Identify and Describe Three Basic Operations Used to Extract Useful

question 30

Essay

Identify and describe three basic operations used to extract useful sets of data from a relational database.

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Definitions:

Operating Profits

Income earned from a firm's core business operations, excluding deductions of interest and taxes.

IFRS 8

Refers to the International Financial Reporting Standard dealing with operating segments, requiring particular ways of financial reporting by segment to enhance transparency and comparability.

Reportable Segment Revenues

The revenues generated by each distinguishable segment of a company, as required to be disclosed in financial statements under certain accounting standards.

Revenue Test

An accounting principle used to determine when revenue should be recognized in the financial statements, typically requiring that revenue is earned and measurable.