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TESTBANK
DataAnalyticsforAccounting,3rdEdition
ByVernonRichardson,Chapters1–9
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, ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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Chapter 1: Data Analytics for Accounting and Identifying the Questio
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ns
Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results Chapt
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er 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 Chapte
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r 9: Tax Analytics
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,ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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Answers are at the End of Each Chapter
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Chapter 01:
A
Student name:
A
1) DataAanalyticsAisAtheAprocessAofAevaluatingAdataAwithAtheApurposeAofAdrawingAconclusio
nsAtoaddressAbusinessAquestions.
⊚A true
⊚A false
2) TheAprocessAofAdataAanalyticsAaimsAtoAtransformArawAinformationAintoAdataAtoAcreateAvalue.
⊚A true
⊚A false
3) DataAanalyticsAhasAtheApotentialAtoAtransformAtheAmannerAinAwhichAcompaniesAr
unAtheirbusinesses,AhoweverAitAisAnotApracticalAinAtheAnearAfuture.
⊚A true
⊚A false
4) AuditorsAcanAuseAsocialAmediaAtoAhearAwhatAcustomersAareAsayingAaboutAaAcompa
nyAandcompareAthisAtoAinventoryAobsolescenceAandAotherAestimates.
⊚A true
⊚A false
5) DataAanalyticsAallowsAauditorsAtoAgleanAinsightsAthatAareAbeneficialAtoAtheAclien
t,AwithoutbreechingAindependence.
⊚A true
⊚A false
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6) TheApredictiveAanalyticsAisAanAimportantAaspectAofAdataAanalyticsAforAauditors,AbutA
isAnotapplicableAforAtaxAaccountants.
⊚A true
⊚A false
7) TheAIAinAIMPACTACycleArepresentsAIdentifyAtheAQuestion.
⊚A true
⊚A false
8) TheAMAinAIMPACTACycleArepresentsAMasterAtheAData.
⊚A true
⊚A false
9) TheAPAinAIMPACTACycleArepresentsAPredictAtheAResults.
⊚A true
⊚A false
10) TheAAAinAIMPACTACycleArepresentsAAnalyzeAtheAData.
⊚A true
⊚A false
11) TheACAinAIMPACTACycleArepresentsAContinuouslyATrack.
⊚A true
⊚A false
12) TheATAinAIMPACTACycleArepresentsATrackAOutcomes.
⊚A true
⊚A false
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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A A A A A
TESTBANK
DataAnalyticsforAccounting,3rdEdition
ByVernonRichardson,Chapters1–9
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
A A A A A
, ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
A A A A A
Chapter 1: Data Analytics for Accounting and Identifying the Questio
A A A A A A A A A
ns
Chapter 2: Mastering the Data
A A A A
Chapter 3: Performing the Test Plan and Analyzing the Results Chapt
A A A A A A A A A A
er 4: Communicating Results and Visualizations
A A A A A
Chapter 5: The Modern Accounting Environment
A A A A A A
Chapter 6: Audit Data Analytics
A A A A
Chapter 7: Managerial Analytics
A A A
Chapter 8: Financial Statement Analytics Chapte
A A A A A
r 9: Tax Analytics
A A A
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
A A A A A
,ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
A A A A A
Answers are at the End of Each Chapter
A A A A A A A
Chapter 01:
A
Student name:
A
1) DataAanalyticsAisAtheAprocessAofAevaluatingAdataAwithAtheApurposeAofAdrawingAconclusio
nsAtoaddressAbusinessAquestions.
⊚A true
⊚A false
2) TheAprocessAofAdataAanalyticsAaimsAtoAtransformArawAinformationAintoAdataAtoAcreateAvalue.
⊚A true
⊚A false
3) DataAanalyticsAhasAtheApotentialAtoAtransformAtheAmannerAinAwhichAcompaniesAr
unAtheirbusinesses,AhoweverAitAisAnotApracticalAinAtheAnearAfuture.
⊚A true
⊚A false
4) AuditorsAcanAuseAsocialAmediaAtoAhearAwhatAcustomersAareAsayingAaboutAaAcompa
nyAandcompareAthisAtoAinventoryAobsolescenceAandAotherAestimates.
⊚A true
⊚A false
5) DataAanalyticsAallowsAauditorsAtoAgleanAinsightsAthatAareAbeneficialAtoAtheAclien
t,AwithoutbreechingAindependence.
⊚A true
⊚A false
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, ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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6) TheApredictiveAanalyticsAisAanAimportantAaspectAofAdataAanalyticsAforAauditors,AbutA
isAnotapplicableAforAtaxAaccountants.
⊚A true
⊚A false
7) TheAIAinAIMPACTACycleArepresentsAIdentifyAtheAQuestion.
⊚A true
⊚A false
8) TheAMAinAIMPACTACycleArepresentsAMasterAtheAData.
⊚A true
⊚A false
9) TheAPAinAIMPACTACycleArepresentsAPredictAtheAResults.
⊚A true
⊚A false
10) TheAAAinAIMPACTACycleArepresentsAAnalyzeAtheAData.
⊚A true
⊚A false
11) TheACAinAIMPACTACycleArepresentsAContinuouslyATrack.
⊚A true
⊚A false
12) TheATAinAIMPACTACycleArepresentsATrackAOutcomes.
⊚A true
⊚A false
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