12 Questions
What is one advantage of using XML in database technology?
Allows for the creation of markup languages in relational form
Which language is used to standardize methods for preparing, publishing, and exchanging financial information like financial statements?
XBRL
What is the role of the G/L department in accounting records?
Reconciles journal vouchers and summaries
What is the primary function of the general ledger change report?
Describes the effects of journal voucher postings on G/L accounts
How does XBRL speed up the process of reporting financial information?
By allowing consumers to import documents into analysis tools
What does HTML primarily define in the context of web pages?
Format used to produce web pages
What is the purpose of the general ledger history file?
To provide comparative financial support
Which of the following is considered a potential risk in the GL/FRS system?
Unauthorized access to the G/L
What control issue is related to segregation of duties in the GL/FRS system?
G/L clerks should not prepare journal vouchers
Which report would provide an analysis of sales in the GLS Reports section?
Listing of transactions
What is the purpose of the budget master file in the GLS Database?
To store budget data by responsibility centers
Which risk is associated with lost or damaged data in the GL/FRS system?
Account balances become incorrect
Test your knowledge on GLS database components such as general ledger master file, journal voucher file, and budget master file. Learn about the purposes of different files in accounting systems.
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