39915944
Description
Flashcards by Richard Kramer, updated 3 months ago
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Created by Richard Kramer
3 months ago
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| Question | Answer |
| Assurance | Independent, professional opinions that 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 lake | Repository for a large amount of both structured and unstructured data (internal and external) to be integrated for reporting and data analysis |
| Data mart | A subset of the information from the data warehouse to serve a specific purpose |
| Data mining | Process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known |
| Data warehouse | Collection of information gathered from an assortment of external and operational (i.e., internal) databases to facilitate reporting for decision making 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 |
| Distributed computing | The storage of data across multiple databases, allowing greater storage of data and increased speed of analysis |
| Online Analytical Processing (OLAP) | A means of processing transactional and structured data, even when the data originate from disparate databases or external databases. OLAP tools are often used to access data stored in a data warehouse |
| 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, global standard for exchanging information in a format that is both human- and machine-readable |
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