A Reporting Application Is a BI Application That Inputs Data

question 78

True/False

A reporting application is a BI application that inputs data from one or more sources and applies reporting operations to that data to produce business intelligence.

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Definitions:

Cash Inflows

The total amount of money being transferred into a business, from sales, investments, or financing activities.

Financial Reporting Practices

Procedures and standards governing how a company's financial health and operations are recorded, summarized, and reported to stakeholders.

Budgeting System

A systematic approach to planning and controlling the financial resources of an organization or individual.

Accrual Accounting

Accounting method that records revenues and expenses when they occur, not necessarily when cash actually changes hands.