ACCT 3130 - Final Exam (Conceptual)

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Revenue per employee is which of the following types of KPI?

Employee performance

Staff advocacy score is which of the following types of KPI?

Employee performance

Training return on investment is which of the following types of KPI?

Employee performance

Energy consumption is which of the following types of KPI?

Environmental and social sustainability

Waste reduction rate is which of the following types of KPI?

Environmental and social sustainability

The balanced scorecard is comprised of four components, which of the following is not a component of a balanced scorecard?

External process

Customer KPIs include price earnings ratio, net promoter score, and customer retention score.

FALSE

Data analytics has the potential to transform the manner in which companies run their businesses to better determine the gaps in actual company performance.

FALSE

Employee Performance KPIs include staff advocacy score and overall equipment effectiveness.

FALSE

Information such as goodwill or long-term debt will likely change on a minute-by-minute basis in real-time financial reporting.

FALSE

Once numbers are input into a financial system using XBRL-GL, they are already tagged and able to be transmitted on the next day of business to interested users.

FALSE

Performance metrics can be used to determine competence.

FALSE

Since KPI dashboards are usually monitored on a daily basis, the importance of communication between all users is trivial.

FALSE

The XBRL taxonomy helps define and describe each key data element (such as cash or employee spending).

FALSE

The balanced scorecard is based around a company's profit and loss statement.

FALSE

The balanced scorecard is comprised of four components: financial, customer, internal process and organizational validity.

FALSE

The use of tags allows data to be slowly transmitted and received and it serves as an input into financial analysts valuing a company. It also contributes to an auditor finding areas where an error might occur, or regulators verifying if firms are in compliance with various regulations and laws (like SEC or IRS).

FALSE

XBRL is a global standard for internet communication mostly among day traders.

FALSE

XBRL stands for eXtensible Business Reporting Linguistic.

FALSE

EBITDA is which of the following types of KPI?

Financial performance

Operating expense ratio is which of the following types of KPI?

Financial performance

Operating profit margin is which of the following types of KPI?

Financial performance

Return on investment is which of the following types of KPI?

Financial performance

KPI data is typically stored in the company's ERP or accounting information system while KPI data analysis for the digital dashboard is created in a data visualization tool such as Excel or Tableau.

TRUE

Many financial reporting systems within enterprise systems have general ledgers that are consistent with XBRL called XBRL-GL.

TRUE

Operational KPIs include six sigma level and first contact resolution.

TRUE

Ratio analysis is a tool used to evaluate relationships among different financial statement items to help understand a company's financial and operating performance.

TRUE

Sometimes outside data vendors create standardized metrics to make the company reported XBRL data more comparable.

TRUE

The IMPACT model should be used to complete a project using a balanced scorecard or some other type of digital dashboard to highlight metrics and KPIs.

TRUE

The Securities and Exchange Commission mandates all publicly traded companies file financial statements prepared in accordance with U.S. GAAP.

TRUE

The XBRL tag for cash is labeled Cash and is defined as follows: Amount of currency on hand as well as demand deposits with banks or financial institutions.

TRUE

The balanced scorecard helps companies turn their strategic goals into action by identifying the most important metrics to measure.

TRUE

The two types of standardized financial accounting are IFRS and U.S. GAAP.

TRUE

The value of a digital dashboard is maximized when the metrics provided are used to impact decision-making and action.

TRUE

There are basically four types of ratios: Liquidity, activity, solvency (or financing) and profitability ratios.

TRUE

When reporting financial statements, detailed tagging of the numbers included in the footnotes by use of XBRL tags is also required.

TRUE

Customer turnover rate is which of the following types of KPI?

Customer

Using the table below compute ROE for 2011 year-end for DuPont (Ticker = DD). ticker year period revenue cost of revenue assets equity DD 2010 Y $ 28,899,000,000 $ 20,574,000,000 $ 40,410,000,000 $ 9,800,000,000 DD 2011 Q1 10,059,000,000 6,831,000,000 42,600,000,000 11,279,000,000 DD 2011 Q2 10,493,000,000 7,191,000,000 47,736,000,000 12,502,000,000 DD 2011 Q3 8,303,000,000 6,345,000,000 47,794,000,000 12,024,000,000 DD 2011 Y 34,423,000,000 21,264,000,000 48,643,000,000 9,208,000,000 DD 2012 Q1 $ 10,194,000,000 $ 6,816,000,000 $ 50,223,000,000 $ 10,427,000,000

142.9%

Using the table below compute ROE for Q3, 2011 for DuPont (Ticker = DD). ticker year period revenue cost of revenue assets equity DD 2010 Y $ 28,899,000,000 $ 20,574,000,000 $ 40,410,000,000 $ 9,800,000,000 DD 2011 Q1 10,059,000,000 6,831,000,000 42,600,000,000 11,279,000,000 DD 2011 Q2 10,493,000,000 7,191,000,000 47,736,000,000 12,502,000,000 DD 2011 Q3 8,303,000,000 6,345,000,000 47,794,000,000 12,024,000,000 DD 2011 Y 34,423,000,000 21,264,000,000 48,643,000,000 9,208,000,000 DD 2012 Q1 $ 10,194,000,000 $ 6,816,000,000 $ 50,223,000,000 $ 10,427,000,000

16.3%

Using the table below compute operating leverage for Q3, 2011 for DuPont (Ticker = DD). ticker year period revenue cost of revenue assets equity DD 2010 Y $ 28,899,000,000 $ 20,574,000,000 $ 40,410,000,000 $ 9,800,000,000 DD 2011 Q1 10,059,000,000 6,831,000,000 42,600,000,000 11,279,000,000 DD 2011 Q2 10,493,000,000 7,191,000,000 47,736,000,000 12,502,000,000 DD 2011 Q3 8,303,000,000 6,345,000,000 47,794,000,000 12,024,000,000 DD 2011 Y 34,423,000,000 21,264,000,000 48,643,000,000 9,208,000,000 DD 2012 Q1 $ 10,194,000,000 $ 6,816,000,000 $ 50,223,000,000 $ 10,427,000,000

17.4%

Using the table below compute profit margin for Q3, 2011 for DuPont (Ticker = DD). ticker year period revenue cost of revenue assets equity DD 2010 Y $ 28,899,000,000 $ 20,574,000,000 $ 40,410,000,000 $ 9,800,000,000 DD 2011 Q1 10,059,000,000 6,831,000,000 42,600,000,000 11,279,000,000 DD 2011 Q2 10,493,000,000 7,191,000,000 47,736,000,000 12,502,000,000 DD 2011 Q3 8,303,000,000 6,345,000,000 47,794,000,000 12,024,000,000 DD 2011 Y 34,423,000,000 21,264,000,000 48,643,000,000 9,208,000,000 DD 2012 Q1 $ 10,194,000,000 $ 6,816,000,000 $ 50,223,000,000 $ 10,427,000,000

23.6%

Customer retention rate is which of the following types of KPI?

Customer

Market growth rate is which of the following types of KPI?

Marketing

Market share is which of the following types of KPI?

Marketing

Social networking footprint is which of the following types of KPI?

Marketing

Which of the following is an example of a customer KPI?

Net promoter score

First pass yield is which of the following types of KPI?

Operational

Inventory shrinkage rate is which of the following types of KPI?

Operational

Process downtime level is which of the following types of KPI?

Operational

Return on innovation investment is which of the following types of KPI?

Operational

Which of the following is an example of an operational KPI?

Overall equipment effectiveness

Which of the following is an example of a marketing KPI?

Page views and bounce rate

Which of the following is an example of an Employee Performance KPI? A) Six Sigma Level

Salary competitiveness ratio

With regard to sparklines, which of the following statements is false?

Sparklines can be added to a digital dashboard that already has many charts and dials, without cluttering up the overall appearance of a dashboard.

The Securities and Exchange Commission requires all public company filers to use XBRL tagging in all of the following financial statements except:

Statement of Changes in Working Capital

Which of the following is an example of an environmental and social performance sustainability KPI?

Supply chain miles

A balanced scorecard includes a well-defined mission, vision and set of values which are integral in creating and maintaining a successful culture.

TRUE

A digital dashboard allows for communicating a selection of KPIs.

TRUE

A major component of financial statement analysis is the use of ratio analysis.

TRUE

A proper strategy for a company's growth considers what a firm does well and how it achieves it.

TRUE

Artificial intelligence, machine learning, and sentiment analysis are three methods used to analyze publicly traded companies on Nasdaq and the NYSE to gain insight and track companies' business and financial operations.

TRUE

Creating a balanced scorecard or any type of digital dashboard to present KPIs for decision-making follows the IMPACT model.

TRUE

Data analytics can help predict a company's revenue, earnings, and cash flow.

TRUE

Data analytics is the process of measuring past performance while comparing it to targeted goals to better evaluate a company's progress.

TRUE

Data visualization is the most effective way to communicate the result of any data analysis.

TRUE

Defining over 19,000 elements, the 2017 US GAAP Financial Reporting Taxonomy tags unique financial data to a component within the taxonomy.

TRUE

Environmental and social sustainability KPIs include energy consumption and carbon footprint.

TRUE

Financial performance KPIs include net profit, net profit margin, and gross profit margin.

TRUE

Financial statement analysis is used by investors, analysts, auditors and other interested stakeholders to review and evaluate a company's financial statements and financial performance.

TRUE

In filing its financial statements with the SEC, a company must tag five basic financial statements, which include a balance sheet, income statement, statement of comprehensive income, statement of cash flows and statement of stockholder's equity.

TRUE

Which of the following statements is false?

XBRL uses a taxonomy to help define and describe each key data element, but it is not capable of defining relationships between each element.

Profitability ratios measure ________.

a firm's ability to generate earnings relative expenses

Liquidity ratios measure ________.

a firm's ability to pay short-term obligations using current assets

Solvency ratios measure ________.

a firm's ability to pay their debts and stay in business

Activity ratios measure ________.

a firm's operating efficiency

Accounts receivable turnover ratio is an example of which type of ratio?

activity ratio

Inventory turnover ratio is an example of which type of ratio?

activity ratio

Total assets turnover ratio is an example of which type of ratio?

activity ratio

A ________ is a particular type of report that is made up of strategic objectives and metrics to help the organization reach its target measures in line with strategic goals.

balanced scorecard

Which of the following is an example of a financial performance KPI?

conomic value added

The balanced scorecard is comprised of four components; which of the following is not an item that should be identified for each component?

destinations

A ________ is an interactive report showing the most important metrics to help users understand how a company or an organization is performing.

digital dashboard

XBRL stands for ________ and is a type of ________.

eXtensible Business Reporting Language; XML

Which of the following is not a type of tagging with XBRL?

hieroglyphs

A ________ is a particular type of metric that an organization deems the most important and influential on decision-making.

key performance indicator

The acid-test ratio is an example of which type of ratio?

liquidity ratio

The current ratio divides total current assets by total current liabilities and is an example of which type of ratio?

liquidity ratio

The quick ratio is an example of which type of ratio?

liquidity ratio

According to the text, research finds that as the use of ________ words in the 10-k ________ the stock market reacts ________.

negative; increases; negatively

XBRL is used for ________ and ________ financial elements.

organizing; defining

A ________ is a calculation measuring how an organization is performing, particularly when that measure is compared to a baseline.

performance metric

Profit margin is an example of which type of ratio?

profitability ratio

Return on assets is an example of which type of ratio?

profitability ratio

Return on equity is an example of which type of ratio?

profitability ratio

The authors discuss all of the following ways in which tags can serve as an input except:

regulators seeing if audit firms are in compliance with various regulations and laws.

Sparklines are generally ________ and show ________ trends.

small; simple

Debt-to-equity ratio is an example of which type of ratio?

solvency ratio

Long-term debt to equity ratios are examples of which type of ratio?

solvency ratio

XBRL uses a ________ to help describe each key data element.

taxonomy

According to the authors, the use of tags allows data to be quickly ________.

transmitted and received


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