Chapter 9 Key Terms

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Zusammenfassung der Ressource

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Assurance Independent, Professional opinions reduce the risk of having incorrect information.
Business Intelligence A computer-based technique for accumulating and analyzing data from databases and data warehouses to support managerial decision-making.
Data Mart A subset of the information from the data warehouse serves a specific purpose.
Data Mining A process of using sophisticated statistical techniques to extract and analyze data from extensive data to discern patterns and trends that were not previously known
Data Warehouse A collection of information gathered from various external and operational (i.e., internal) databases to facilitate decision-making and business analysis reporting.
Decision Support System A computer-based information system that facilitates business decision-making activities.
Digital Dashboard A display to track the firm’s process, performance indicators, or metrics to monitor critical performance.
XBRL (Extensible Business Reporting Language) An open, global standard for exchanging financial reporting information.
XBRL Global Ledger Taxonomy (XBRL GL) Serves as a ledger using the XBRL standard for internal purposes.
XBRL instance document A document containing 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 (e.g., total assets, accounts payable, net income, etc.).
XML (Extensible Markup Language) Open, a global standard for exchanging information in a human- and machine-readable format.
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