What is the name of the language for electronic communication of business data that allows companies to report financial informaitn in a sturctured, machine-readable format?

Q: 4. Processing methods a.are the means by which the accounting system collects, summarizes, and…

A: Processing methods may be manual or computerized.

Q: Which of the following refers to financial accounting? Question 9 options: a) Regulations or…

A: Financial accounting is a section of accounting profession which focuses on reporting transactions…

Q: The General Ledger/Financial Reporting System as a vital part of the Accounting Information Systems,…

A: XBRL stands for eXtensible Business Reporting Language. XBRL is a language for the electronic…

Q: 20)Which of the following is the best definition of an internal user of accounting information? A)…

A: Introduction: Accounting: Accounting is a art of recording , classifying , summarizing,and…

Q: GENERAL LEDGER/REPORTING SYSTEM. Please explain how each cycles in the business process/transaction…

A: GL stands for General Ledger or FRS stands for Financial Reporting System is a subsystem of AIS…

Q: QUESTION 18 Financial reports are created and used to evaluate responsible for creating the reports?…

A: In organisation there are functions allocated to each department and each department acts…

Q: Chapter 8 discusses the creation of the Sarbanes Oxley Act of 2002.  The act is commonly known by…

A: The Sarbanes-Oxley Act of 2002 was passed by the U.S. Congress in order to safeguard investors from…

Q: Indicate whether the following statements are true or false. 1.   A computerized accounting…

A:

Q: Accounting information system (AIS) is an integral part of the total management information system…

A: The component of the overall business information system known as the accounting information system…

Q: What are the 2 specific advantages of Accounting Information Systems (AIS) to ease accountants in…

A: Accounting information system is the system which collects, stores, records, summarise and report…

Q: 48) Which of the following statement is not true about analyzing and recording process under…

A: SOURCE DOCUMENTS IS THE ORIGINAL DOCUMENT THAT CONTAINS THE DETAILS OF BUSINESS TRANSACTIONS AND IT…

Q: QUESTION 47 Financial accountants: O a work with govermment lobbyists to push for more favorable…

A: Financial accountant helps in the preparation of the financial statements which shows the position…

Q: Under SSARS the hierarchy in terms of the level of service provided and degree of comfort the…

A: SSARS is an acronym which stands for the statements on standards for accounting and review services,…

Q: What are the four levels of activity in the pyramid representing the business organization ?…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: What is the objective of financial reporting?

A: GIVEN   The objective of financial reporting  is

Q: can you help me with D,E,F,G,and H

A: AIS termed as Accounting information system which refers to the structure that companies report,…

Q: 14. Explain the common forms of Business Organizations and their presentations of financial…

A: Business organization- An entity which is established by person or group of persons to do some…

Q: f you were the Chief Executive of a company/enterprise. How will you integrate business analytics?

A: Business analytics helps the businesses in making the data driven decisions as it provides the whole…

Q: Why does accountants need to learn about the technical aspects of information systems?

A: With the constant advancement in information technology, the accountants too need to have knowledge…

Q: QUESTION 25 One of the reasons that businesses use accounting is it: O a. supplies information that…

A: The accounting record is maintained by a business entity to know the financial condition,…

Q: Business _____ is the systematic process of collecting, interpreting, and presenting numerical data…

A: Given statement  the systematic process of collecting, interpreting, and presenting numerical data…

Q: MULTIPLE CHOICE QUESTIONS:  (A1&D3)      General-purpose financial statements are the product…

A: Answers to the above MCQ are given below with explanation,

Q: QUESTION 53 Within a business, formal communication: O a. involves planned, prepared communication…

A: Formal Communication In business communication is an important channel between the top level of…

Q: Control Objectives for Information and Related Technology, Why is it important to you in your career…

A: Control Objectives for Information and Related Technology provides generic processes for the…