Exam 16: The General Ledger and Business Reporting Glbrprocess

Consider the GL account number "1132" where each successive digit is subordinate to the digit to its left (e.g. ,2 = cash in the bank and 3 = cash accounts).This scheme is known as ______________________________ coding.

A journal voucher is an internal source document used to notify the GL to make an accounting entry.

Adjusted trial balance figures are usually sent from the business reporting department to the:

______________________________ is methodology for assessing an organization's business performance via four components: (1)financial, (2)internal business process, (3)customers,and (4)innovation and improvement activities.

Balanced scorecard is methodology for assessing an organization's business performance via four components: (1)financial, (2)external business process, (3)vendors,and (4)innovation and improvement activities.

The managerial reporting officer is responsible for preparing performance reports.

Which of the following items is not one of the four components of the balanced scoreboard methodology?

Business intelligence is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

The financial statements contain detailed information of all of an organization's business event data.

The treasurer notifies the business reporting process of investing and financing transaction activities.

The business reporting process is concerned with preparing external financial statements,ensuring they conform to GAAP,generating Web-based forms of key financial statement and related business reporting via the Internet,and supporting the generation of both ad hoc and predetermined business reports.

The ______________________________ process comprises accumulating,classifying,and recording data,fueling the financial reporting,business reporting,and other reporting subsystems.

Finalized budget figures are sent to the GL/BR process by:

The source code field of each GL entry provides a beginning point of reference for developing a proper chart of accounts.

When implementing an ERP system,it is best to provide all users with access to all menu systems,so they can see what is going on within the system.

Chapter 16 includes a discussion The Sarbanes Oxley Act of 2002.Describe the three sections of Sarbanes Oxley that were discussed,and how these may impact financial reporting.

Limitations of the general ledger approach include the following:

The business reporting process comprises all of the following except:

The controller notifies the business reporting process of investing and financing transaction activities,

The GL/BR process is an interacting structure of people,equipment,activities,and controls that is designed to accomplish both operations and information system functions with the purpose of generating accounting and other reports.