Question 1

Which of the following provides the most capability for sharing data between applications?

Accepted Answer

A) Spreadsheets 
B) Text files 
C) XBRL 
D) HTML 
A) Spreadsheets 
B) Text files 
C) XBRL 
D) HTML

Question 2

XBRL has the ability to tag

Accepted Answer

A) Metadata and databases 
B) Numerical and non numerical data 
C) Spreadsheets and Adobe PDF files 
D) Microsoft Word documents 
A) Metadata and databases 
B) Numerical and non numerical data 
C) Spreadsheets and Adobe PDF files 
D) Microsoft Word documents

Question 3

XML is being mandated by more capital markets globally, companies are using XML to meet those requirements.

Accepted Answer

A) True 
 B)False

Question 4

XBRL tags are similar to

Accepted Answer

A) Composite keys 
B) Spreadsheet rows 
C) Primary keys 
D) Database records 
A) Composite keys 
B) Spreadsheet rows 
C) Primary keys 
D) Database records

Question 5

XBRL is a programming language that is an extension of HyperText Markup Language (HTML).

Accepted Answer

A) True 
 B)False

Question 6

________ is a programming language used to develop Web pages.

Accepted Answer

HTML or Hy

Question 7

The data stored in a relational database is stored with its metadata, such as data about the time period, account, currency, and so on.

Accepted Answer

A) True 
 B)False

Question 8

What information does the following XBRL tag provide? 763500000

Accepted Answer

1. The US GAAP taxonomy is used.
2. The

Question 9

XBRL Statement A 25000 -In the XBRL Statement A, what is the correct amount?

Accepted Answer

A) 250.00 
B) 2)5000 
C) 25000 
D) 2500.0 
A) 250.00 
B) 2)5000 
C) 25000 
D) 2500.0

Question 10

________ elements are numeric or nonnumeric facts.

Accepted Answer

The answer of ________ elements are numeric or nonnumeric facts....

Question 11

Which of the following is NOT a benefit of XBRL?

Accepted Answer

A) Reduced data quality 
B) Reduced processing time 
C) Greater data integrity 
D) Increased standardization 
A) Reduced data quality 
B) Reduced processing time 
C) Greater data integrity 
D) Increased standardization

Question 12

Which country was the first capital market to adopt XBRL?

Accepted Answer

A) USA 
B) Russia 
C) China 
D) Japan 
A) USA 
B) Russia 
C) China 
D) Japan

Question 13

Which linkbase defines the different kinds of relationships between elements?

Accepted Answer

A) Presentation link 
B) Definition link 
C) Reference link 
D) Label link 
A) Presentation link 
B) Definition link 
C) Reference link 
D) Label link

Question 14

Italy implemented XBRL for

Accepted Answer

A) Tax reporting 
B) Chamber of commerce filings 
C) Banking regulations 
D) SEC filings 
A) Tax reporting 
B) Chamber of commerce filings 
C) Banking regulations 
D) SEC filings

Question 15

Credit rating agencies must use XBRL for reporting all ratings beginning in August 2020.

Accepted Answer

A) True 
 B)False

Question 16

The US SEC started mandating XBRL filings for selected companies in

Accepted Answer

A) 2009 
B) 2011 
C) 2010 
D) 2012 
A) 2009 
B) 2011 
C) 2010 
D) 2012

Question 17

You can think of the XBRL tags as foreign keys for data contained in financial reports.

Accepted Answer

A) True 
 B)False

Question 18

________ adds tags as information is processed, similar to adding bar codes during the manufacturing process.

Accepted Answer

The answer of ________ adds tags as information is processed,...

Question 19

You can think of the XBRL tags as ________ keys for data contained in financial reports.

Accepted Answer

The answer of You can think of the XBRL tags...

Question 20

When are XBRL tags added to data?

Accepted Answer

A) When the data is imported into the data warehouse 
B) After reports are created or during information processing 
C) During information processing or when the data is entered into a relational database 
D) None of the above 
A) When the data is imported into the data warehouse 
B) After reports are created or during information processing 
C) During information processing or when the data is entered into a relational database 
D) None of the above

Which of the following provides the most capability for sharing data between applications?

XBRL has the ability to tag

XML is being mandated by more capital markets globally, companies are using XML to meet those requirements.

XBRL tags are similar to

XBRL is a programming language that is an extension of HyperText Markup Language (HTML).

________ is a programming language used to develop Web pages.

The data stored in a relational database is stored with its metadata, such as data about the time period, account, currency, and so on.

What information does the following XBRL tag provide? <us-gaap:Assets contextRef="Jan012014" unitRef="USD" decimals="4">763500000</us-gaap:Assets>

XBRL Statement A <ifrs-gp:PrepaymentsCurrent contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">25000</ifrs-gp:PrepaymentsCurrent> -In the XBRL Statement A, what is the correct amount?

________ elements are numeric or nonnumeric facts.

Which of the following is NOT a benefit of XBRL?

Which country was the first capital market to adopt XBRL?

Which linkbase defines the different kinds of relationships between elements?

Italy implemented XBRL for

Credit rating agencies must use XBRL for reporting all ratings beginning in August 2020.

The US SEC started mandating XBRL filings for selected companies in

You can think of the XBRL tags as foreign keys for data contained in financial reports.

________ adds tags as information is processed, similar to adding bar codes during the manufacturing process.

You can think of the XBRL tags as ________ keys for data contained in financial reports.

When are XBRL tags added to data?

Accounting Systems Insights

Accounting Databases

Accounting Interface: Database Forms, Queries, and Reports

Accounting Systems and Business Processes

Business Processes: Purchasing, Sales, and Payroll Cycles

Integrated Enterprise Systems and Cloud Computing

Accounting and Business Intelligence

Accounting and Sustainability Intelligence

Fraud and Internal Control

Cybersecurity

The Risk Intelligent Enterprise: Enterprise Risk Management

Accounting System Development

Database Design: ERD, REA, and SQL

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Exam 9: XBRL: Intelligent Business Reporting

Which of the following provides the most capability for sharing data between applications?

XBRL has the ability to tag

XML is being mandated by more capital markets globally, companies are using XML to meet those requirements.

XBRL tags are similar to

XBRL is a programming language that is an extension of HyperText Markup Language (HTML).

________ is a programming language used to develop Web pages.

The data stored in a relational database is stored with its metadata, such as data about the time period, account, currency, and so on.

What information does the following XBRL tag provide? <us-gaap:Assets contextRef="Jan012014" unitRef="USD" decimals="4">763500000</us-gaap:Assets>

XBRL Statement A <ifrs-gp:PrepaymentsCurrent contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">25000</ifrs-gp:PrepaymentsCurrent> -In the XBRL Statement A, what is the correct amount?

________ elements are numeric or nonnumeric facts.

Which of the following is NOT a benefit of XBRL?

Which country was the first capital market to adopt XBRL?

Which linkbase defines the different kinds of relationships between elements?

Italy implemented XBRL for

Credit rating agencies must use XBRL for reporting all ratings beginning in August 2020.

The US SEC started mandating XBRL filings for selected companies in

You can think of the XBRL tags as foreign keys for data contained in financial reports.

________ adds tags as information is processed, similar to adding bar codes during the manufacturing process.

You can think of the XBRL tags as ________ keys for data contained in financial reports.

When are XBRL tags added to data?

Accounting Systems Insights

Accounting Databases

Accounting Interface: Database Forms, Queries, and Reports

Accounting Systems and Business Processes

Business Processes: Purchasing, Sales, and Payroll Cycles

Integrated Enterprise Systems and Cloud Computing

Accounting and Business Intelligence

Accounting and Sustainability Intelligence

Fraud and Internal Control

Cybersecurity

The Risk Intelligent Enterprise: Enterprise Risk Management

Accounting System Development

Database Design: ERD, REA, and SQL

Filters