AFM341 Study Guide - Final Guide: Xbrl, Data Warehouse, American Airlines

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM341
• Professor: Adeel Mahmood

Document Summary

Xbrl: updated the xbrl specification to the most current version, which of the following best describes the use of xbrl style sheets, style sheets determine which elements may be used when companies submit their. Answer: true performance are compared to budgeted information. Answer: true: since both are regulators, the sec and the irs will likely have similar xbrl style, data warehouses gather information from external databases, but not from internal. If data mining finds a statistical correlation or relationship between two data items, then sheets for the various xbrl filings. there exists a plausible relationship between those two data items in the real world. Answer: false databases: xbrl allows highly disaggregated data so not only is it possible to know the level of. Xbrl greatly payable, net income, etc. ) facilitate efficient communication within a firm: xbrl produces standardized reports and is not customizable. Answer: true enhances the speed and accuracy of business reporting.