ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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TEST BANK D
Data Analytics for Accounting, 3rd Edition
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by Vernon Richardson, Chapters 1 – 9
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ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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, ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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Chapter 1: Data Analytics for Accounting and Identifying the Questio
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ns
Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results Chapt
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er 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 Chapte
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r 9: Tax Analytics
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ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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,ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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Answers are at the End of Each Chapter
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Chapter 01:
D
Student name:
D
1) DataDanalyticsDisDtheDprocessDofDevaluatingDdataDwithDtheDpurposeDofDdrawingDconclusio
nsDtoaddressDbusinessDquestions.
⊚D true
⊚D false
2) TheDprocessDofDdataDanalyticsDaimsDtoDtransformDrawDinformationDintoDdataDtoDcreateDvalue.
⊚D true
⊚D false
3) DataDanalyticsDhasDtheDpotentialDtoDtransformDtheDmannerDinDwhichDcompaniesDr
unDtheirbusinesses,DhoweverDitDisDnotDpracticalDinDtheDnearDfuture.
⊚D true
⊚D false
4) AuditorsDcanDuseDsocialDmediaDtoDhearDwhatDcustomersDareDsayingDaboutDaDcompa
nyDandcompareDthisDtoDinventoryDobsolescenceDandDotherDestimates.
⊚D true
⊚D false
5) DataDanalyticsDallowsDauditorsDtoDgleanDinsightsDthatDareDbeneficialDtoDtheDclie
nt,DwithoutbreechingDindependence.
⊚D true
⊚D false
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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, ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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6) TheDpredictiveDanalyticsDisDanDimportantDaspectDofDdataDanalyticsDforDauditors,Dbut
DisDnotapplicableDforDtaxDaccountants.
⊚D true
⊚D false
7) TheDIDinDIMPACTDCycleDrepresentsDIdentifyDtheDQuestion.
⊚D true
⊚D false
8) TheDMDinDIMPACTDCycleDrepresentsDMasterDtheDData.
⊚D true
⊚D false
9) TheDPDinDIMPACTDCycleDrepresentsDPredictDtheDResults.
⊚D true
⊚D false
10) TheDADinDIMPACTDCycleDrepresentsDAnalyzeDtheDData.
⊚D true
⊚D false
11) TheDCDinDIMPACTDCycleDrepresentsDContinuouslyDTrack.
⊚D true
⊚D false
12) TheDTDinDIMPACTDCycleDrepresentsDTrackDOutcomes.
⊚D true
⊚D false
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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D D D D D
TEST BANK D
Data Analytics for Accounting, 3rd Edition
D D D D D
by Vernon Richardson, Chapters 1 – 9
D D D D D D
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
D D D D D
, ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
D D D D D
Chapter 1: Data Analytics for Accounting and Identifying the Questio
D D D D D D D D D
ns
Chapter 2: Mastering the Data
D D D D
Chapter 3: Performing the Test Plan and Analyzing the Results Chapt
D D D D D D D D D D
er 4: Communicating Results and Visualizations
D D D D D
Chapter 5: The Modern Accounting Environment
D D D D D D
Chapter 6: Audit Data Analytics
D D D D
Chapter 7: Managerial Analytics
D D D
Chapter 8: Financial Statement Analytics Chapte
D D D D D
r 9: Tax Analytics
D D D
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
D D D D D
,ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
D D D D D
Answers are at the End of Each Chapter
D D D D D D D
Chapter 01:
D
Student name:
D
1) DataDanalyticsDisDtheDprocessDofDevaluatingDdataDwithDtheDpurposeDofDdrawingDconclusio
nsDtoaddressDbusinessDquestions.
⊚D true
⊚D false
2) TheDprocessDofDdataDanalyticsDaimsDtoDtransformDrawDinformationDintoDdataDtoDcreateDvalue.
⊚D true
⊚D false
3) DataDanalyticsDhasDtheDpotentialDtoDtransformDtheDmannerDinDwhichDcompaniesDr
unDtheirbusinesses,DhoweverDitDisDnotDpracticalDinDtheDnearDfuture.
⊚D true
⊚D false
4) AuditorsDcanDuseDsocialDmediaDtoDhearDwhatDcustomersDareDsayingDaboutDaDcompa
nyDandcompareDthisDtoDinventoryDobsolescenceDandDotherDestimates.
⊚D true
⊚D false
5) DataDanalyticsDallowsDauditorsDtoDgleanDinsightsDthatDareDbeneficialDtoDtheDclie
nt,DwithoutbreechingDindependence.
⊚D true
⊚D false
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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, ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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6) TheDpredictiveDanalyticsDisDanDimportantDaspectDofDdataDanalyticsDforDauditors,Dbut
DisDnotapplicableDforDtaxDaccountants.
⊚D true
⊚D false
7) TheDIDinDIMPACTDCycleDrepresentsDIdentifyDtheDQuestion.
⊚D true
⊚D false
8) TheDMDinDIMPACTDCycleDrepresentsDMasterDtheDData.
⊚D true
⊚D false
9) TheDPDinDIMPACTDCycleDrepresentsDPredictDtheDResults.
⊚D true
⊚D false
10) TheDADinDIMPACTDCycleDrepresentsDAnalyzeDtheDData.
⊚D true
⊚D false
11) TheDCDinDIMPACTDCycleDrepresentsDContinuouslyDTrack.
⊚D true
⊚D false
12) TheDTDinDIMPACTDCycleDrepresentsDTrackDOutcomes.
⊚D true
⊚D false
ERIC'S DOCUMENT ERIC'S DOCUMENT ERIC'S DOCUMENT
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