Reports That Are Prepared in Response to Data Entered by Users

question 21

Multiple Choice

Reports that are prepared in response to data entered by users are termed ________.

• A)query reports
• B)static reports
• C)dynamic reports
• D)online analytical processing(OLAP)reports

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Definitions:

Financial Reporting

Generating financial statements that provide insight into an organization's economic status to its overseers, stakeholders, and governmental authorities.

Accounting Period

A specific duration of time used for financial reporting, usually a fiscal year or quarter.

Comprehensive Income

The overall adjustment in equity during a reporting period, apart from dealings with owners, incorporating every unrealized gain and loss.

Conceptual Framework

A system of ideas and objectives that guide the development, preparation, and interpretation of financial reporting and accounting standards.