Most Accounting Information Systems Comprise Five Generic Elements

question 59

Multiple Choice

Most accounting information systems comprise five generic elements.As a tool for preparing financial statements, XBRL is most closely associated with:

• A)Processing
• B)Input
• C)Output
• D)Storage

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Definitions:

Arbitration Awards

Decisions made by arbitrators in a dispute resolution process, which are typically binding on all parties involved.

Collective Bargaining

The act of discussing and coming to mutual decisions between workers and management on employment terms.

Labor Law Reform

Changes or amendments made to the legislation governing the rights and obligations of workers and employers.

Stalinist System

A political system characterized by centralized control, authoritarian leadership, and strict government regulation of society and the economy, similar to the regime of Joseph Stalin in the Soviet Union.