Which Accounting Data Standard Defines the Format for Files and Fields

question 11

Multiple Choice

Which Accounting Data Standard defines the format for files and fields as well as some master data for users and business units?

• A) Base Standard
• B) General Ledger Standards
• C) Order to Cash Subledger
• D) Procure to Pay Subledger Standard

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Definitions:

Critical Risks And Problems

Significant challenges or threats that could impact the success of a project or venture.

Business Plan

A detailed document outlining the objectives of a business, the strategy and tactics planned to achieve them, and the expected financial performance over a period of time.

Financial Projections

Estimates of future financial performance, including income, expenses, and cash flow, over a specific period.

Business Plan

A comprehensive document that describes a company’s mission, structure, objectives, and operations.