XBRL allows organizations to focus effort on analysis, forecasting and decision making.Which of the following includes one example of each of those tasks?
A) Interpreting financial statement ratios, preparing a sales budget, raising or lowering prices
B) Preparing a sales budget, forecasting future risks using the COSO framework, adopting new internal controls
C) Interpreting financial statement ratios, forecasting future risks using the COSO framework, raising sales prices
D) Preparing a sales budget, lowering sales prices, creating a systems flowchart
Correct Answer:
Verified
Q35: XBRL allows organizations to simplify the process
Q36: Tagging software is used to prepare XBRL:
A)Instance
Q37: Consider the following flowchart symbols as you
Q38: Benefits of XBRL include:
A)Achieving quicker and more
Q39: From an accountant's perspective, one of the
Q41: Consider the table below as you answer
Q42: COSO published two integrated frameworks to assist
Q43: Consider the table below as you answer
Q44: Consider the table below as you answer
Q45: Consider the table below as you answer
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