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DATA ANALYTICS FOR ACCOUNTING 3RD EDITION COMPREHENSIVE EXAM SCRIPT WITH SOLUTIONS

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DATA ANALYTICS FOR ACCOUNTING 3RD EDITION COMPREHENSIVE EXAM SCRIPT WITH SOLUTIONS

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DATA ANALYTICS FOR ACCOUNTING 3RD
EDITION COMPREHENSIVE EXAM SCRIPT WITH
SOLUTIONS

◉ Standard Deviation.
Answer: Measures data variability around the mean.


◉ Totals and Averages.
Answer: Summarizes performance metrics for analysis.


◉ Graphs in Analytics.
Answer: Visual representations like bar charts and histograms.


◉ Ratio Analytics.
Answer: Financial ratios comparing performance metrics.


◉ Percentage Change.
Answer: Measures growth or decline over time.


◉ Anomalies in Data.
Answer: Unusual results indicating potential issues.

, ◉ Drill-Down Analytics.
Answer: Detailed analysis uncovering data patterns.


◉ Sequence Checks.
Answer: Identifies missing documentation in transactions.


◉ Variance Analytics.
Answer: Compares actual performance against expectations.


◉ Duplicate Transactions.
Answer: Identifies repeated entries in financial records.


◉ Benford's Law.
Answer: Detects anomalies in numerical data distributions.


◉ Accounts Receivable Aging Schedule.
Answer: Tracks outstanding receivables over time.


◉ Horizontal Analytics.
Answer: Analyzes data across multiple periods.

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