39904037
Description
Flashcards by Susan Esch, updated 3 months ago
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Created by Susan Esch
3 months ago
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| Question | Answer |
| assurance | Independent, professional opinions that reduce the risk of having incorrect information. |
| business intelligence | A computer-based technique for accumulating and analyzing data from databases and data warehouses to support managerial decision making. |
| data lake | A repository for a large amount of both structured and unstructured data (internal and external) to be integrated for reporting and data analysis. |
| data mart | A subset of the information from the data warehouse to serve a specific purpose. |
| data mining | A process of using sophisticated statistical techniques to extract and analyze data from large databases to discern patterns and trends that were not previously known. |
| data warehouse | A collection of information gathered from an assortment of external and operational (i.e., internal) databases to facilitate reporting for decision making and business analysis. |
| decision support system (DSS) | A computer-based information system that facilitates business decision-making activities. |
| digital dashboard | A display to track the firm’s process or performance indicators or metrics to monitor critical performance. |
| distributed computing | The storage of data across multiple databases, allowing greater storage of data and increased speed of analysis. |
| Online 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. |
| XBRL (eXtensible Business Reporting Language) | An open, global standard for exchanging financial reporting information. |
| XBRL Global Ledger Taxonomy (XBRL GL) | Serves as a ledger using the XBRL standard for internal purposes. |
| XBRL instance document | A document containing XBRL elements. |
| XBRL specification | Provides the underlying technical details of what XBRL is and how it works. |
| XBRL style sheet | Adds presentation elements to XBRL instance documents to make them readable by people. |
| XBRL taxonomy | Defines and describes each key data element (e.g., total assets, accounts payable, net income, etc.). |
| XML (Extensible Markup Language) | Open, global standard for exchanging information in a format that is both human- and machine-readable. |
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