TESTBANK AnalyticsforAccounting,3rd EditionByVernonRichardson,Chapters1–9

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TESTBANK AnalyticsforAccounting,3rd
EditionByVernonRichardson,Chapters1–9




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Chapter 1: Data Analytics for Accounting and Identifying the Questio
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ns
Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results Chapt
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er 4: Communicating Results and Visualizations
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Chapter 5: The Modern Accounting Environment
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Chapter 6: Audit Data Analytics
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Chapter 7: Managerial Analytics
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Chapter 8: Financial Statement Analytics Chapte
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r 9: Tax Analytics
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Answers are at the End of Each Chapter
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Chapter 01:
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Student name:
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1) DataHanalyticsHisHtheHprocessHofHevaluatingHdataHwithHtheHpurposeHofHdrawingHconclusio
nsHtoaddressHbusinessHquestions.
⊚H true
⊚H false



2) TheHprocessHofHdataHanalyticsHaimsHtoHtransformHrawHinformationHintoHdataHtoHcreateHvalue.
⊚H true
⊚H false



3) DataHanalyticsHhasHtheHpotentialHtoHtransformHtheHmannerHinHwhichHcompaniesHr
unHtheirbusinesses,HhoweverHitHisHnotHpracticalHinHtheHnearHfuture.
⊚H true
⊚H false



4) AuditorsHcanHuseHsocialHmediaHtoHhearHwhatHcustomersHareHsayingHaboutHaHcompa
nyHandcompareHthisHtoHinventoryHobsolescenceHandHotherHestimates.
⊚H true
⊚H false



5) DataHanalyticsHallowsHauditorsHtoHgleanHinsightsHthatHareHbeneficialHtoHtheHclie
nt,HwithoutbreechingHindependence.
⊚H true
⊚H false




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6) TheHpredictiveHanalyticsHisHanHimportantHaspectHofHdataHanalyticsHforHauditors,Hbut
HisHnotapplicableHforHtaxHaccountants.
⊚H true
⊚H false



7) TheHIHinHIMPACTHCycleHrepresentsHIdentifyHtheHQuestion.
⊚H true
⊚H false



8) TheHMHinHIMPACTHCycleHrepresentsHMasterHtheHData.
⊚H true
⊚H false



9) TheHPHinHIMPACTHCycleHrepresentsHPredictHtheHResults.
⊚H true
⊚H false



10) TheHAHinHIMPACTHCycleHrepresentsHAnalyzeHtheHData.
⊚H true
⊚H false



11) TheHCHinHIMPACTHCycleHrepresentsHContinuouslyHTrack.
⊚H true
⊚H false



12) TheHTHinHIMPACTHCycleHrepresentsHTrackHOutcomes.
⊚H true
⊚H false




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