XBRL is used when business information is exchanged in XML format.
Select one:
True
False
Question 5
Complete
Mark 1.00 out of 1.00
The HR MIS does not only focus on reducing cost, but also endeavors to
develop employees to their full potential and to empower them to contribute to
the achievement of organisational goals. The following examples of uses of HR
MIS reports does NOT include
1. absence management.
2. payroll administration.
3. employer bene t administration.
4. training and skills tracking.
Question 6
Complete
Mark 1.00 out of 1.00
A nancial transaction is a business activity. It generates or modi es an
accounting transaction and can usually be expressed in monetary terms.
Select one:
True
False
Question 7
Complete
Mark 1.00 out of 1.00
Enterprise resource planning, databases and data warehouse are internal
sources of MIS inputs
A weekly sales report is an example of a __________ report.
1. drill-down
2. scheduled
3. demand
4. exception
Question 9
Complete
Mark 1.00 out of 1.00
The business world has been revolutionised by Extensible Business Reporting
Language (XBRL) in terms of nancial reporting. An advantage of this is
that__________.
1. all transaction processing systems (TPS) can export to XBRL
2. XBRL has been designed in such a way that speci cations meet the
requirements of US GAAP and IFRS
3. since XBRL is a fairly old concept, all users or accountants are familiar
with it yet, resulting in minimum errors
4. XBRL data is not available all the time, preventing potential for security
breaches
Question 10
Complete
Mark 1.00 out of 1.00
Which one of the following is an advantage of Extensible Business Reporting
Language (XBRL)?
1. Using XBRL results in savings on auditing costs.
2. XBRL data is available all the time
3. Information is transferred to and from different nancial information
systems electronically on a regular basis.
For a MIS to be able to function and provide valuable information for decision
making, it needs data input. Data is mainly obtained from ____________ , but can
also be obtained from external sources?
1. internal sources
2. exceptional sources
3. reporting sources
4. scheduled sources
Question 12
Complete
Mark 0.00 out of 1.00
A nancial MIS integrates nancial and operational information from various
sources into one system. Which of the following is NOT an example of a use of
a nancial MIS report?
1.
Summaries of cash- ow information
2.
Warehouse management
3. Payment summaries
4.
Reporting on exceptions and deviations
Question 13
Complete
Mark 1.00 out of 1.00
Which of the following types of output are not typically generated by MISs?
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