Solution Manual for Data and Analytics in Accounting: An Integrated Approach, 1st Edition by Dzuranin,ISBN:9781119722991 All Chapters Fully Covered Complete Guide A+||NEWEST VERSION.

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Data and Analytics in Accounting: An Integrated Approach 1st Edition
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By Ann C. Dzuranin, Guido Geerts
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, CHAPTER 1
DATA AND ANALYTICS IN THE ACCOUNTING
PROFESSION

Learning Objectives:
LO 1.1: Summarize how advances in data and technology are impacting accounting professionals.
LO 1.2: Describe the stages of the data analysis process.
LO 1.3: Identify the skills necessary to perform data analysis.
LO 1.4: Explain how to apply a data analytics mindset during the data analysis process.




ANSWERS TO MULTIPLE CHOICE QUESTIONS

, LO 1.2, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA FC: Leverage
1. A Technology to Develop and Enhance Functional Competencies
LO 1.1, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA
FC: Leverage Technology to Develop and Enhance Functional
Competencies 7. D
LO 1.2, BT: C, Difficulty: Medium, TOT: 3 min, AACSB: Analytic, AICPA FC:
2. C Leverage Technology to Develop and Enhance Functional Competencies
LO 1.1, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA FC:
Leverage Technology to Develop and Enhance Functional Competencies
8. C
LO 1.2, BT: C, Difficulty: Medium, TOT: 3 min, AACSB: Analytic, AICPA FC:
3. C Leverage Technology to Develop and Enhance Functional Competencies
LO 1.2, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA FC:
Leverage Technology to Develop and Enhance Functional Competencies
9. A
LO 1.3, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA FC: Leverage
4. B Technology to Develop and Enhance Functional Competencies
LO 1 2, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA FC:
Leverage Technology to Develop and Enhance Functional Competencies
10.D
LO 1.3, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA FC: Leverage
5. B Technology to Develop and Enhance Functional Competencies
LO 1.2, BT: K, Difficulty: Easy, TOT: 2 min, AACSB: Knowledge, AICPA FC:
Leverage Technology to Develop and Enhance Functional Competencies
11.B
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6. C $ w s Leverage $ws Technology $ w s to $wsDevelop $wsand $ w s Enhance $wsFunctional $ws Competencies



12.A
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$ w s Leverage $ws Technology $ w s to $wsDevelop $wsand $ w s Enhance $wsFunctional $ws Competencies



13.D
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$ w s Leverage $ws Technology $ w s to $wsDevelop $wsand $ w s Enhance $wsFunctional $ws Competencies

, $wsCompetencies
14.A
LO $ws1.4, $wsBT: $wsC, $wsDifficulty: 15.B
$wsMedium, $wsTOT: $ws3 $wsmin, $wsAACSB:
$wsAnalytic, $wsAICPA $wsFC: $ w s Leverage
LO $ws1.4, $wsBT: $wsC, $wsDifficulty: $wsMedium, $wsTOT: $ws3 $wsmin,
$wsAACSB: $wsAnalytic, $wsAICPA $wsFC: $ w s Leverage $wsTechnology $wsto
$wsTechnology $wsto $wsDevelop $ws and
$wsDevelop $ws and $wsEnhance $wsFunctional $wsCompetencies
$wsEnhance $wsFunctional




ANSWERS TO REVIEW QUESTIONS $ws $ws $ws




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$wsindication $wsof $wshow $wsthe $wsaccounting $wsprofession $wsis $wschanging. $wsThe $wsnew $wsCPA $wsexam $wswill

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$wsthe $wsDiscipline $wsexams.


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2.

Changes Accounting $wsPractice $wsArea
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$wsidentify $wsexceptions, $wsanomalies, $wsand $wsaccounting

$wsoutliers

2. $wsAutomation $wsof $wsmanual $wsprocesses ANS: $wsa., $wsb., $wsc., $wsd. $ w s (All $wsareas)
3. $wsAutomation $wsof $wsjournal $wsentries ANS: $ w s b. $wsFinancial $wsaccounting
4. $ w s Risk $wsidentification ANS:. $ w s a. $wsAuditing, $wsc. $wsManagerial
$wsaccounting

5. $wsForecasting ANS: $wsb. $wsFinancial $wsaccounting, $wsc.
$wsManagerial $wsaccounting

6. $wsCompliance $wsreporting ANS: $wsd. $wsTax $wsaccounting
LO $ws1.1, $wsBT: $wsC, $wsDifficulty: $wsMedium, $wsTOT: $ws8 $wsmin, $wsAACSB: $wsAnalytic, $wsAICPA $wsFC: $wsLeverage $wsTechnology $wsto $wsDevelop $wsand $wsEnhance $wsFunctional $wsCompeten



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LO $ws1.1, $wsBT: $wsC, $wsDifficulty: $wsMedium, $wsTOT: $ws6 $wsmin, $wsAACSB: $wsAnalytic, $wsAICPA $wsFC: $wsLeverage $wsTechnology $wsto $wsDevelop $wsand $wsEnhance $wsFunctional $wsCompeten


4.

Purpose Method
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$wscurrently $wsand $wswhat $wshas $wshappened $wsin

$wsthe $wspast.