From an accountant's perspective, one of the benefits of XBRL is the ability to focus effort on analysis and value-added work. Value-added work includes such items as
A) Posting entries from the journal to the ledger
B) Interpreting financial statement ratios.
C) Both A and B.
D) Neither A nor B.
Correct Answer:
Verified
Q35: XBRL allows organizations to simplify the process
Q36: Examples of XBRL tagging software include:
A)Rivet
B)PowerPoint
C)Internet Explorer
D)All
Q37: XBRL allows organizations to save costs by
Q38: Organizations can benefit from XBRL by obtaining
Q39: The text discussed five terms related to
Q41: Internal controls have four fundamental purposes. Which
Q42: As a form of internal control for
Q44: XBRL creates risk exposures for organizations that
Q45: The chapter discussed five key terms related
Q53: As a form of internal control to
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