_____ was chosen by the sec to develop a single taxonomy for sec financial reporting.

EX-101.* 10-K, 10-K/A, 10-KT, 10-KT/A, 10-Q, 10-Q/A, 10-QT, 10-12B, 10-QT/A, 10-12B/A, 10-12G, 10-12G/A, 8-K, 8-K/A, 8-K12B, 8-K12B/A, 8-K12G3, 8-K12G3/A, 8-K15D5, 8-K15D5/A, 20-F, 20-F/A, 20FR12B, 20FR12B/A, 20FR12G, 20FR12G/A, 40-F, 40-F/A, 40FR12B, 40FR12B/A, 40FR12G, 40FR12G/A, 6-K, 6-K/A, SP 15D2, SP 15D2/A, S-1, S-1/A, S-1MEF, S-3, S-3/A, S-3ASR, S-3D, S-3DPOS, S-3MEF, S-4, S-4/A, S-4EF, S-4MEF, S-4 POS, S-11, S-11/A, S-11MEF, POS AM, POS EX, POSASR, F-1, F-1/A, F-1MEF, F-3, F-3/A, F-3ASR, F-3D, F-3DPOS, F-3MEF, F-4, F-4/A, F-4EF, F-4MEF, F-4 POS, F-10, F-10/A, F-10EF, F-10POS

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Data warehouses use a ______________ data model for all data in thewarehouse.Multiple choice question.commonData warehouses often serve as a repository of the firm'sBlank 1Blank 1historical , Correct Unavailable(historical/forecast) data.Examples of an internal database used in a data warehouse might includewhich data source?historical

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A(n) _____ data mart would have competitor and industry information tofacilitate analysis of competitors and the industry.

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Any data inconsistencies from the input databases are removed so that thedata warehouse has _______ data that can be readily accessed and analyzed.HomogeneousSystems used to support managerial decision making are called__________________.decision support systems

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Accounting

Terms in this set (49)

Any data inconsistencies from the input databases are removed so that the data warehouse has _______ data that can be readily accessed and analyzed.

homogeneous

Data warehouses often serve as a repository of the firm's (historical/forecast) data.

historical

Why are data warehouses kept separate from a company's main operational database?

So that they can run queries without affecting the performance of the company's operational systems.

Examples of an external database used in a data warehouse might include which data source?
Multiple choice question.
Competitor information
Inventory database
Sales database

Competitor information

Variance reports, trend reports, and various analysis reports are examples of ___________________.
Multiple choice question.
management information systems
decision support systems

decision support systems

A data mart takes a subset of information from a data warehouse to serve a ________ purpose.
Multiple choice question.
different
specific
general

specific

Systems used to support managerial decision making are called __________________.
Multiple choice question.
decision support systems
enterprise systems
supply chain management systems

decision support systems

What information would a human resources data mart include?
Multiple select question.
Staffing levels in the supply chain
Staffing levels at competitor firms
Operational payroll information
Salaries for workers each year for the past five years

Staffing levels in the supply chain
Staffing levels at competitor firms
Salaries for workers each year for the past five years

Data warehouses use a ______________ data model for all data in the warehouse.

common

Data warehouses are ______________ a company's operational database.
Multiple choice question.
kept separate from
an integral part of

kept separate from

Within a firm, data warehouses are designed to facilitate which of the following?

Management by exception

Another word for business intelligence is______ intelligence.

competitive

Systems used to support ____________ decision making are called decision support systems.
Multiple choice question.
shareholder
managerial
tax

managerial

In the process of business intelligence, you first gather information, then ________________ and finally make decisions based on the information gained.
Multiple choice question.
compute the information
graph the information
analyze the information

analyze the information

A(n) _____ data mart would have competitor and industry information to facilitate analysis of competitors and the industry.
Multiple choice question.
business intelligence
marketing and sales
inventory
human resource

business intelligence

Any data inconsistencies from the input databases are removed so that the data warehouse has _______ data that can be readily accessed and analyzed.
Multiple choice question.
heterogeneous
homogeneous
available

homogeneous

_____ may be used to find patterns in stock prices to assist technical stock market analysts.
Multiple choice question.
Data mining
Data wrangling
Economic theory
Business intelligence

Data mining

In an accounting information system, tracking a firm's process or its performance to monitor critical performance is called what?
Multiple choice question.
Customer relationship management software
Supply chain management software
Digital dashboard

Digital dashboard

True or false: specialized data dashboards may track building projects, customer relationships, sales and marketing, security, and operations.

True

XBRL is an acronym for which words?
Multiple choice question.
XML Business Reporting Language
Extensible Business Reporting Language
Excel Business Reporting Language

Extensible Business Reporting Language

Data mining is a technique used to analyze data for what purpose?

Business intelligence

What type of correlation would explain the statistical relationship between ice cream sales and the number of drownings?
Multiple choice question.
Positive correlation
Erroneous correlation
Negative correlation

Positive correlation

One of the advantages of XBRL is that information is already _________________, so it does not have to be manually reentered by a user before analyzing the financial statement and other related data.
Multiple choice question.
audited
digitized

digitized

Continuous tracking of month-to-date orders would be an example of which of these?
Multiple choice question.
Digital dashboard
XBRL
Data warehouse

Digital dashboard

The SEC requires large public companies to format their financial statements using XBRL for which media?
Multiple choice question.
Radio
Web site
Print media

Web site

Multiple Choice Question

XBRL is based on which standard for Internet communication among businesses?
Multiple choice question.
FTP
HTML
XML

XML

_____ was chosen by the SEC to develop a single taxonomy for SEC financial reporting.
Multiple choice question.
XBRL International
PCAOB
XBRL US
FASB

XBRL US

When using XBRL, each financial statement item has its own unique ______ to make it easily readable and searchable by a computer.
Multiple choice question.
identification
meaning
tag

tag

_________________ are tagged in XBRL by either manual tagging by professionals knowledgeable of the firm's financial reports or automatically by an enterprise system.
Multiple choice question.
Financial press releases
Tax returns
Financial statements items
Names of those on the board of directors

Financial statements items

Tracking and reporting the number of days without an accident would be an example of which of these?
Multiple choice question.
Digital dashboard
Data mart
Digital warehouse

Digital dashboard

Which regulatory body requires large corporations to submit their financial statements using XBRL?
Multiple choice question.
Federal Trade Commission
Securities and Exchange Commission
Internal Revenue

Securities and Exchange Commission

Who was the person who contemplated the use of XML to electronically deliver financial information in 1998?
Multiple choice question.
Bob Standage
Charles Hoffman
Hal Bradford

Charles Hoffman

What is the definition of the XBRL specification?
Multiple choice question.
The XBRL specification defines and describes each key data element (e.g., total assets, accounts payable, net income, etc.).
The XBRL specification provides the underlying technical details of what XBRL is and how it works.

The XBRL specification provides the underlying technical details of what XBRL is and how it works.

Financial statement items are tagged in XBRL by either manual tagging by professionals knowledgeable of the firm's financial reports or automatically by a(n) _____________________.

enterprise system

What is the XBRL term that defines and describes each key data element (total assets, sales revenue, net income, etc.)?
Multiple choice question.
XBRL taxonomy
XBRL specification
XBRL definitions
XBRL style sheet

XBRL taxonomy

In 2009, the _____ requires that financial statements be submitted using XBRL.
Multiple choice question.
FASB
Congress
IASB
SEC

SEC

XBRL taxonomies are developed to enable filings to regulators (such as banks), ______________, and other governmental entities.
Multiple choice question.
the FASB
the IRS
the NYSE

the IRS

An XBRL _______________ is a document containing XBRL elements for firm financial information.
Multiple choice question.
specification
instance document
taxonomy

instance document

The XBRL specification ____________.
Multiple choice question.
defines and describes each key data element
adds presentation elements to XBRL instance documents to make them readable by people
outlines the technical framework for XBRL
is an open, global standard for exchanging financial reporting information

outlines the technical framework for XBRL

The XBRL taxonomy _____.
Multiple choice question.
defines and describes each key data element
is an open, global standard for exchanging financial reporting information
adds presentation elements to XBRL instance documents to make them readable by people
outlines the technical framework for XBRL

defines and describes each key data element

What is the definition of XBRL instance documents?
Multiple choice question.
An XBRL instance document is a document providing the underlying technical details of what XBRL is and how it works.
An XBRL instance document is a document containing XBRL elements containing firm financial information.

An XBRL instance document is a document containing XBRL elements containing firm financial information.

XBRL assurance is needed to ensure which of the following?
Multiple choice question.
The reports generated using XBRL are complete and received on a timely basis.
The financial statements faithfully represent the transactions that have occurred.
The XBRL style sheets present the correct format for the financial statements.

The reports generated using XBRL are complete and received on a timely basis.

The XBRL GL is used to facilitate which kind of communication by the firm?
Multiple choice question.
Internal communication
External communication

Internal communication

XBRL GL can help transfer the general ledger from one system to another, be used to ___________, or facilitate the transfer into software tools that will do the consolidation.
Multiple choice question.
share XBRL data throughout the organization
combine the operations of multiple organizations
file tax returns

combine the operations of multiple organizations

XBRL assurance is needed to ensure which of the following?
Multiple choice question.
The XBRL coding uses the most current XML standards.
The financial statements are free of material misstatement.
The most current, standardized XBRL taxonomy is used.

The most current, standardized XBRL taxonomy is used.

The XBRL taxonomy _____.
Multiple choice question.
adds presentation elements to XBRL instance documents to make them readable by people
defines and describes each key data element
is an open, global standard for exchanging financial reporting information
outlines the technical framework for XBRL

defines and describes each key data element

True or false: XBRL GL links the chart of accounts used in the general ledger with the accounts consistent with XBRL's taxonomy.
True false question.
True
False

True

True or false: One of the benefits of XBRL GL is that it permits consolidation across multiple entities of a firm.
True false question.
True
False

True

An XBRL _______________ is a document containing XBRL elements for firm financial information.
Multiple choice question.
taxonomy
instance document
specification

instance document

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Which type of company does the Securities and Exchange Commission SEC require to format their financial statements using XBRL?

Operating companies are generally required, on a phased-in basis, to submit their financial statement information in the Inline eXtensible Business Reporting Language (XBRL) format.

What is XBRL tagging SEC?

XBRL enables preparers to utilize software to tag all financial items in their business reports to the elements within a taxonomy. This is accomplished with an Instance Document which can be electronically exchanged and validated between computers or viewed in a human readable format (this is called rendering).

What is the definition of the XBRL specification quizlet?

The XBRL specification defines and describes each key data element (e.g., total assets, accounts payable, net income, etc.). The XBRL specification provides the underlying technical details of what XBRL is and how it works.

Which regulatory body requires large corporations to submit financial statements using XBRL?

Introduction. The Securities and Exchange Commission has adopted amendments that require companies to provide their financial statements in interactive data format using eXtensible Business Reporting Language (XBRL) by submitting them to the SEC and posting them on their corporate Web sites.