Flashcards
Bus 342 Key Terms Ch 14
Cards in this deck (17)
- 1AssuranceIndependent, professional opinions that reduce the risk of having incorrect information
- 2Business intelligenceA computer-based technique for accumulating and analyzing data from databases and data warehouses to support managerial decision making
- 3Data lakeRepository for a large amount of both structured and unstructured data (internal and external) to be integrated for reporting and data analysis
- 4Data martA subset of the information from the data warehouse to serve a specific purpose
- 5Data miningProcess of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known
- 6Data warehouseCollection of information gathered from an assortment of external and operational (i.e., internal) databases to facilitate reporting for decision making and business analysis
- 7Decision support system (DSS)A computer-based information system that facilitates business decision-making activities
- 8Digital dashboardA display to track the firm’s process or performance indicators or metrics to monitor critical performance
- 9Distributed computingThe storage of data across multiple databases, allowing greater storage of data and increased speed of analysis
- 10Online 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
- 11XBRL (eXtensible Business Reporting Language)An open, global standard for exchanging financial reporting information
- 12XBRL Global Ledger Taxonomy (XBRL GL)Serves as a ledger using the XBRL standard for internal purposes
- 13XBRL instance documentA document containing XBRL elements
- 14XBRL specificationProvides the underlying technical details of what XBRL is and how it works
- 15XBRL style sheetAdds presentation elements to XBRL instance documents to make them readable by people
- 16XBRL taxonomyDefines and describes each key data element (e.g., total assets, accounts payable, net income, etc.)
- 17XML (Extensible Markup Language)Open, global standard for exchanging information in a format that is both human- and machine-readable
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- Key terms for Accounting Information systems chapter 14
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- Richard Kramer
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