Intermediate Accounting 3 Quiz

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Questions and Answers

What is the main focus of Intermediate Accounting 3 at Bulacan Polytechnic College?

  • Preparing basic financial statements
  • Calculating statistical measures
  • Accounting for complex business transactions (correct)
  • Analyzing macroeconomic trends

What is a key learning outcome of the Bachelor of Science in Accounting Information System program at Bulacan Polytechnic College?

  • Understanding global political systems
  • Being a morally straight professional (correct)
  • Possessing basic computer skills
  • Mastering advanced calculus

What do students learn to compute in Intermediate Accounting 3 at Bulacan Polytechnic College?

  • Macroeconomic indicators
  • Derivatives
  • Earnings per share (correct)
  • Interest rates

What is a general learning outcome of the Bachelor of Science in Accounting Information System program at Bulacan Polytechnic College?

<p>Demonstrated thorough knowledge on the vision, mission, goals and objectives of the BPC and of the BSAIS Program (A)</p> Signup and view all the answers

What is a key topic studied in Intermediate Accounting 3 at Bulacan Polytechnic College?

<p>Leases (B)</p> Signup and view all the answers

What is a subset of a data warehouse, specially designed for a particular line of business?

<p>Data Mart</p> Signup and view all the answers

What is the first step in turning data into analytics?

<p>Data extraction</p> Signup and view all the answers

Can data extraction take place outside of ETL processes?

<p>YES</p> Signup and view all the answers

What is the focus of cloud-based data extraction tools?

<p>Real-time extraction of data</p> Signup and view all the answers

What type of metrics include sales numbers, purchasing cost, and operating margins?

<p>Financial data</p> Signup and view all the answers

What is a benefit of using a data extraction tool?

<p>Increased agility</p> Signup and view all the answers

Flashcards

Focus of Intermediate Accounting 3

Accounting for complex business transactions

Key learning outcome of BSAIS

Being a morally straight professional

What students compute in Inter Acc 3

Earnings per share

General outcome of BSAIS

Demonstrated thorough knowledge on the vision, mission, goals and objectives of the BPC and of the BSAIS Program

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Key topic in Intermediate Accounting 3

Leases

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Subset of a data warehouse

Data Mart

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First step for data analytics

Data extraction

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Focus of cloud extraction tools

Real-time extraction of data

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Metrics examples

Financial data

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Benefit of data extraction tool

Increased agility

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Study Notes

Bachelor of Science in Accounting Information System

  • The Bachelor of Science in Accounting Information System program at Bulacan Polytechnic College focuses on developing students' skills in designing, implementing, and maintaining accounting information systems.

Intermediate Accounting 3

  • The main focus of Intermediate Accounting 3 at Bulacan Polytechnic College is on advanced accounting topics and financial reporting.
  • A key learning outcome of Intermediate Accounting 3 is to enable students to compute financial ratios and analyze financial statements.
  • Students learn to compute financial ratios, such as profitability ratios, liquidity ratios, and solvency ratios.
  • A key topic studied in Intermediate Accounting 3 is financial statement analysis.

Data Warehouse and Analytics

  • A data mart is a subset of a data warehouse, specially designed for a particular line of business.
  • The first step in turning data into analytics is data extraction.
  • Data extraction can take place outside of ETL (Extract, Transform, Load) processes.
  • Cloud-based data extraction tools focus on extracting data from various sources and loading it into a central repository for analysis.
  • Business metrics include sales numbers, purchasing cost, and operating margins.
  • A benefit of using a data extraction tool is that it enables users to extract and analyze large datasets quickly and efficiently.

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