ACCT 3130 FINAL EXAM STUDY GUIDE
Sensors - Answers - provide details on events that occur throughout business to help
control costs
Internal Audit - Answers - focus on data quality, internal controls, and complex info
systems that support the business process
Homogeneous systems approach - Answers - represent one single installation or
instance of a system
Heterogeneous systems approach - Answers - multiple installations or instances of a
system
Nature - Answers - how we perform
extent - Answers - how much we can test
timing - Answers - how often
descriptive - Answers - age analysis, summary stats, sorting (largest or smallest
values), sampling (random & monetary unit)
diagnostic - Answers - z-score, drill down (details behind values), clustering,
stratification (group by categories), Benford's Law, sequence check (gaps), fuzzy (joins
tables & IDs relationships)
Predictive - Answers - regression (predicts dependent values), probability (uses rank
score to evaluate strength of classification), classification (predicts a category),
sentiment analysis (pos. or neg. sentiment to predict outcome)
Prescriptive - Answers - what if (decision support), applied stats (predicts a specific
outcome/class), AI (uses observations to predict future actions)
KPIs - Answers - specific type of performance measure
Digital Dashboard - Answers - interactive report showing most important metrics to help
users understand how a company or organization is performing
Balanced Scorecard - Answers - IDs most important metrics to measure & target goals
for comparison
Financial - Answers - how company generates value
Sensors - Answers - provide details on events that occur throughout business to help
control costs
Internal Audit - Answers - focus on data quality, internal controls, and complex info
systems that support the business process
Homogeneous systems approach - Answers - represent one single installation or
instance of a system
Heterogeneous systems approach - Answers - multiple installations or instances of a
system
Nature - Answers - how we perform
extent - Answers - how much we can test
timing - Answers - how often
descriptive - Answers - age analysis, summary stats, sorting (largest or smallest
values), sampling (random & monetary unit)
diagnostic - Answers - z-score, drill down (details behind values), clustering,
stratification (group by categories), Benford's Law, sequence check (gaps), fuzzy (joins
tables & IDs relationships)
Predictive - Answers - regression (predicts dependent values), probability (uses rank
score to evaluate strength of classification), classification (predicts a category),
sentiment analysis (pos. or neg. sentiment to predict outcome)
Prescriptive - Answers - what if (decision support), applied stats (predicts a specific
outcome/class), AI (uses observations to predict future actions)
KPIs - Answers - specific type of performance measure
Digital Dashboard - Answers - interactive report showing most important metrics to help
users understand how a company or organization is performing
Balanced Scorecard - Answers - IDs most important metrics to measure & target goals
for comparison
Financial - Answers - how company generates value
