Accounting Systems

What information would a human resources data mart include?

1. Salaries for workers each year for the past five years 2. Staffing levels at competitor firms 3. Staffing levels in the supply chain

What is the definition of XBRL instance documents?

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

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

Business intelligence

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

Business intelligence

Who was the person who contemplated the use of XML to electronically deliver financial information in 1998?

Charles Hoffman

For a grocery store chain, answering a question like, how much cranberry sauce did we sell last Thanksgiving would be a good question for which type of data source?

Data mart

_____ may be used to find patterns in stock prices to assist technical stock market analysts.

Data mining

__________ is a technique used to analyze data for business intelligence purposes.

Data mining

Continuous tracking of month-to-date orders would be an example of which of these?

Digital dashboard

In an accounting information system, tracking a firm's process or its performance to monitor critical performance is called what?

Digital dashboard

Tracking and reporting the number of days without an accident would be an example of which of these?

Digital dashboard

XBRL is an acronym for which words?

Extensible Business Reporting Language

Information regarding competitors, the industry and the general economy would be examples of _____ databases.

External

_________________ are tagged in XBRL by either manual tagging by professionals knowledgeable of the firm's financial reports or automatically by an enterprise system.

Financial statements items

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

Historical

General ledger, journal entries, sales and purchases would be examples of _____ databases.

Internal

The XBRL GL is used to facilitate which kind of communication by the firm?

Internal communication

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

Management by exception

What type of correlation would explain the statistical relationship between ice cream sales and the number of drownings?

Positive correlation

In 2009, the _____ requires that financial statements be submitted using XBRL.

SEC

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

Securities and Exchange Commission

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.

What is the definition of the XBRL specification?

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

XBRL assurance is needed to ensure which of the following?

The most current, standardized XBRL taxonomy is used.

XBRL assurance is needed to ensure which of the following?

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

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

True

True or false: There is a different XBRL taxonomy for each country.

True

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

True

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

True

The SEC requires large public companies to format their financial statements using XBRL for which media?

Web site

What term describes taking the XBRL data and making it readable by humans?

XBRL Style Sheets

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

XBRL US

What is the XBRL term that defines and describes each key data element (total assets, sales revenue, net income, etc.)?

XBRL taxonomy

XBRL is based on which standard for Internet communication among businesses?

XML

XBRL style sheets can format data for _____________.

a PDF file

In the process of business intelligence, you first gather information, then ________________ and finally make decisions based on the information gained.

analyze the information

An example of ________ ___________ is when a firm like Amazon uses the web to gather pricing information from Ebay for pricing the Microsoft Surface.

business intelligence

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.

combine the operations of multiple organizations

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

common

Another word for business intelligence is _______ intelligence.

competitive

the object management group is a consortium of _ industry members.

computer

An example of business intelligence is a firm like Delta Airlines using a web _____ to gather pricing information for all flights between Atlanta and Paris by all providers.

crawler

Specialized _________________ may track building projects, customer relationships, sales and marketing, security, and operations.

data dashboards

Systems used to support managerial decision making are called __________________.

decision support systems

Variance reports, trend reports, and various analysis reports are examples of ___________________.

decision support systems

The XBRL taxonomy _____.

defines and describes each key data element

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.

digitized

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

A data warehouse is a collection of information gathered from an assortment of Blank 1 of 1 and internal databases to facilitate reporting for decision making.

external

A data warehouse is a collection of information gathered from an assortment of ______ and internal databases to facilitate reporting for decision making.

external

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

homogeneous

An XBRL _______________ is a document containing XBRL elements for firm financial information.

instance document

An example of business _____ is when a firm like Amazon uses the web to gather pricing information from Ebay for pricing iPhones.

intelligence

Data warehouses are ______________ a company's operational database.

kept separate from

Systems used to support ____________ decision making are called decision support systems.

managerial

Business intelligence is a computer-based technique for accumulating and analyzing data from databases and data warehouses to support ______________________.

managerial decision making

The XBRL specification ____________.

outlines the technical framework for XBRL

Structure models should be able to describe all except

sequence of activities

Each interested XBRL user can either access standard reports (i.e., 10-K going to the SEC) or _____________ reports.

specialized

A data mart takes a subset of information from a data warehouse to serve a ________ purpose.

specific

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

tag

XBRL taxonomies are developed to enable filings to regulators (such as banks), ______________, and other governmental entities.

the IRS

In the process of business intelligence, you first gather information, then analyze patterns or

trends