Solution manual for data analytics for accounting 3rd edition richardson

SOLUTION gMANUAL gfor gData gAnalytics gfor
gAccounting, g3rd gEdition gby gVernon gRichardson,
Chapters g1 g- g9 g
g




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,TABLE gOF gCONTENTS
Chapter g1: gData gAnalytics gfor gAccounting gand gIdentifying gthe gQuestions


Chapter g2: gMastering gthe gData


Chapter g3: gPerforming gthe gTest gPlan gand gAnalyzing gthe gResults


Chapter g4: gCommunicating gResults gand gVisualizations


Chapter g5: gThe gModern gAccounting gEnvironment


Chapter g6: gAudit gData gAnalytics


Chapter g7: gManagerial gAnalytics


Chapter g8: gFinancial gStatement gAnalytics


Chapter g9: gTax gAnalytics




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,Solutions gManual g– gChapter g1
Solutions gto gMultiple gChoice gQuestions

1. (LO g1-1) gBig gData gis goften gdescribed gby gthe gfour gVs, gor

a. volume, gvelocity, gveracity, gand gvariability.
b. volume, gvelocity, gveracity, gand gvariety.
c. volume, gvolatility, gveracity, gand gvariability.
d. variability, gvelocity, gveracity, gand gvariety.

Answer: gb

2. LO g1-4) gWhich gdata gapproach gattempts gto gassign geach gunit gin ga gpopulation ginto ga
gsmall gset gofgclasses g(or ggroups) gwhere gthe gunit gbest gfits?

a. Regression
b. Similarity gmatching
c. Co-occurrence ggrouping
d. Classification

Answer: gd

3. (LO g1-4) gWhich gdata gapproach gattempts gto gidentify gsimilar gindividuals gbased gon gdata
gknowngabout gthem?

a. Classification
b. Regression
c. Similarity gmatching
d. Data greduction

Answer: gc

4. (LO g1-4) gWhich gdata gapproach gattempts gto gpredict gconnections gbetween gtwo gdata gitems?

a. Profiling
b. Classification
c. Link gprediction
d. Regression




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, Answer: gc


5. (LO g1-6) gWhich gof gthese gterms gis gdefined gas gbeing ga gcentral grepository gof gdescriptions
gfor gall gofgthe gdata gattributes gof gthe gdataset?

a. Big gData
b. Data gwarehouse
c. Data gdictionary
d. Data gAnalytics

Answer: gc

6. (LO g1-5) gWhich gskills gwere gnot gemphasized gthat ganalytic-minded gaccountants gshould ghave?

a. Developed gan ganalytics gmindset
b. Data gscrubbing gand gdata gpreparation
c. Classification gof gtest gapproaches
d. Statistical gdata ganalysis gcompetency

Answer: gc

7. (LO g1-5) gIn gwhich gareas gwere gskills gnot gemphasized gfor ganalytic-minded gaccountants?

a. Data gquality
b. Descriptive gdata ganalysis
c. Data gvisualization gand gdata greporting
d. Data gand gsystems ganalysis gand gdesign

Answer: gd

8. (LO g1-4) gThe gIMPACT gcycle gincludes gall gexcept gthe gfollowing gsteps:

a. perform gtest gplan.
b. visualize gthe gdata.
c. master gthe gdata.
d. track goutcomes.

Answer: gb

9. (LO g1-4) gThe gIMPACT gcycle gspecifically gincludes gall gexcept gthe gfollowing gsteps:

a. data gpreparation.
b. communicate ginsights.
c. address gand grefine gresults.
d. perform gtest gplan.


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