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

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Test Bank - Data Analytics for Accounting, 3rd Edition By Vernon Richardson, Ryan Teeter and Katie Terrell. ISBN13: 4908. 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  Chapter 10: Project Chapter (Basic)  Chapter 11: Project Chapter (Advanced): Analyzing Dillard’s Data to Predict Sales Returns

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TESTBANKl




DataAnalyticsforAccounting,3rdEdition
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byVernonRichardson,Chapters1–9
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,Chapter1:DataAnalyticsforAccountingandIdentifyingthe Questions
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Chapter2:MasteringtheData
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Chapter3:PerformingtheTestPlanandAnalyzingthe Results Chapter4:Communicating
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ResultsandVisualizations
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Chapter5:TheModernAccountingEnvironment Chapter6:Audit
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DataAnalytics
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Chapter7:ManagerialAnalytics
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Chapter8:FinancialStatementAnalytics Chapter9:TaxAnalytics
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,AnswersareattheEndofEachChapter
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Chapter01: l




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1) Dataanalyticsistheprocessofevaluatingdatawiththepurposeof drawing
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conclusions toaddressbusinessquestions.
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2) Theprocessofdataanalyticsaimstotransformrawinformationinto datatocreatevalue.
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3) Dataanalyticshasthepotentialtotransformthemannerinwhichcompaniesrun
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theirbusinesses,howeveritisnotpractical inthenearfuture.
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4) Auditorscanusesocialmediatohearwhatcustomersaresayingabouta
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company andcomparethistoinventoryobsolescenceandotherestimates.
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5) Dataanalyticsallowsauditorstogleaninsightsthatarebeneficialtothe
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client, withoutbreechingindependence.
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, 6) Thepredictiveanalyticsisanimportantaspectof dataanalyticsforauditors,
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butis notapplicablefortaxaccountants.
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7) TheIinIMPACTCyclerepresentsIdentifytheQuestion.
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8) TheMinIMPACTCyclerepresentsMastertheData.
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9) ThePinIMPACTCyclerepresentsPredicttheResults.
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10) TheAinIMPACTCyclerepresentsAnalyzetheData.
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11) TheCinIMPACTCyclerepresentsContinuouslyTrack.
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12) TheTinIMPACTCyclerepresentsTrackOutcomes.
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Vernon J. Richardson, Ryan Teeter, Katie L. Terrell Data Analytics for Accounting
Publisher: 2018 ISBN: 9781260288407 Edition: Unknown

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  • 3rd edition
  • vernon richardson
  • data analytics for accounting
  • test bank

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