D522 DATA ANALYTICS FOR ACCOUNTANTS 1 OBJECTIVE
ASSESSMENT (OA) ACTUAL EXAM 2026/2027 COMPLETE ACCURATE
EXAM APPROVED QUESTIONS AND CORRECT VERIFIED ANSWERS
(DETAILED ANSWERS) LATEST UPDATED VERSION |GUARANTEED
PASS A+ (BRAND NEW!) |FULL REVISED EXAM
Which type of business management software combines programs from
all parts of a business, such as finance, accounting, manufacturing, and
human resources, into one single system?
Answer- Enterprise resource planning
A relational database contains two tables—a Supplier table and a
Purchase Order table. The Supplier table has two columns—Supplier ID
and Supplier Name. The Purchase Order table has three columns—PO
Number, Supplier ID, and Employee ID. What is true about the tables in
this case?
Answer- The Supplier ID column in the Purchase Order table is a
foreign key.
A software development company's financial analyst is required to
provide strategic inputs to management and has therefore requested data
from the product development team. What is true of such a data request
by the financial analyst?
,Answer- The financial analyst would have to specify the format in which
the data must be delivered.
A financial analyst at a tech company is working with a dataset that
contains the profit margins for each of the company's products sold in
the last three years. All transactions are filed in an Excel spreadsheet
with columns indicating details such as the product name and transaction
date. What is the fastest way for the analyst to create a table that shows
the monthly profit margins for each product?
Answer- By using PivotTables
An apparel manufacturing company recently assigned its finance
manager with a time series forecasting exercise on its sales and
inventory costs. The source database has the historical figures by date
going back the last five years. The finance manager finds that the dataset
they extracted contains nonprintable characters. What is a potential
reason for this?
Answer- The database contains dates or numbers stored as text.
An electric utilities service provider operating in three states has a large
relational database that contains information on its customers, customer
, payment details, month, and region. The service provider's auditor has to
verify some of the payment information. Which tool should the auditor
use to retrieve the data and perform data analysis?
Answer- The auditor should use SQL to retrieve the data and load the
data into Excel for further analysis.
A financial accountant in a footwear manufacturing company has to
analyze the financials of the last five years to refine the cost structure
going forward, especially related to inventory. The accountant has
already scoped the purpose of the data request and documented the
potential risks. What should they do immediately after this?
Answer- Determine what data is needed and in what format
An online lending company obtained aggregate market data on potential
customer segments and used it to target certain segments. However, the
defaults on those borrowers slowly increased after six months. What is a
potential reason for this from the standpoint of ethical data practices?
Answer- The company did not ensure that the market data was reliable.