ACCTCY 3328 FINAL - Ch. 9

XBRL Instance Documents include: A) Underlying technical details of XBRL. B) Presentation elements of XBRL. C) Definitions of each key data element of XBRL. D) Document containing XBRL elements.

D) Document containing XBRL elements.

Data mining is considered a technique of A. Data Warehousing B. Project Management C. Data Martian D. Business Intelligence

D. Business Intelligence

XBRL style sheets: A) Add presentation elements to instance documents. B) Add stylized notation to instance documents. C) Provide technical data to pull appropriate data elements. D) Provide the appropriate XBRL taxonomy to the instance documents.

A) Add presentation elements to instance documents. Feedback: An XBRL Style Sheet adds presentation elements to the XBRL instance documents to make them readable by humans

Internal Databases that might be included in a data warehouse would not include: A) General Ledger B) Competitor Information C) Sales Information D) Purchases Information

B) Competitor Information Feedback: Data warehouse are a collection of information gathered from an assortment of external and operational (i.e, internal) databases to facilitate reporting for decision making and business analysis. An example of an external database in a data warehouse might include competitor information.

A subset of a data warehouse for a specific purpose is called a: A) Small Data Warehouse B) Data Mart C) Data Convenience Store D) Business Intelligence

B) Data Mart Feedback: A datamart is defined as a subset of the information from the data warehouse to serve a specific purpose.

Ebay may use business intelligence to: A) Track the cost of iPhones on its website. B) Monitor the price of iPads at Amazon. C) Track the cost of their airplane fuel. D) Monitor prices on competitive routes.

B) Monitor the price of iPads at Amazon. Feedback: Ebay might use business intelligence by monitoring the price of iPads at its competitor, in order to make sure its iPads are priced appropriately at Ebay. Business intelligence is defined as a computer-based technique for accumulating and analyzing data from databases and data warehouses to support managerial decision making.

XBRL stands for A) XML Business Reporting Language. B) eXtensible Business Reporting Language. C) eXcellent Business Reporting Language. D) eXcellent Business Reporting and Languages.

B) eXtensible Business Reporting Language.

The tool that defines and describes each key data element (e.g., total assets, accounts, payable, net income, etc.) in XBRL is called _________ A. XBRL specification. B. XBRL taxonomy. C. XBRL style sheet. D. XBRL instance document.

B. XBRL taxonomy.

The computer-based technique to provide real-time information on business processes is called: A) Business intelligence. B) Data Warehouse. C) Digital Dashboard. D) XBRL.

C) Digital Dashboard. Feedback: Ebay might use business intelligence by monitoring the price of iPads at its competitor, in order to make sure its iPads are priced appropriately at Ebay. Business intelligence is defined as a computer-based technique for accumulating and analyzing data from databases and data warehouses to support managerial decision making.

A data warehouse may include a: A) Digital Dashboard. B) XBRL style sheet. C) General Economic Information. D) iPads and iPhones.

C) General Economic Information. Feedback: Data warehouse are a collection of information gathered from an assortment of external and operational (i.e, internal) databases to facilitate reporting for decision making and business analysis. An example of an external database in a data warehouse might include general economic information.

The stated advantages of XBRL GL do not include: A) Reporting independence B) System independence C) Neutrality D) Flexibility

C) Neutrality Feedback: Advantages of XBRL include being reporting independent, system independent, permitting consolidation and providing flexibility.

Which group required the use of XBRL by all of its members? A) NASDAQ B) NASCAR C) SEC D) IRS

C) SEC Feedback: In February 2009, the U.S. Securities and Exchange commission passed a new rule titled "Interactive Data to Improve Financial Reporting" which required all large domestic and foreign accelerated filers to begin formatting their financial statements using XBRL

Digital Dashboard tracks in a user-friendly way: A. Airplane speed B. Critical business failures C. Critical business processes D. Critical business projects

C. Critical business processes

In February 2009, the _____________ passed the rule requiring all large domestic firms to begin formatting their financial statements using XBRL. A. Financial Accounting Standards Board B. International Accounting Standards Board C. American Institute of Certified Public Accountants D. Securities and Exchange Commission

D. Securities and Exchange Commission

Internal databases that might be included in a data warehouse would not include: a) General ledger b) Competitor information c) Sales information d) Purchasing information

b) Competitor information

Ebay may use business intelligence to: a) Track the cost of iPhones on its website b) Monitor the price of iPads at Amazon.com c) Track sales made during the quarter d) Monitor prices from different suppliers for products sold

b) Monitor the price of iPads at Amazon.com

The computer-based technique to provide real-time information on business processes is called: a) Business intelligence b) Data warehouse c) Digital dashboard d) XBRL

c) Digital dashboard

Which group requires the use of XBRL by all of its members? a) NASDAQ b) PCAOB c) SEC d) IRS

c) SEC

The stated advantages of XBRL do not include: a) Reporting independence b) System independence c) Neutrality d) Flexibility

c) neutrality