From an Accountant's Perspective, One of the Benefits of XBRL

question 42

Multiple Choice

From an accountant's perspective, one of the benefits of XBRL is the ability to focus effort on analysis and value-added work. Value-added work includes such items as

• A)Posting entries from the journal to the ledger
• B)Interpreting financial statement ratios.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences.

Explicit Memory

A type of long-term memory that involves conscious recollection of previous experiences or information.

Cerebellum

A part of the brain at the back of the skull in vertebrates, which coordinates and regulates muscular activity.

Hippocampus

A structure within the brain critical for the formation of new memories and associated with learning and emotions.