Data Analytics for Accounting, 3rd Edition
by Vernon Richardson, Chapters 1 - 9
1
,Chapterj1:jDatajAnalyticsjforjAccountingjandjIdentifyingjthejQuestionsj Chapterj2:jMasteringjthejData
Chapterj3:jPerformingjthejTestjPlanjandjAnalyzingjthejResultsj Chapterj4:jCommunicatingjResultsjandjVisualizations
Chapterj5:jThejModernjAccountingjEnvironmentj Chapterj6:jAuditjDatajAnalytics
Chapterj7:jManagerialjAnalytics
Chapterj8:jFinancialjStatementjAnalyticsj Chapterj9:jTaxjAnalytics
2
,SolutionsjManualj–jChapterj1
SolutionsjtojMultiplejChoicejQuestions
1. (LOj1-1)jBigjDatajisjoftenjdescribedjbyjthejfourjVs,jor
a. volume,jvelocity,jveracity,jandjvariability.
b. volume,jvelocity,jveracity,jandjvariety.
c. volume,jvolatility,jveracity,jandjvariability.
d. variability,jvelocity,jveracity,jandjvariety.
Answer:jb
2. LOj1-
4)jWhichjdatajapproachjattemptsjtojassignjeachjunitjinjajpopulationjintojajsmalljsetj ofclassesj(orjgro
ups)jwherejthejunitjbestjfits?
a. Regression
b. Similarityjmatching
c. Co-occurrencejgrouping
d. Classification
Answer:jd
3. (LOj1-
4)jWhichjdatajapproachjattemptsjtojidentifyjsimilarjindividualsjbasedjonjdataj knownaboutjth
em?
a. Classification
b. Regression
c. Similarityjmatching
d. Datajreduction
Answer:jc
4. (LOj1-4)jWhichjdatajapproachjattemptsjtojpredictjconnectionsjbetweenjtwojdatajitems?
a. Profiling
b. Classification
c. Linkjprediction
d. Regression
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, Answer:jc
5. (LOj1-
6)jWhichjofjthesejtermsjisjdefinedjasjbeingjajcentraljrepositoryjofjdescriptionsjforjalljofj thejdatajattribute
sjofjthejdataset?
a. BigjData
b. Datajwarehouse
c. Datajdictionary
d. DatajAnalytics
Answer:jc
6. (LOj1-5)jWhichjskillsjwerejnotjemphasizedjthatjanalytic-mindedjaccountantsjshouldjhave?
a. Developedjanjanalyticsjmindset
b. Datajscrubbingjandjdatajpreparation
c. Classificationjofjtestjapproaches
d. Statisticaljdatajanalysisjcompetency
Answer:jc
7. (LOj1-5)jInjwhichjareasjwerejskillsjnotjemphasizedjforjanalytic-mindedjaccountants?
a. Datajquality
b. Descriptivejdatajanalysis
c. Datajvisualizationjandjdatajreporting
d. Datajandjsystemsjanalysisjandjdesign
Answer:jd
8. (LOj1-4)jThejIMPACTjcyclejincludesjalljexceptjthejfollowingjsteps:
a. performjtestjplan.
b. visualizejthejdata.
c. masterjthejdata.
d. trackjoutcomes.
Answer:jb
9. (LOj1-4)jThejIMPACTjcyclejspecificallyjincludesjalljexceptjthejfollowingjsteps:
a. datajpreparation.
b. communicatejinsights.
c. addressjandjrefinejresults.
d. performjtestjplan.
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