What Is the Term for the Practice of Gathering Data

question 95

Multiple Choice

What is the term for the practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including such entities as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems.

• A) Data governance
• B) Master data management
• C) Data validation
• D) Data gap analysis

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Definitions:

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Accounting Principles

Fundamental guidelines or rules that govern the field of accounting and prescribe how financial transactions should be recorded and reported.

SEC Filings

Documents that publicly traded companies are required to submit to the U.S. Securities and Exchange Commission, providing comprehensive details about the company's financial performance and operations.

Revenue Recognition

An accounting principle that determines the specific conditions under which income becomes recognized as revenue.