Fundamentals of Business Intelligence (FBI) Practice Exam

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The Fundamentals of Business Intelligence Exam prepares you for BI roles. Tackle topics like data analysis, visualization, and decision-making. Use our flashcards and questions with detailed explanations to pass with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which option is not aligned with Generally Accepted Accounting Principles (GAAP)?

Revenue Recognition
Information Systems
Matching Principle
Materiality

The correct answer is: Information Systems

The option that is not aligned with Generally Accepted Accounting Principles (GAAP) is information systems. GAAP primarily comprises a set of accounting principles that dictate how financial transactions and statements should be recorded and reported. This includes concepts such as revenue recognition, the matching principle, and materiality. These principles provide a framework for preparing financial statements that accurately reflect an organization's financial position and performance. Information systems, while crucial for data processing and storage, do not fall under GAAP but rather pertain to the technology and methodologies used in the accounting and financial reporting processes. They support the implementation of GAAP by enabling data collection, processing, and reporting but are considered separate from the accounting principles themselves.