Business Intelligence (BI)reporting Systems Summarize the Current Status of Business

question 85

True/False

Business Intelligence (BI)reporting systems summarize the current status of business activities and compare that status with past events,but not with predicted future activities.

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Definitions:

Allowance Method

The Allowance Method is an accounting technique that estimates and accounts for doubtful accounts, reducing the accounts receivable to its net realizable value.

Going Concern Assumption

An accounting principle assuming that an entity will continue to operate for the foreseeable future.

Direct Method

An approach to preparing the cash flow statement where actual cash flows from operating activities are listed.