Accounting Information system 1st edition by Vernon Richardson -Test Bank
Chapter 09
Reporting Processes and eXtensible Business Reporting Language (XBRL)
True / False Questions
1. 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.
True False
2. Data warehouses are often designed to facilitate decision making such as those often used in managerial accounting and facilitate management by exception, such as variance reports, trend reports, variance analysis reports, and reports that show actual performance are compared to budgeted information.
True False
3. 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.
True False
4. XBRL is based on the XML language.
True False
5. XBRL produces standardized reports and is not customizable.
True False
6. XBRL GL (also known as XBRL Global Ledger Taxonomy) serves as a means to facilitate efficient communication within a firm.
True False
7. XBRL serves as a means to electronically communicate business information to facilitate business reporting of financial and nonfinancial data to users. XBRL greatly enhances the speed and accuracy of business reporting.
True False
8. XBRL instance documents describe each key data element (e.g., total assets, accounts, payable, net income, etc.).
True False
9. XBRL allows highly disaggregated data so not only is it possible to know the level of sales, but it is possible to know sales revenue in much more detail.
True False
10. Data warehouses gather information from external databases, but not from internal databases.
True False
11. XBRL style sheets take the instance documents and add presentation elements to make XBRL filings readable by humans.
True False
12. Bank loan officers and the IRS will likely have different XBRL style sheets for the various XBRL filings.
True False
13. Since both are regulators, the SEC and the IRS will likely have similar XBRL style sheets for the various XBRL filings.
True False
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