Data Analytics for Accounting 3rd Edition Test Bank (PDF) | 2026 Exam Questions | Richardson (Brigham Young University)

TEST BANK
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for Data Analytics for Accounting, 3rd Edition by Vernon
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Richardson, Chapters 1 - 9
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1

,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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2

,Solutions Manual – Chapter 1
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SolutionsddtoddMultipleddChoiceddQuestions

1. (LOdd1-1)ddBigddDataddisddoftendddescribedddbyddtheddfourddVs,ddor

a. volume,ddvelocity,ddveracity,ddandddvariability.
b. volume,ddvelocity,ddveracity,ddandddvariety.
c. volume,ddvolatility,ddveracity,ddandddvariability.
d. variability,ddvelocity,ddveracity,ddandddvariety.

Answer:ddb

2. LOdd1-
4)ddWhichdddataddapproachddattemptsddtoddassignddeachddunitddinddaddpopulationddintoddaddsmallddsetddofdclassesdd(orddg
roups)ddwhereddtheddunitddbestddfits?

a. Regression
b. Similarityddmatching
c. Co-occurrenceddgrouping
d. Classification

Answer:ddd

3. (LOdd1-
4)ddWhichdddataddapproachddattemptsddtoddidentifyddsimilarddindividualsddbasedddondddataddknowndaboutddthem?

a. Classification
b. Regression
c. Similarityddmatching
d. Dataddreduction

Answer:ddc

4. (LOdd1-4)ddWhichdddataddapproachddattemptsddtoddpredictddconnectionsddbetweenddtwodddatadditems?

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




3

, Answer:ddc


5. (LOdd1-
6)ddWhichddofddtheseddtermsddisdddefinedddasddbeingddaddcentralddrepositoryddofdddescriptionsddforddallddofdthedddataddattri
butesddofddthedddataset?

a. BigddData
b. Dataddwarehouse
c. Datadddictionary
d. DataddAnalytics

Answer:ddc

6. (LOdd1-5)ddWhichddskillsddwereddnotddemphasizedddthatddanalytic-mindedddaccountantsddshouldddhave?

a. Developedddanddanalyticsddmindset
b. Dataddscrubbingddanddddataddpreparation
c. Classificationddofddtestddapproaches
d. Statisticaldddataddanalysisddcompetency

Answer:ddc

7. (LOdd1-5)ddInddwhichddareasddwereddskillsddnotddemphasizedddforddanalytic-mindedddaccountants?

a. Dataddquality
b. Descriptivedddataddanalysis
c. Dataddvisualizationddanddddataddreporting
d. Dataddandddsystemsddanalysisddanddddesign

Answer:ddd

8. (LOdd1-4)ddTheddIMPACTddcycleddincludesddallddexceptddtheddfollowingddsteps:

a. performddtestddplan.
b. visualizeddthedddata.
c. masterddthedddata.
d. trackddoutcomes.

Answer:ddb

9. (LOdd1-4)ddTheddIMPACTddcycleddspecificallyddincludesddallddexceptddtheddfollowingddsteps:

a. dataddpreparation.
b. communicateddinsights.
c. addressddandddrefineddresults.
d. performddtestddplan.

4