As a Form of Internal Control for XBRL, Periodic User

question 58

Multiple Choice

As a form of internal control for XBRL, periodic user training best addresses the risk of:

• A)Tagging errors.
• B)Data lost in transmission.
• C)Both tagging errors and data lost in transmission.
• D)Neither tagging errors nor data lost in transmission.

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Definitions:

Total Cost Method

A method of inventory costing that includes all costs of goods purchased or manufactured as inventory costs, without distinguishing between fixed and variable costs.

Administrative Expenses

Overheads or general expenses related to running a business that are not directly linked to the production or sale of goods or services.

Manufacturing Costs

Expenses related to the production of goods, including labor, materials, and overhead.

Differential Cost

The difference in total cost between two alternatives, used in decision-making processes.