business reporting process of investing and financing transaction activities,

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

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