Which of the following technologies can be used in the general ledger and financial reporting cycle?
A)ERP and XBRL
B)ERP and CAD
C)RFID and XBRL
D)CAD and RFID

Question

Quizplus · Accepted Answer

ERP (Enterprise Resource Planning) and XBRL (eXtensible Business Reporting Language) are commonly used technologies in the general ledger and financial reporting cycle. ERP systems are used to manage financial data and automate financial processes, while XBRL is a standardized language used to tag financial data for easier and more accurate reporting. CAD (Computer-Aided Design) and RFID (Radio Frequency Identification) are not typically used in this cycle.

Which of the Following Technologies Can Be Used in the General