Question 1

______________________________ is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

Accepted Answer

The answer of ______________________________ is the integration of statistical and...

Question 2

In the balanced scorecard methodology the ______________________________ component monitors and assesses how the organization is continuing to improve and how it is creating additional value.

Accepted Answer

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

Question 3

Sarbanes-Oxley Section 401 covers ______________________________ in financial reports.

Accepted Answer

The answer of Sarbanes-Oxley Section 401 covers ______________________________ in financial...

Question 4

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

Question 5

Sarbanes-Oxley,Section 409 states that companies ''shall disclose to the public on a(n)______________________________ and ______________________________ basis such additional information concerning material changes in the financial condition or operations of the issuer....''

Accepted Answer

The answer of Sarbanes-Oxley,Section 409 states that companies ''shall disclose...

Question 6

In the balanced scorecard methodology the ______________________________ component focuses on more traditional measures of business performance related to how shareholders view the organization's performance.

Accepted Answer

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

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

The ______________________________ is a standard-setting body,located in London,with the objective of developing globally accepted international financial reporting standards (IFRS).

Accepted Answer

The answer of The ______________________________ is a standard-setting body,located in...

Question 9

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 10

The ______________________________ is a list of all the accounts in the general ledger.

Accepted Answer

The answer of The ______________________________ is a list of all...

Question 11

As we move toward an enterprise system environment,the chart of accounts becomes increasingly more important.

Accepted Answer

A) True 
 B)False

Question 12

The important information services functions of the general ledger and business reporting (GL/BR)process emphasized in chapter 16 included two categories: (1)general ledger activities and (2)other business reporting.Briefly discuss what the general ledger (GL)process comprises and what comprises the business reporting process.

Accepted Answer

The answer of The important information services functions of the...

Question 13

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

Question 14

Continuous assurance (continuous auditing)is the process by which assurance is provided through monitoring of automated controls and business events in real time or near real time.

Accepted Answer

A) True 
 B)False

Question 15

A(n)______________________________ is an XBRL document that contains all information,at a given point in time,including tags,about the occurrence of an item.

Accepted Answer

The answer of A(n)______________________________ is an XBRL document that contains...

Question 16

Sarbanes-Oxley Act of 2002 may lead to:

Accepted Answer

A)  convergence of GAAP and IFRS 
B)  continuous or real-time reporting 
C)  Worldwide acceptance of XBRL 
D)  obscuring of the economic reality of business events

Question 17

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

Question 18

Inputs to a GL/BR process typically include all of the following except:

Accepted Answer

A)  adjusting entry journal voucher 
B)  adjusted trial balance 
C)  finalized budget 
D)  GAAP-based financial statements

Question 19

Typically,you would expect general ledger updates for periodic adjusting entries to be fed to the GL/BR process by:

Accepted Answer

A)  the controller 
B)  the treasurer 
C)  the chief executive officer (CEO) 
D)  one of the AIS feeder systems

Question 20

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

Exam 16: The General Ledger and Business Reporting Glbrprocess

______________________________ is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

In the balanced scorecard methodology the ______________________________ component monitors and assesses how the organization is continuing to improve and how it is creating additional value.

Sarbanes-Oxley Section 401 covers ______________________________ in financial reports.

To be effectives business intelligence requires:

Sarbanes-Oxley,Section 409 states that companies ''shall disclose to the public on a(n) and basis such additional information concerning material changes in the financial condition or operations of the issuer....''

In the balanced scorecard methodology the ______________________________ component focuses on more traditional measures of business performance related to how shareholders view the organization's performance.

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

The ______________________________ is a standard-setting body,located in London,with the objective of developing globally accepted international financial reporting standards (IFRS).

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 ______________________________ is a list of all the accounts in the general ledger.

As we move toward an enterprise system environment,the chart of accounts becomes increasingly more important.

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

Continuous assurance (continuous auditing)is the process by which assurance is provided through monitoring of automated controls and business events in real time or near real time.

A(n)______________________________ is an XBRL document that contains all information,at a given point in time,including tags,about the occurrence of an item.

Sarbanes-Oxley Act of 2002 may lead to:

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

Inputs to a GL/BR process typically include all of the following except:

Typically,you would expect general ledger updates for periodic adjusting entries to be fed to the GL/BR process by:

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