Exam 9: Reporting Processes and Extensible Business Reporting Language XBRL

A document containing XBRL elements is called a:

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

A computer-based information system that facilitates business decision-making activities is called a:

How would the XBRL style sheets be different for financial analysts as compared to the Internal Revenue Service?

Since both are regulators,the SEC and the IRS will likely have similar XBRL style sheets for the various XBRL filings.

The process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known is called:

XBRL (eXtensible Business Reporting Language)is an open,global standard for exchanging financial reporting information.

Name five items that you think would be included in a digital dashboard for an organization that you are familiar with (church,sorority,local not-for-profit,etc.)Why are these critical business processes for them?

A collection of information gathered from an assortment of external and operational (i.e.,internal)databases to facilitate reporting for decision making and business analysis is called

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 instance documents describe each key data element (e.g.,total assets,accounts,payable,net income,etc.).

XBRL Instance Documents define and describe each key data element (e.g.,total assets,accounts,payable,net income,etc.).

If data mining may 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.

The tool that defines and describes each key data element (e.g.,total assets,accounts,payable,net income,etc.)in XBRL is called _________

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.

Why would general economic information (GDP,interest rates,etc.)be included in a data warehouse? Would they be more helpful for some companies than for others?

Why is assurance needed on XBRL data? Why will financial analysts need assurance that the XBRL data is correct? Support your answer.

Data warehouses work together with operational systems to provide necessary insight,particularly in the case of customer relationship management (CRM)and supply chain management (SCM)systems.

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

XBRL produces standardized reports and is not customizable.