What Is Pivot

question 56

Multiple Choice

What is pivot?

• A) Involves the aggregation of information and features simple roll-ups to complex groupings of interrelated information
• B) Rotates data to display alternative presentations of the data
• C) Enables users to get details, and details of details, of information
• D) Finds the inputs necessary to achieve a goal such as a desired level of output

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Definitions:

Fiscal Year

A one-year period that companies use for accounting and financial reporting purposes, which may or may not coincide with the calendar year.

Unexpired Insurance

The portion of an insurance premium that has not yet been used up and is considered a prepaid expense for the company.

Supplies Expense

The cost associated with consumable items or supplies used during a company's operations within an accounting period.

Adjusting Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.