Question 1

The financial reporting officer is primarily responsible for budgeting.

Accepted Answer

A) True 
 B)False

Question 2

The general ledger process comprises all of the following except:

Accepted Answer

A) providing information for financial reporting 
B) serving the needs of managerial reporting 
C) classifying data by general ledger accounts 
D) ensuring that the external financial statements conform to GAAP 
A) providing information for financial reporting 
B) serving the needs of managerial reporting 
C) classifying data by general ledger accounts 
D) ensuring that the external financial statements conform to GAAP

Question 3

Consider the GL account number "1122".From right to left, where each successive digit's rank order is subordinate to the rank to the left is known as _________________________ coding.

Accepted Answer

The answer of Consider the GL account number "1122".From right...

Question 4

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 5

A feeder process is any business process that accumulates event data that is then communicated to and processed within the GL.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements related to XBRL is false?

Accepted Answer

A) XBRL is being developed by a nonprofit consortium of approximately 450 major companies, organizations, and government agencies.. 
B) To date world-wide implementation and acceptance of XBRL has been slow. 
C) XBRL can handle data in different languages and accounting standards as well. 
D) XBRL offers cost savings, greater efficiency, and improved accuracy and reliability to all those involved in supplying or using financial data. 
A) XBRL is being developed by a nonprofit consortium of approximately 450 major companies, organizations, and government agencies.. 
B) To date world-wide implementation and acceptance of XBRL has been slow. 
C) XBRL can handle data in different languages and accounting standards as well. 
D) XBRL offers cost savings, greater efficiency, and improved accuracy and reliability to all those involved in supplying or using financial data.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

In a logical DFD for the general ledger/business reporting (GL/BR) process, which of the following processes normally would not update the general ledger master data?

Accepted Answer

A) Record budget. 
B) Post events data. 
C) Record adjustments. 
D) Prepare financial statements. 
A) Record budget. 
B) Post events data. 
C) Record adjustments. 
D) Prepare financial statements.

Question 9

The source code field of each GL entry provides a beginning point of reference for developing a proper _____________________.

Accepted Answer

The answer of The source code field of each GL...

Question 10

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

Accepted Answer

The answer of The ____________________ notifies the business reporting process...

Question 11

The ______________________________ officer possesses expertise in preparing internal management reports.

Accepted Answer

managerial

Question 12

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

Accepted Answer

The answer of ____________is a generalized system for the customized...

Question 13

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

Accepted Answer

The answer of A(n) ______________________________ is an internal source document...

Question 14

The managerial reporting officer is responsible for reporting GAAP financial statements.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

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

Question 17

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 18

A performance report compares actual results with budgeted expectations.

Accepted Answer

A) True 
 B)False

Question 19

The ______________________________ officer possesses expertise in generally accepted accounting principles.

Accepted Answer

The answer of The ______________________________ officer possesses expertise in generally...

Question 20

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

Accepted Answer

A) True 
 B)False

The financial reporting officer is primarily responsible for budgeting.

The general ledger process comprises all of the following except:

Consider the GL account number "1122".From right to left, where each successive digit's rank order is subordinate to the rank to the left is known as _________________________ coding.

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

A feeder process is any business process that accumulates event data that is then communicated to and processed within the GL.

Which of the following statements related to XBRL is false?

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

In a logical DFD for the general ledger/business reporting (GL/BR) process, which of the following processes normally would not update the general ledger master data?

The source code field of each GL entry provides a beginning point of reference for developing a proper _____________________.

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

The ______________________________ officer possesses expertise in preparing internal management reports.

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

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

The managerial reporting officer is responsible for reporting GAAP financial statements.

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

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

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.

A performance report compares actual results with budgeted expectations.

The ______________________________ officer possesses expertise in generally accepted accounting principles.

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

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 Receivable Cash Receipts Barcr Process

The Purchasing Process

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: General Ledger and Business Reporting Glbr Process

The financial reporting officer is primarily responsible for budgeting.

The general ledger process comprises all of the following except:

Consider the GL account number "1122".From right to left, where each successive digit's rank order is subordinate to the rank to the left is known as _________________________ coding.

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

A feeder process is any business process that accumulates event data that is then communicated to and processed within the GL.

Which of the following statements related to XBRL is false?

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

In a logical DFD for the general ledger/business reporting (GL/BR) process, which of the following processes normally would not update the general ledger master data?

The source code field of each GL entry provides a beginning point of reference for developing a proper _____________________.

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

The ______________________________ officer possesses expertise in preparing internal management reports.

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

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

The managerial reporting officer is responsible for reporting GAAP financial statements.

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

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

A performance report compares actual results with budgeted expectations.

The ______________________________ officer possesses expertise in generally accepted accounting principles.

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

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 Receivable Cash Receipts Barcr Process

The Purchasing Process

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