Which Types of Organisations Can Use XBRL to Save Costs

question 39

Multiple Choice

Which types of organisations can use XBRL to save costs and improve efficiency in handling business and financial information?

• A)Government agencies.
• B)Non-profit organisations.
• C)Publicly listed companies.
• D)All types of organisations.

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Definitions:

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers for sales on credit.

Credit Policies

Guidelines that a company follows to determine the creditworthiness of customers, terms of credit, collection procedures, and how much credit to extend.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used, but not yet paid for.

Cash-flow Management

The process of monitoring, analyzing, and optimizing the net amount of cash receipts minus cash expenses.