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Objective 2 1) An accounting system must now be capable of capturing data and providing sustainability information for decision making and performance evaluation. 2) Sustainability requires corporations to consider the long view of decisions, actions, and consequences. 3) Sustainability accounting does not impact people inside the organization. 4) Hardware selection decisions could impact.
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11) ________ is designed for midsize businesses wanting an integrated enterprise system. 12) ________ is designed for small and midsize businesses seeking an integrated solution that goes beyond accounting-only software. 13) SAP Business All-in-One for midsize companies uses a ________ with traffic light alerts to track the order status from order placement,.
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Objective 4 1) Shadow data can exist in tools other that spreadsheets, such as user-developed databases. 2) Data storage for shadow data is kept in a centralized location in an organization. 3) Software called ________ translates data analysis query commands into commands that are compatible with RDBMS commands. 4) The ODBC as a ________.
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11) ________ data can easily be stored and retrieved using a database. 12) ________ uses electronic tags for data, both quantitative and qualitative. 13) For many corporations, decisions in the short term produce A) Above average profits B) Below average profits C) Extraordinary profits D) Average profits 14) Sustainability accounting collects information for which two general.
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21) The integrated enterprise system offers a business process management system by combining all the following except A) Change management B) Automated workflow C) Internet technologies D) Automated business processes 22) Each time the same data is entered into a computer system A) The risk of errors increases B) The data becomes more reliable C) The more likely.
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Objective 4 1) Sustainability reports are used by investors, consumers, society, and others to evaluate a firm's performance in terms of profit, loss, and the ability to continue as a corporation. 2) The ISO 14000 Environmental Management framework provides specific levels of environmental performance for an organization. 3) The ability to tag qualitative.
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11) XBRL is a programming language that includes ________, data about data. 12) XBRL provides the capability to have a ________ for each amount or fact appearing in a financial report. 13) You can think of the XBRL tags as ________ keys for data contained in financial reports. 14) Which programming.
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Objective 3 1) Which country does not use XBRL for financial reporting? A) Israel B) Luxembourg C) Spain D) Peru 2) How is XBRL being used in Asia? 3) How is XBRL being used in Europe? 4) How is XBRL being used in the Americas? Objective 4 1) XBRL converts unstructured data into structured data, automating data exchange by making.
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Objective 3 1) Sustainability recognizes the interdependencies of economic, social, and environmental factors in creating value. 2) Biomimicry is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies. 3) Sustainability, a new approach to decision making, shifts the decision focus from minimizing risk to creating value. 4) Integrating sustainability into.
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11) Integrated enterprise systems provide an opportunity to use the shared data to create ________. 12) Which statement is not true about a stand-alone system? A) Stand-alone systems in the same company share the same database. B) Each department in the enterprise has a system that meets their individual needs. C) Data is not.
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Objective 1 1) Initiatives for sustainability accounting do not impact the accounting system and IT requirements. 2) Enterprises and society have discovered that focusing only on bottom line profit can lead to dysfunctional results both for corporations and for society. 3) Short-term results that might appear favorable for all three bottom lines might.
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14) A decision model A) Streamlines the data collection process B) Reveals the interdependencies of economic, social, and environmental factors in creating value C) Guarantees a corporation is making the right decision D) Makes the decision process overly complex 15) True sustainability focuses on creating A) Short-term profits B) Short-term value C) Long-term value D) A and B 16) How.
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11) Which of the following is considered a disadvantage of shadow data? A) Spreadsheets are outside the formal data systems under IT control. B) An accounting professional can develop the spreadsheet solution when needed. C) Spreadsheets have extensive analytic features. D) Spreadsheets offer reporting features that do not require custom programming. 12) Standardizing spreadsheets to.
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11) ________ systems provided information for routine, operational decisions. 12) Business intelligence answers questions such as A) What products did customers buy last week? B) What products did customers buy today? C) What products will customers will buy next year? D) What products did customers buy last years? 13) Which business intelligence tool is more likely.
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Objective 1 1) All publicly traded companies are required to use XBRL for SEC filings by June 2011. 2) Credit rating agencies must use XBRL for reporting all ratings beginning in August 2009. 3) XML is a programming language also used for Web site development that is static. 4) XBRL provides customization that prohibits.
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11) The ________ is the most widely used approach to sustainability reporting. 12) The two criteria to evaluate frameworks for reporting and evaluating sustainability performance are ________. 13) The success of a framework or model is often based upon not perfection, but ________. 14) In order to be effective, the sustainability report.
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Objective 4 1) Integrated enterprise systems, such as SAP, are able to integrate with customer systems to share data with customers. 2) SAP software is used around the globe by large companies to integrate supply chain, operations, sales, human resources, and accounting functions. 3) SAP uses a navigation pane with tabs that correspond.
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Objective 2 1) An IDM spreadsheet template includes both quantitative (financial) and qualitative (non-financial) analysis. 2) As the business environment becomes more complex and diverse, more factors must be considered when making decisions. 3) The process of integrating financial and non-financial factors into the decision process can lessen the quality of the decision. 4).
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Objective 3 1) Each tier of the three-tier architecture has unique security and control requirements. 2) The firewall program is like a communication policeman monitoring traffic to and from the servers, preventing unauthorized access. 3) Typically, firewalls are not constructed between each tier of the three-tier architecture. 4) In three-tier architecture, the database tier.
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Objective 1 1) Large-scale enterprise systems, such as SAP, make it possible for enterprises to integrate and share data, including accounting data, throughout the organization. 2) Technological advances in the past 15 to 20 years make it very difficult to integrate the accounting system with other systems. 3) Silo systems were usually built.
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11) A ________ graphically represents BI, allowing the user to manipulate data and view the resulting changes. 12) Business intelligence technologies reside under the control of the ________ providing the opportunity for standardization of controls to secure the system. 13) Business intelligence technologies are A) Just another form of unsecured shadow data B) Are.
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24) Create/draw the sustainability IDa (Integrated Decision analysis) model. 25) What is the difference between the IDM and IDa models? 26) How does the IDa model integrate sustainability into decision making? 27) Explain three approaches for storing qualitative data in a database. Provide an example of each. .
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Objective 3 1) Business intelligence technologies are typically under the control of the enterprise's IT professionals. 2) A data warehouse is a large database that serves as a central location for aggregating and storing an enterprise's data. 3) ________ is used when data is stored in spreadsheets and other tools that shadow the.
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11) Which tier below is not considered part of the integrated enterprise system architecture? A) Firewall tier B) User tier C) Database tier D) Application tier 12) The most important function of a firewall is A) Connect the three tiers within the integrated enterprise system B) Prevent unauthorized access to data C) Monitor network traffic to and from.
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Objective 5 1) Business Intelligence Technologies are a type of advanced data analytics used to support business decision making. 2) BI technologies store in a data warehouse that uses the relational database structure. 3) The dimension tables in a star database are dimensions of the database, such as time dimension, product information, sales.
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Adjusting Entries DFD 4) What DFD level is the Adjusting Entries DFD? A) Level-0 B) Level-1 C) Level-2 D) Level-3 5) Who are the agents in the Adjusting Entries DFD? A) General Ledger and Employee B) Adjustments and General Ledger C) Accountant and Employee D) Trial Balance and Adjusted Trial Balance 6) What are the names of the datastores in the.
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27) What is spaghetti code and why is/was it used? 28) What is a local area network (LAN)? 29) What is a client server architecture? 30) Why did many companies install new integrated enterprise systems at the turn of the millennium? 31) Provide an example of how the integrated enterprise system technology permits data.
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Objective 2 1) The use of XBRL for financial reporting permits the SEC to review a fewer number of filings in detail. 2) Beginning in 2009, the SEC mandated the use of XBRL for SEC filings for A) Selected large publicly held companies B) All privately held companies C) Selected large privately held companies D).
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Objective 2 1) One of the challenges of implementing an integrated enterprise system is staying on time and on budget. 2) Overestimating implementation costs is a leading cause of project failures. 3) One reason an ERP might fail is A) The cost was over estimated B) The system exceeds user expectations C) Top management champions the.
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Objective 5 1) In XBRL integrated tagging, data for reports is retrieved from the database, reports are prepared, and electronic tags are added to create XBRL reports. 2) XBRL bolt-on tagging permits companies to make more extensive use of XBRL for internal decision making. 3) The data stored in a relational database.
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Objective 1 1) Data is transformed into information (meaningful data) when the data is processed and organized in a systematic manner. 2) Intelligence involves the ability to see meaningful interrelationships and glean insights. 3) Business intelligence can be used to answer questions such as "What products did customers purchase last year?" 4) Strategic decisions.
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Match the XBRL essential to the appropriate definition. A) Defines relationships between data B) Defines which elements are related to a particular taxonomy C) Identifies the specific amounts for a taxonomy at one instance D) Relates to data and metadata E) A dictionary that defines the XBRL tags used for specific data items 24) Taxonomy 25) Instance.
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21) What does sustainability accounting involve and what is the purpose? 22) How does sustainability accounting impact people? 23) What are the three keys to sustainability? 24) You are a staff accountant in the purchasing cycle group at Acme Widgets. Acme manufactures widgets from various metals and has manufacturing plants around the world..
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22) Which sustainability reporting framework focuses on providing guidance to organizations in creating an environmental management system (EMS)? A) ISO 14000 Environmental Management B) EMAS European Union C) Sigma Guidelines D) Global Reporting Initiative (GRI) 23) Which sustainability reporting framework was a joint undertaking of the British Standards Institution, Forum for the Future, AccountAbility, and.
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11) The XBRL linkbase ________ link defines basic validation rules. For example, assets equal liabilities plus stockholders' equity. 12) The XBRL linkbase ________ link defines the relationships between the elements and the external regulations or standards. 13) The XBRL linkdase ________ link defines different kinds of relationships between elements. For example,.
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