AIS Ch14: General Ledger and Reporting System
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12 terms
Terms | Definitions |
|---|---|
 journal voucher | form documenting journal entries updated to the general ledger; shows the individual journal entries used to update the general ledger |
| trial balance | report that lists the balances for all general ledger accounts |
| responsibility accounting | reporting financial results on the basis of managerial responsibilities within an organization; correlated reports that break down the organization's overall performance by specific subunits |
| XBRL | eXtensible Business Reporting Language; variant of XML that is used to communicate the content of financial data |
| general journal listing | report that shows the details of each entry posted to the general ledger; indicates if the total debits equal the total credits posted to the general ledger |
| audit trail | depicts the path of a transaction through the accounting system; traces all changes made to the general ledger |
| balanced scorecard | report that provides a multidimensional perspective of organizational performance reflecting 4 perspectives: financial, customer, internal operations, and innovation and learning |
| data warehouse | contains both detailed and summarized data for a number of years and it used for analysis rather than transaction processing |
| data marts | smaller warehouses |
| business intelligence | process of accessing data contained in a data warehouse and using it for strategic decision making |
| online analytical processing (OLAP) | using queries in which the user guides the investigation of hypothesized relationships in the data |
| data mining | using sophisticated statistical analysis to "discover" unhypothesized relationships in the data |
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