SOLUTION MANUAL ww
Data Analytics for Accounting, 3rd Editio
ww ww ww ww ww
n by Vernon Richardson, Chapters 1 -
ww ww ww ww ww
9
ww
1
,Chapterww1:wwDatawwAnalyticswwforwwAccountingwwandwwIdentifyingwwthewwQuestionsw w Chapterww2:wwMasteringwwthewwD
ata
Chapterww3:wwPerformingwwthewwTestwwPlanwwandwwAnalyzingwwthewwResultsw w Chapterww4:wwCommunicatingwwResults
andwwVisualizations
ww
Chapterww5:wwThewwModernwwAccountingwwEnvironmentw w Chapterww6:wwAuditwwD
atawwAnalytics
Chapterww7:wwManagerialwwAnalytics
Chapterww8:wwFinancialwwStatementwwAnalyticsw w Chapterww9:wwTaxwwAnalytics
2
,SolutionswwManualww–wwChapterww1
SolutionswwtowwMultiplewwChoicewwQuestions
1. (LOww1-1)wwBigwwDatawwiswwoftenwwdescribedwwbywwthewwfourwwVs,wwor
a. volume,wwvelocity,wwveracity,wwandwwvariability.
b. volume,wwvelocity,wwveracity,wwandwwvariety.
c. volume,wwvolatility,wwveracity,wwandwwvariability.
d. variability,wwvelocity,wwveracity,wwandwwvariety.
Answer:wwb
2. LOww1-
4)wwWhichwwdatawwapproachwwattemptswwtowwassignwweachwwunitwwinwwawwpopulationwwintowwawwsmal
lwwsetw w ofclassesww(orwwgroups)wwwherewwthewwunitwwbestwwfits?
a. Regression
b. Similaritywwmatching
c. Co-occurrencewwgrouping
d. Classification
Answer:wwd
3. (LOww1-
4)wwWhichwwdatawwapproachwwattemptswwtowwidentifywwsimilarwwindividualswwbasedwwonwwdat
aw w knownaboutwwthem?
a. Classification
b. Regression
c. Similaritywwmatching
d. Datawwreduction
Answer:wwc
4. (LOww1-
4)wwWhichwwdatawwapproachwwattemptswwtowwpredictwwconnectionswwbetweenwwtwowwdatawwitems?
a. Profiling
b. Classification
c. Linkwwprediction
d. Regression
3
, Answer:wwc
5. (LOww1-
6)wwWhichwwofwwthesewwtermswwiswwdefinedwwaswwbeingwwawwcentralwwrepositorywwofwwdescriptionswwforww
allwwofw w thewwdatawwattributeswwofwwthewwdataset?
a. BigwwData
b. Datawwwarehouse
c. Datawwdictionary
d. DatawwAnalytics
Answer:wwc
6. (LOww1-5)wwWhichwwskillswwwerewwnotwwemphasizedwwthatwwanalytic-
mindedwwaccountantswwshouldwwhave?
a. Developedwwanwwanalyticswwmindset
b. Datawwscrubbingwwandwwdatawwpreparation
c. Classificationwwofwwtestwwapproaches
d. Statisticalwwdatawwanalysiswwcompetency
Answer:wwc
7. (LOww1-5)wwInwwwhichwwareaswwwerewwskillswwnotwwemphasizedwwforwwanalytic-mindedwwaccountants?
a. Datawwquality
b. Descriptivewwdatawwanalysis
c. Datawwvisualizationwwandwwdatawwreporting
d. Datawwandwwsystemswwanalysiswwandwwdesign
Answer:wwd
8. (LOww1-4)wwThewwIMPACTwwcyclewwincludeswwallwwexceptwwthewwfollowingwwsteps:
a. performwwtestwwplan.
b. visualizewwthewwdata.
c. masterwwthewwdata.
d. trackwwoutcomes.
Answer:wwb
9. (LOww1-4)wwThewwIMPACTwwcyclewwspecificallywwincludeswwallwwexceptwwthewwfollowingwwsteps:
a. datawwpreparation.
b. communicatewwinsights.
c. addresswwandwwrefinewwresults.
d. performwwtestwwplan.
4
Data Analytics for Accounting, 3rd Editio
ww ww ww ww ww
n by Vernon Richardson, Chapters 1 -
ww ww ww ww ww
9
ww
1
,Chapterww1:wwDatawwAnalyticswwforwwAccountingwwandwwIdentifyingwwthewwQuestionsw w Chapterww2:wwMasteringwwthewwD
ata
Chapterww3:wwPerformingwwthewwTestwwPlanwwandwwAnalyzingwwthewwResultsw w Chapterww4:wwCommunicatingwwResults
andwwVisualizations
ww
Chapterww5:wwThewwModernwwAccountingwwEnvironmentw w Chapterww6:wwAuditwwD
atawwAnalytics
Chapterww7:wwManagerialwwAnalytics
Chapterww8:wwFinancialwwStatementwwAnalyticsw w Chapterww9:wwTaxwwAnalytics
2
,SolutionswwManualww–wwChapterww1
SolutionswwtowwMultiplewwChoicewwQuestions
1. (LOww1-1)wwBigwwDatawwiswwoftenwwdescribedwwbywwthewwfourwwVs,wwor
a. volume,wwvelocity,wwveracity,wwandwwvariability.
b. volume,wwvelocity,wwveracity,wwandwwvariety.
c. volume,wwvolatility,wwveracity,wwandwwvariability.
d. variability,wwvelocity,wwveracity,wwandwwvariety.
Answer:wwb
2. LOww1-
4)wwWhichwwdatawwapproachwwattemptswwtowwassignwweachwwunitwwinwwawwpopulationwwintowwawwsmal
lwwsetw w ofclassesww(orwwgroups)wwwherewwthewwunitwwbestwwfits?
a. Regression
b. Similaritywwmatching
c. Co-occurrencewwgrouping
d. Classification
Answer:wwd
3. (LOww1-
4)wwWhichwwdatawwapproachwwattemptswwtowwidentifywwsimilarwwindividualswwbasedwwonwwdat
aw w knownaboutwwthem?
a. Classification
b. Regression
c. Similaritywwmatching
d. Datawwreduction
Answer:wwc
4. (LOww1-
4)wwWhichwwdatawwapproachwwattemptswwtowwpredictwwconnectionswwbetweenwwtwowwdatawwitems?
a. Profiling
b. Classification
c. Linkwwprediction
d. Regression
3
, Answer:wwc
5. (LOww1-
6)wwWhichwwofwwthesewwtermswwiswwdefinedwwaswwbeingwwawwcentralwwrepositorywwofwwdescriptionswwforww
allwwofw w thewwdatawwattributeswwofwwthewwdataset?
a. BigwwData
b. Datawwwarehouse
c. Datawwdictionary
d. DatawwAnalytics
Answer:wwc
6. (LOww1-5)wwWhichwwskillswwwerewwnotwwemphasizedwwthatwwanalytic-
mindedwwaccountantswwshouldwwhave?
a. Developedwwanwwanalyticswwmindset
b. Datawwscrubbingwwandwwdatawwpreparation
c. Classificationwwofwwtestwwapproaches
d. Statisticalwwdatawwanalysiswwcompetency
Answer:wwc
7. (LOww1-5)wwInwwwhichwwareaswwwerewwskillswwnotwwemphasizedwwforwwanalytic-mindedwwaccountants?
a. Datawwquality
b. Descriptivewwdatawwanalysis
c. Datawwvisualizationwwandwwdatawwreporting
d. Datawwandwwsystemswwanalysiswwandwwdesign
Answer:wwd
8. (LOww1-4)wwThewwIMPACTwwcyclewwincludeswwallwwexceptwwthewwfollowingwwsteps:
a. performwwtestwwplan.
b. visualizewwthewwdata.
c. masterwwthewwdata.
d. trackwwoutcomes.
Answer:wwb
9. (LOww1-4)wwThewwIMPACTwwcyclewwspecificallywwincludeswwallwwexceptwwthewwfollowingwwsteps:
a. datawwpreparation.
b. communicatewwinsights.
c. addresswwandwwrefinewwresults.
d. performwwtestwwplan.
4
