Test Bank - Data Analytics for Accounting, 3rd Edition By Vernon Richardson

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Data Analytics for Accounting, 3rd Edition
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by Vernon Richardson,Chapters 1 – 9
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,Chapter j1: jData jAnalytics jfor jAccounting jand jIdentifying jthe j Questions
Chapter j2: jMastering jthe jData

Chapter j3: jPerforming jthe jTest jPlan jand jAnalyzing jthe jResults j Chapter j4:
Communicating jResults jand jVisualizations
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Chapter j5: jThe jModern jAccounting jEnvironment j Chapter j6: jAudit
Data jAnalytics
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Chapter j7: jManagerial jAnalytics

Chapter j8: jFinancial jStatement jAnalytics j Chapter j9: jTax jAnalytics

,Answers jare jat jthe jEnd jof jEach jChapter

Chapter j01:
Student jname: j
1) Data janalytics jis jthe jprocess jof jevaluating jdata jwith jthe jpurpose jof jdrawing
jconclusions j toaddress jbusiness jquestions.

⊚ j j true

⊚ j j false
2) The jprocess jof jdata janalytics jaims jto jtransform jraw jinformation jinto jdata jto jcreate
jvalue.


⊚ j j true

⊚ j j false

3) Data janalytics jhas jthe jpotential jto jtransform jthe jmanner jin jwhich
jcompanies jrun j theirbusinesses, jhowever jit jis jnot jpractical jin jthe jnear

jfuture.

⊚ j j true

⊚ j j false

4) Auditors jcan juse jsocial jmedia jto jhear jwhat jcustomers jare jsaying jabout ja
jcompany j andcompare jthis jto jinventory jobsolescence jand jother jestimates.

⊚ j j true

⊚ j j false

5) Data janalytics jallows jauditors jto jglean jinsights jthat jare jbeneficial jto jthe
jclient, j withoutbreeching jindependence.

⊚ j j true

⊚ j j false

, 6) The jpredictive janalytics jis jan jimportant jaspect jof jdata janalytics jfor
jauditors, jbut jis j notapplicable jfor jtax jaccountants.

⊚ j j true

⊚ j j false
7) The jI jin jIMPACT jCycle jrepresents jIdentify jthe jQuestion.
⊚ j j true

⊚ j j false
8) The jM jin jIMPACT jCycle jrepresents jMaster jthe jData.
⊚ j j true

⊚ j j false
9) The jP jin jIMPACT jCycle jrepresents jPredict jthe jResults.
⊚ j j true

⊚ j j false
10) The jA jin jIMPACT jCycle jrepresents jAnalyze jthe jData.
⊚ j j true

⊚ j j false
11) The jC jin jIMPACT jCycle jrepresents jContinuously jTrack.
⊚ j j true

⊚ j j false
12) The jT jin jIMPACT jCycle jrepresents jTrack jOutcomes.
⊚ j j true

⊚ j j false