AIS Chapters 8 and 9

Which of the following pieces of data would you expect to find in an event-driven AIS, but not in a view-driven AIS?

Accounts to debit
Accounts to credit
Details about customer preferences for product color
All of these
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Which of the following pieces of data would you expect to find in an event-driven AIS, but not in a view-driven AIS?

Accounts to debit
Accounts to credit
Details about customer preferences for product color
All of these
Details about customer preferences for product color
Information technology controls, such as a password rotation policy, can be used in:

View-driven AIS.
Event-driven AIS.
Both view-driven AIS and event-driven AIS.
Neither view-driven AIS nor event-driven AIS.
Both view-driven AIS and event-driven AIS
Which of the following statements about the REA model is least true?

A purchase of supplies can occur with no purchasing agent involvement.

A purchasing agent may be involved in no purchases of supplies.

Exactly one purchasing agent must be involved in each purchase of supplies.

Purchasing agents and vendors have no relationship outside the context of a "purchase supplies" transaction.
A purchase of supplies can occur with no purchasing agent involvement.
Consider the following REA diagram as you respond to the question: Which of the following is an internal agent in the model?

Vendor
Purchasing agent
Both vendor and purchasing agent
Neither vendor nor purchasing agent
Purchasing agent
Consider the following diagram as you answer the questions:
All of the following will be fields in the "interview finalists" table except:

Employee ID
Applicant ID
Interview date
Interview time
Employee ID
Which of the following junction tables would be included in a relational database of the model?

employee/interview finalists
employee/hire applicant
Both employee/interview finalists and employee/hire applicant
Neither employee/interview finalists nor employee/hire applicant
need right answer
NOT Both employee/interview finalists and employee/hire applicant
Which of the following statements about database tables and REA models is most true?

Every box in a REA model requires the creation of exactly one table.

Cardinalities help ensure that database tables are in third normal form.

Both every box in a REA model requires the creation of exactly one table and cardinalities help ensure that database tables are in third normal form are true.

Neither every box in a REA model requires the creation of exactly one table nor cardinalities help ensure that database tables are in third normal form is true.
Cardinalities help ensure that database tables are in third normal form.
The text discussed five terms related to the structure of XBRL. Which of the following pairs of items includes two examples of the same term?

Balance sheet, Form 10-K

Global Ledger, International Financial Reporting

Both balance sheet, Form 10-K and global Ledger, International Financial Reporting

Neither balance sheet, Form 10-K nor global Ledger, International Financial Reporting
Both balance sheet, Form 10-K and global Ledger, International Financial Reporting
Which of the following statements about XBRL is most true?

Because it is extensible, companies can create new specifications that reside in an Internet namespace.

Because it is organized in taxonomies, it is extensible.

Because it is extensible, companies can create tags that are used in instance documents, as long as they are defined in a namespace.

All of these statements are true.
Because it is extensible, companies can create tags that are used in instance documents, as long as they are defined in a namespace.
XBRL is organized in taxonomies. All of the following are XBRL taxonomies except:

US Country Taxonomy 2009
IFRS-GP
XML taxonomy
XBRL-GL
XML taxonomy
Organizations can benefit from XBRL by obtaining quicker responses from counterparties. Examples of counterparties include: The SEC. Lenders. Both the SEC and lenders. Neither the SEC nor lenders.Both the SEC and lenders.XBRL allows organizations to simplify the process and reduce the costs involved in regulatory reporting to agencies such as: The IRS. The SEC. Both the IRS and the SEC. Neither the IRS nor the SEC.Both the IRS and the SEC.Bumble Beasley commented: "I understand the benefits of XBRL, but tagging all our company's journal entries and financial statements is too much work." Which of the following is the best response to Bumble's comment? XBRL cannot be used to tag journal entries. The tagging process can be automated. Both XBRL cannot be used to tag journal entries and the tagging process can be automated. Neither XBRL cannot be used to tag journal entries nor the tagging process can be automated.The tagging process can be automated.Examples of XBRL tagging software include: Internet Explorer PowerPoint Both Internet Explorer and PowerPoint Neither Internet Explorer nor PowerPointNeither Internet Explorer nor PowerPointAs a form of internal control for XBRL, periodic user training best addresses the risk of: Tagging errors. Data lost in transmission. Both tagging errors and data lost in transmission. Neither tagging errors nor data lost in transmission.need right answer NOT Both tagging errors and data lost in transmission.View-driven AIS are designed to support a particular way of looking at the data they contain. Which of the following is not a view commonly supported by a view-driven AIS? Balance sheet Income statement Statement of shareholders' equity Budget variance reportBudget variance reportConsider the following diagram as you answer the questions: The most appropriate label for "B" is: perform initial screening record receipt of application materials either perform initial screening or record receipt of application materials some other labelperform initial screeningConsider the following diagram as you answer the questions: The smallest number of interviews an applicant may have is: zero one many not determinable based on the model.zeroA REA model includes "send order" as an event and "customer" as an agent. Which of the following is most true? The primary key from the "send order" table should be included in the "customer" table. The primary key from the "customer" table should be included in the "send order" table. Both the primary key from the "send order" table should be included in the "customer" table and the primary key from the "customer" table should be included in the "send order" table Neither the primary key from the "send order" table should be included in the "customer" table nor the primary key from the "customer" table should be included in the "send order" tableThe primary key from the "customer" table should be included in the "send order" table.ABC Corporation, a US manufacturer, files its 10-K annual report with the SEC using XBRL. Being a US manufacturer tells ABC which ___ to use; the 10-K is a(n) ___. Taxonomy; instance document Taxonomy; specification Specification; instance document Specification; taxonomyTaxonomy; instance documentThe text discussed five terms related to the structure of XBRL. Which of the following pairs of items includes two examples of the same term? XML, XBRL Global Ledger, <documentType>invoice</documentType> Global Ledger, XBRL None of theseNone of theseBecause XBRL is an "open source" information technology tool, companies can: Add tags as necessary. Choose which tagging software they will use. Both add tags as necessary and choose which tagging software they will use. Neither add tags as necessary nor choose which tagging software they will use.Neither add tags as necessary nor choose which tagging software they will use.From an accountant's perspective, one of the benefits of XBRL is the ability to focus effort on analysis and value-added work. Value-added work includes such items as Posting entries from the journal to the ledger. Interpreting financial statement ratios. Both posting entries from the journal to the ledger and interpreting financial statement ratios. Neither posting entries from the journal to the ledger nor interpreting financial statement ratios.Interpreting financial statement ratios.In connection with spreadsheets, Rivet Software and Ez-XBRL are best used for which of the following tasks? Creating XBRL instance documents. Preparing presentations on XBRL. Both creating XBRL instance documents and preparing presentations on XBRL. Neither creating XBRL instance documents nor preparing presentations on XBRL.Creating XBRL instance documents.Internal control risks associated with XBRL include: Compromised data. Tagging errors. Both compromised data and tagging errors. Neither compromised data nor tagging errorsBoth compromised data and tagging errors.