SOLUTION MANUAL
Data Analytics for Accounting, 3rd Edition
by Vernon Richardson, Chapters 1 - 9
1
,2
,Chapter 1: Data Analytics for Accounting and Identifying the Questions Chapter 2: Mastering the Data
Chapter 3: Performing the Test Plan and Analyzing the Results Chapter 4: Communicating Results and
Visualizations
Chapter 5: The Modern Accounting Environment Chapter 6: Audit Data
Analytics
Chapter 7: Managerial Analytics
Chapter 8: Financial Statement Analytics Chapter 9: Tax Analytics
3
, Solutions Manual – Chapter 1
Solutions to Multiple Choice Questions
1. (LO 1-1) Big Data is often described by the four Vs, or
a. volume, velocity, veracity, and variability.
b. volume, velocity, veracity, and variety.
c. volume, volatility, veracity, and variability.
d. variability, velocity, veracity, and variety.
Answer: b
2. LO 1-4) Which data approach attempts to assign each unit in a population into a small set
ofclasses (or groups) where the unit best fits?
a. Regression
b. Similarity lmatching
c. Co-occurrence lgrouping
d. Classification
Answer: ld
3. (LO l1-4) lWhich ldata lapproach lattempts lto lidentify lsimilar lindividuals lbased lon
ldata l knownabout lthem?
a. Classification
b. Regression
c. Similarity lmatching
d. Data lreduction
Answer: lc
4. (LO l1-4) lWhich ldata lapproach lattempts lto lpredict lconnections lbetween ltwo ldata litems?
a. Profiling
b. Classification
c. Link lprediction
d. Regression
4
Data Analytics for Accounting, 3rd Edition
by Vernon Richardson, Chapters 1 - 9
1
,2
,Chapter 1: Data Analytics for Accounting and Identifying the Questions Chapter 2: Mastering the Data
Chapter 3: Performing the Test Plan and Analyzing the Results Chapter 4: Communicating Results and
Visualizations
Chapter 5: The Modern Accounting Environment Chapter 6: Audit Data
Analytics
Chapter 7: Managerial Analytics
Chapter 8: Financial Statement Analytics Chapter 9: Tax Analytics
3
, Solutions Manual – Chapter 1
Solutions to Multiple Choice Questions
1. (LO 1-1) Big Data is often described by the four Vs, or
a. volume, velocity, veracity, and variability.
b. volume, velocity, veracity, and variety.
c. volume, volatility, veracity, and variability.
d. variability, velocity, veracity, and variety.
Answer: b
2. LO 1-4) Which data approach attempts to assign each unit in a population into a small set
ofclasses (or groups) where the unit best fits?
a. Regression
b. Similarity lmatching
c. Co-occurrence lgrouping
d. Classification
Answer: ld
3. (LO l1-4) lWhich ldata lapproach lattempts lto lidentify lsimilar lindividuals lbased lon
ldata l knownabout lthem?
a. Classification
b. Regression
c. Similarity lmatching
d. Data lreduction
Answer: lc
4. (LO l1-4) lWhich ldata lapproach lattempts lto lpredict lconnections lbetween ltwo ldata litems?
a. Profiling
b. Classification
c. Link lprediction
d. Regression
4
