Solution manual for data analytics for accounting 3rd edition by Vernon Richardson

SOLUTION MANUAL for Data Analytics for Accounting, 3
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rd Edition by Vernon Richardson, Chapters 1 - 9
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,TABLE OF CONTENTS
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Chapter 1: Data Analytics for Accounting and Identifying the Questions
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Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results
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Chapter 4: Communicating Results and Visualizations
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Chapter 5: The Modern Accounting Environment
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Chapter 6: Audit Data Analytics
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Chapter 7: Managerial Analytics
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Chapter 8: Financial Statement Analytics
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Chapter 9: Tax Analytics
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,Solutions Manual – Chapter 1
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SolutionsmtomMultiplemChoicemQuestions

1. (LOm1-1)mBigmDatamismoftenmdescribedmbymthemfourmVs,mor

a. volume,mvelocity,mveracity,mandmvariability.
b. volume,mvelocity,mveracity,mandmvariety.
c. volume,mvolatility,mveracity,mandmvariability.
d. variability,mvelocity,mveracity,mandmvariety.

Answer:mb

2. LOm1-
4)mWhichmdatamapproachmattemptsmtomassignmeachmunitminmampopulationmintomamsmallmsetmofmclassesm(ormgrou
ps)mwheremthemunitmbestmfits?

a. Regression
b. Similaritymmatching
c. Co-occurrencemgrouping
d. Classification

Answer:md

3. (LOm1-
4)mWhichmdatamapproachmattemptsmtomidentifymsimilarmindividualsmbasedmonmdatamknownmaboutmthem?

a. Classification
b. Regression
c. Similaritymmatching
d. Datamreduction

Answer:mc

4. (LOm1-4)mWhichmdatamapproachmattemptsmtompredictmconnectionsmbetweenmtwomdatamitems?

a. Profiling
b. Classification
c. Linkmprediction
d. Regression




3

, Answer:mc


5. (LOm1-
6)mWhichmofmthesemtermsmismdefinedmasmbeingmamcentralmrepositorymofmdescriptionsmformallmofmthemdatamattribut
esmofmthemdataset?

a. BigmData
b. Datamwarehouse
c. Datamdictionary
d. DatamAnalytics

Answer:mc

6. (LOm1-5)mWhichmskillsmweremnotmemphasizedmthatmanalytic-mindedmaccountantsmshouldmhave?

a. Developedmanmanalyticsmmindset
b. Datamscrubbingmandmdatampreparation
c. Classificationmofmtestmapproaches
d. Statisticalmdatamanalysismcompetency

Answer:mc

7. (LOm1-5)mInmwhichmareasmweremskillsmnotmemphasizedmformanalytic-mindedmaccountants?

a. Datamquality
b. Descriptivemdatamanalysis
c. Datamvisualizationmandmdatamreporting
d. Datamandmsystemsmanalysismandmdesign

Answer:md

8. (LOm1-4)mThemIMPACTmcyclemincludesmallmexceptmthemfollowingmsteps:

a. performmtestmplan.
b. visualizemthemdata.
c. mastermthemdata.
d. trackmoutcomes.

Answer:mb

9. (LOm1-4)mThemIMPACTmcyclemspecificallymincludesmallmexceptmthemfollowingmsteps:

a. datampreparation.
b. communicateminsights.
c. addressmandmrefinemresults.
d. performmtestmplan.

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