SOLUTION MANUAL for Data Analytics for Accounting,
3rd Edition by Vernon Richardson, Chapters 1 - 9
1
,TABLE OF CONTENTS
Chapter u1: uData uAnalytics ufor uAccounting uand uIdentifying uthe uQuestions
Chapter u2: uMastering uthe uData
Chapter u3: uPerforming uthe uTest uPlan uand uAnalyzing uthe uResults
Chapter u4: uCommunicating uResults uand uVisualizations
Chapter u5: uThe uModern uAccounting uEnvironment
Chapter u6: uAudit uData uAnalytics
Chapter u7: uManagerial uAnalytics
Chapter u8: uFinancial uStatement uAnalytics
Chapter u9: uTax uAnalytics
2
,Solutions uManual u– uChapter u1
Solutions uto uMultiple uChoice uQuestions
1. (LO u1-1) uBig uData uis uoften udescribed uby uthe ufour uVs, uor
a. volume, uvelocity, uveracity, uand uvariability.
b. volume, uvelocity, uveracity, uand uvariety.
c. volume, uvolatility, uveracity, uand uvariability.
d. variability, uvelocity, uveracity, uand uvariety.
Answer: ub
2. LO u1-4) uWhich udata uapproach uattempts uto uassign ueach uunit uin ua upopulation uinto ua usmall uset uof
uclasses u(or ugroups) uwhere uthe uunit ubest ufits?
a. Regression
b. Similarity umatching
c. Co-occurrence ugrouping
d. Classification
Answer: ud
3. (LO u1-4) uWhich udata uapproach uattempts uto uidentify usimilar uindividuals ubased uon udata uknown
uabout uthem?
a. Classification
b. Regression
c. Similarity umatching
d. Data ureduction
Answer: uc
4. (LO u1-4) uWhich udata uapproach uattempts uto upredict uconnections ubetween utwo udata uitems?
a. Profiling
b. Classification
c. Link uprediction
d. Regression
3
, Answer: uc
5. (LO u1-6) uWhich uof uthese uterms uis udefined uas ubeing ua ucentral urepository uof udescriptions ufor uall uof
uthe udata uattributes uof uthe udataset?
a. Big uData
b. Data uwarehouse
c. Data udictionary
d. Data uAnalytics
Answer: uc
6. (LO u1-5) uWhich uskills uwere unot uemphasized uthat uanalytic-minded uaccountants ushould uhave?
a. Developed uan uanalytics umindset
b. Data uscrubbing uand udata upreparation
c. Classification uof utest uapproaches
d. Statistical udata uanalysis ucompetency
Answer: uc
7. (LO u1-5) uIn uwhich uareas uwere uskills unot uemphasized ufor uanalytic-minded uaccountants?
a. Data uquality
b. Descriptive udata uanalysis
c. Data uvisualization uand udata ureporting
d. Data uand usystems uanalysis uand udesign
Answer: ud
8. (LO u1-4) uThe uIMPACT ucycle uincludes uall uexcept uthe ufollowing usteps:
a. perform utest uplan.
b. visualize uthe udata.
c. master uthe udata.
d. track uoutcomes.
Answer: ub
9. (LO u1-4) uThe uIMPACT ucycle uspecifically uincludes uall uexcept uthe ufollowing usteps:
a. data upreparation.
b. communicate uinsights.
c. address uand urefine uresults.
d. perform utest uplan.
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3rd Edition by Vernon Richardson, Chapters 1 - 9
1
,TABLE OF CONTENTS
Chapter u1: uData uAnalytics ufor uAccounting uand uIdentifying uthe uQuestions
Chapter u2: uMastering uthe uData
Chapter u3: uPerforming uthe uTest uPlan uand uAnalyzing uthe uResults
Chapter u4: uCommunicating uResults uand uVisualizations
Chapter u5: uThe uModern uAccounting uEnvironment
Chapter u6: uAudit uData uAnalytics
Chapter u7: uManagerial uAnalytics
Chapter u8: uFinancial uStatement uAnalytics
Chapter u9: uTax uAnalytics
2
,Solutions uManual u– uChapter u1
Solutions uto uMultiple uChoice uQuestions
1. (LO u1-1) uBig uData uis uoften udescribed uby uthe ufour uVs, uor
a. volume, uvelocity, uveracity, uand uvariability.
b. volume, uvelocity, uveracity, uand uvariety.
c. volume, uvolatility, uveracity, uand uvariability.
d. variability, uvelocity, uveracity, uand uvariety.
Answer: ub
2. LO u1-4) uWhich udata uapproach uattempts uto uassign ueach uunit uin ua upopulation uinto ua usmall uset uof
uclasses u(or ugroups) uwhere uthe uunit ubest ufits?
a. Regression
b. Similarity umatching
c. Co-occurrence ugrouping
d. Classification
Answer: ud
3. (LO u1-4) uWhich udata uapproach uattempts uto uidentify usimilar uindividuals ubased uon udata uknown
uabout uthem?
a. Classification
b. Regression
c. Similarity umatching
d. Data ureduction
Answer: uc
4. (LO u1-4) uWhich udata uapproach uattempts uto upredict uconnections ubetween utwo udata uitems?
a. Profiling
b. Classification
c. Link uprediction
d. Regression
3
, Answer: uc
5. (LO u1-6) uWhich uof uthese uterms uis udefined uas ubeing ua ucentral urepository uof udescriptions ufor uall uof
uthe udata uattributes uof uthe udataset?
a. Big uData
b. Data uwarehouse
c. Data udictionary
d. Data uAnalytics
Answer: uc
6. (LO u1-5) uWhich uskills uwere unot uemphasized uthat uanalytic-minded uaccountants ushould uhave?
a. Developed uan uanalytics umindset
b. Data uscrubbing uand udata upreparation
c. Classification uof utest uapproaches
d. Statistical udata uanalysis ucompetency
Answer: uc
7. (LO u1-5) uIn uwhich uareas uwere uskills unot uemphasized ufor uanalytic-minded uaccountants?
a. Data uquality
b. Descriptive udata uanalysis
c. Data uvisualization uand udata ureporting
d. Data uand usystems uanalysis uand udesign
Answer: ud
8. (LO u1-4) uThe uIMPACT ucycle uincludes uall uexcept uthe ufollowing usteps:
a. perform utest uplan.
b. visualize uthe udata.
c. master uthe udata.
d. track uoutcomes.
Answer: ub
9. (LO u1-4) uThe uIMPACT ucycle uspecifically uincludes uall uexcept uthe ufollowing usteps:
a. data upreparation.
b. communicate uinsights.
c. address uand urefine uresults.
d. perform utest uplan.
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