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DATA ANALYTICS FOR ACCOUNTING 3RD EDITION ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS

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Institution DATA ANALYTICS
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DATA ANALYTICS FOR ACCOUNTING 3RD EDITION ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS

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DATA ANALYTICS FOR ACCOUNTING 3RD
EDITION ACTUAL EXAM QUESTIONS AND
CORRECT ANSWERS

◉ Descriptive Analytics.
Answer: Analyzes past data to answer 'What happened?'


◉ Diagnostic Analytics.
Answer: Explores reasons behind past events, answering 'Why?'


◉ Predictive Analytics.
Answer: Forecasts future events, answering 'Will it happen?'


◉ Prescriptive Analytics.
Answer: Recommends actions based on expected outcomes.


◉ Data Analysis Questions.
Answer: What happened? Why? Will it happen? What to do?


◉ Counts in Analytics.
Answer: Frequency measures showing occurrence of events.

, ◉ Minimums and Maximums.
Answer: Extreme values summarizing data characteristics.


◉ Standard Deviation.
Answer: Measures data variability around the mean.


◉ Totals and Averages.
Answer: Summarizes performance metrics for analysis.


◉ Graphs in Analytics.
Answer: Visual representations like bar charts and histograms.


◉ Ratio Analytics.
Answer: Financial ratios comparing performance metrics.


◉ Percentage Change.
Answer: Measures growth or decline over time.


◉ Anomalies in Data.
Answer: Unusual results indicating potential issues.

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