How would the XBRL style sheets be different for financial analysts as compared to the Internal Revenue Service?
What will be an ideal response?
Answers will vary! A potential solution might include of the different roles of the IRS and financial analysts. The IRS is primarily interested in whether firms are paying sufficient taxes. Financial analysts are interested in earnings prediction and stock market valuation which often requires very different information; hence, a very different style sheet.
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Which of the following generally is considered a limitation of the balance sheet?
a. The balance sheet reflects the current value of a business. b. The balance sheet reflects the instability of the dollar. c. Balance sheet formats and classifications do not vary to reflect industry differences. d. Due to measurement problems, some enterprise resources and obligations are not reported on the balance sheet.
In terms of system thinking, what is process?
A. Controls to ensure correct processes. B. The resulting information from the computer program. C. The computer program that processes the data. D. Data entered in a computer.
As a result of the changing demographics in your area, your company has decided to hire those previously declared "unemployable." Your task is to educate these people to do the job. Which of the following questions will help you MOST in solving the problem?
a. Has this education program been successful in other corporations? b. What type of skills do these new employees need to do their jobs? c. How do we know this program will work? d. Why will this program assist with our shortage of employees?
Identify a true statement about the legal requirements governing electronic messages.?
A) ?A copy of an electronic message cannot be produced as verification in the courts. B) ?Inability to locate emails and other relevant documents cannot be considered negligence. C) ?Evidence produced by companies in the form of an email is considered invalid by the courts. D) ?Destroying email messages in violation of securities rules is a sure path to destruction.