Financial & Accounting System – Test 3

This is perhaps the only module, which exchange very few information with other modules.

Which is not an Importance of XBRL?

Part of software which interacts with user :

Which are two limitations of Non-integrated system :

Different types of procurement processes are managed with this system :

Who is concerned to solve customer’s issue about answer of their question?

Which is not a type of Data Analytics.

________ is a freely available & global standard exchanging business information

Compliance and regulatory requirements applicable to all irrespective of anything

Basic Objective of Accounting system :

Part of software which process data and generate report :

ERP stands for :

___________ is a prescribed sequence of work steps performed to produce a desired result for organization.

_________ involves following activities :
i) Evaluation of Requisition, ii) Asking for Quotation, iii) Purchase Order, iv) Payment to vendor

Which is a type of Data Analytics.

XBRL is used around the world, in more than ______ Countries.

It can speak both languages, User’s language and technical language :

Overall business management system that caters need of all people connected with organization :

Define correct sequence of Business Process Flow :
i) Journal, ii) Trial Balance, iii) Ledger, iv) Financial Statement, v) Source Document

This approach of data analytics is more interpretive and it focuses on understanding content of Non-numerical data.

Which is not the benefit of XBRL ?

Which is not an approach for making compliance requiring accounting.
i) Using same software for Accounting & Tax, ii) Using Same Software For Accounting & Audit
iii) Using Different Software for Accounting & Tax, iv) Using Different software for Accounting & Audit

Contra voucher is used for :

It is for storing and handling Data :

There are _______ different nature and types of businesses that are operated with purpose of earning profit.

How many criteria are required in MIS reporting to make information useful :

Arrange the correct sequence of data analytics :
i) Information, ii) Intelligence Decision, iii) Knowledge, iv) Data, v) Intelligence and vision

_______________ is the process by which any financial data is marked with most appropriate element in an accounting taxonomy

All tax compliance today is through :

Which is not the specialty of Voucher number?