GLS Database and General Ledger Accounting Quiz

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Questions and Answers

What is one advantage of using XML in database technology?

  • Facilitates immediate update and reconciliation of information
  • Supports hypertext links to other documents on the Web
  • Allows for the creation of markup languages in relational form (correct)
  • Enables detailed journal voucher listings and account activity reports

Which language is used to standardize methods for preparing, publishing, and exchanging financial information like financial statements?

  • Sarbanes-Oxley
  • HTML
  • XML
  • XBRL (correct)

What is the role of the G/L department in accounting records?

  • Limits database access to authorized individuals
  • Creates markup languages for relational databases
  • Manages hypertext links in accounting reports
  • Reconciles journal vouchers and summaries (correct)

What is the primary function of the general ledger change report?

<p>Describes the effects of journal voucher postings on G/L accounts (C)</p> Signup and view all the answers

How does XBRL speed up the process of reporting financial information?

<p>By allowing consumers to import documents into analysis tools (C)</p> Signup and view all the answers

What does HTML primarily define in the context of web pages?

<p>Format used to produce web pages (C)</p> Signup and view all the answers

What is the purpose of the general ledger history file?

<p>To provide comparative financial support (D)</p> Signup and view all the answers

Which of the following is considered a potential risk in the GL/FRS system?

<p>Unauthorized access to the G/L (C)</p> Signup and view all the answers

What control issue is related to segregation of duties in the GL/FRS system?

<p>G/L clerks should not prepare journal vouchers (B)</p> Signup and view all the answers

Which report would provide an analysis of sales in the GLS Reports section?

<p>Listing of transactions (A)</p> Signup and view all the answers

What is the purpose of the budget master file in the GLS Database?

<p>To store budget data by responsibility centers (B)</p> Signup and view all the answers

Which risk is associated with lost or damaged data in the GL/FRS system?

<p>Account balances become incorrect (C)</p> Signup and view all the answers

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