Chapter 9 Key Terms

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Chapter 9 Key Terms
Mackenzie Burch
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assurance Independent and professional opinions that reduce the risk of having incorrect information.
business intelligence A computer-based technique for accumulating the analyzing data from databases and data warehouses in order to support managerial decision-making.
data mart A subset of the information from the data warehouse that serves a specific purpose.
data mining A process of using sophisticated statistics to extract and analyze data from large databases to discern patterns and trends previously unknown.
data warehouse A collection of information that is gathered from an assortment of external and operational databases to facilitate reporting for both decisions and business analysis.
decision support system (DSS) A computer-based information system that facilitates business decision-making activities.
digital dashboard A display to track the firm's process or performance indicators or metrics to monitor critical performance.
XBRL (eXtensible Business Reporting Language) An open and global standard for exchanging financial reporting information.
XBRL Global Ledger Taxonomy (XBRL GL) Serves as a ledger that uses the XBRL standard for internal purposes.
XBRL instance document A document that contains XBRL elements.
XBRL specification Provides the underlying technical details of what XBRL is and how it works.
XBRL style sheet Adds presentation elements to XBRL instance documents to make them readable by people.
XBRL taxonomy Defines and describes each key data element in XBRL.
XML (Extensible Markup Language) An open and global standard for exchanging information in a format that is readable for both humans and machines.
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