Site MapHelpFeedbackOnline Quizzes
Online Quizzes
(See related pages)

1
The "X" in XBRL stands for:
A)Extended
B)Evolving
C)Extensible
D)None of the above
2
Which of the following best describes the relationship between XBRL and XML?
A)XBRL is a specification of XML.
B)XML is a specification of XBRL.
C)XML is an XBRL taxonomy.
D)XML is an instance document created with XBRL.
3
The Internet address that contains definitions of XBRL tags is called:
A)An instance document.
B)A namespace.
C)A taxonomy.
D)None of the above.
4
Because XBRL is ___, it can be modified by virtually anyone.
A)A language.
B)A form of information technology.
C)Open source.
D)None of the above; XBRL cannot be modified.
5
XBRL taxonomies can be classified as:
A)Approved.
B)Acknowledged.
C)Either A or B.
D)Neither A nor B.
6
Jordan was preparing a systems flowchart to explain the process of XBRL tagging to a corporate board of directors. Which of the following symbols should he use to represent selecting a taxonomy?
A)Decision symbol
B)Predefined process symbol
C)Manual process symbol
D)None of the above; selecting a taxonomy is outside the system boundary.
7
Preparing an XBRL instance document is most closely related to which step in the accounting cycle?
A)The second step
B)The fifth step
C)The eighth step
D)The last step
8
RDN Corporation was preparing an enterprise risk management plan in preparation for using XBRL. Which of the following best pairs an element of COSO's ERM framework with an XBRL-related example?
A)Objective setting: Use the correct XBRL taxonomy.
B)Event identification: Use the correct XBRL taxonomy.
C)Risk response: Require internal audit review of instance documents before filing with the SEC.
D)Control activity: Require internal audit review of instance documents before filing with the SEC.
9
Tony is an auditor for a small CPA firm. He asked his supervisor why he should learn about XBRL. Tony said: "I'm very busy, and I'm not altogether certain that I'd be able to comprehend such advanced technology, even if I took time to study it." Which element of expectancy theory is reducing Tony's motivation?
A)expectancy
B)instrumentality
C)valence
D)None of the above
10
MGC Corporation sent its accounting staff to training to learn about XBRL; the cost of the training was $5,000, which represented a material cost to MGC. How should the cost of the training be treated in MGC's accounting information system?
A)It should be capitalized because its cost was material.
B)It should be expensed because its cost was material.
C)It should be capitalized because it will definitely benefit MGC in future periods.
D)It should be expensed because it may or may not benefit MGC in future periods.







Accounting Information SystemsOnline Learning Center

Home > Chapter 9 > Online Quizzes