1. XBRL's structure is flexible, so companies can extend it when the need arises. Which of the following terms is most likely to require an extension of an existing XBRL taxonomy?

A. Asset B. Operating cash flow C. Both Asset and Operating cash flow will likely require an extension of an existing taxonomy. D. Neither Asset nor Operating cash flow will likely require an extension of an existing taxonomy.

2. WER Corporation forces its employees to change their system password every six months. Which type of security control best describes the company's policy?)

A. Physical B. Technical C. Administrative D. Hacking

3. From an accountant's perspective, one of the benefits of XBRL is the ability to obtain more rapid and reliable data and information on company financial performance. Such items would include

A. General purpose financial statements. B. Chart of accounts. C. Both general purpose financial statements and chart of accounts. D. Neither general purpose financial statements nor chart of accounts.

4. Within the context of ERP systems, a module is:

A. a part of the program aligned with a specific function of the organization. B. another name for a database table. C. Both a part of the program aligned with a specific function of the organization and another name for a database table. D. Neither a part of the program aligned with a specific function of the organization nor another name for a database table.

5. SPL Corporation is an information technology consulting firm with offices in six states. In implementing an ERP system for its own use, management should be careful to:

A. Resolve multisite issues. B. Select a compatible ERP system. C. Both resolve multisite issues and select a compatible ERP system D. Neither resolve multisite issues nor select a compatible ERP system

6. According to COBIT's principles, information technology governance and management should:

A. focus on the four purposes of internal control. B. address systems risk only. C. apply a single integrated framework. D. apply an end-to-end framework.

7. When organizations use XBRL, they can free themselves from: (Points : 1)

A. Proprietary systems. B. The steps in the accounting cycle. C. Both proprietary systems and the steps in the accounting cycle. D. Neither proprietary systems nor the steps in the accounting cycle.

8. Which of the following is most closely related to one of the benefits of e-business discussed in the text? )

A. Internal controls B. Company finances C. Selling to a broader range of customers D. All of these are related to benefits of e-business.

9. XBRL is structured into taxonomies which reside in namespaces. All of the following are namespaces except:

A. http://xbrl.us/country/2008-10-31 B. http://xbrl.us/rr/2008-12-31 C. http://xbrl.us/mda/2008-10-31 D. http://xbrl.org

10. According to ISACA, one of COBIT's enablers is required for keeping the organization running and well governed; that enabler is often the key product of the enterprise itself. It is therefore most closely related to which generic element of the accounting information system?

A. inputs B. internal control C. storage D. outputs

11.In connection with spreadsheets, Rivet Software and Ez-XBRL are best used for which of the following tasks?

A. Creating XBRL instance documents. B. Preparing presentations on XBRL. C. Both creating XBRL instance documents and preparing presentations on XBRL. D. Neither creating XBRL instance documents nor preparing presentations on XBRL.

12.SEC filings that use XBRL are labeled in EDGAR as:

A. Instance documents. B. Interactive data. C. XBRL documents. D. XBRL data.

13. Most accounting information systems comprise five elements. XBRL tagging software is most closely associated with:

A. Inputs. B. Processing. C. Outputs. D. Storage.

14. XBRL is organized in taxonomies. All of the following are XBRL taxonomies except:

A. US Country Taxonomy 2009 B. IFRS-GP C. XML taxonomy D. XBRL-GL

15. According to COBIT 5, an organization's information technology governance and management should apply a single integrated framework for managing information. Which of the following best pairs an established framework with an element of the framework?

A. COSO enterprise risk management, cost of managing risk B. COSO internal control, risk/control matrix C. Both COSO enterprise risk management, cost of managing risk and COSO internal control, risk/control matrix D. Neither COSO enterprise risk management, cost of managing risk nor COSO internal control, risk/control matrix