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XBRL Allows Organizations to Focus Effort on Analysis, Forecasting and Decision

Question 40

Multiple Choice

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

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