INTRO TO DATA ANALYTICS IN ACCOUNTING (CHAPTERS 1-4) QUESTIONS CORRECTLY ANSWERED 2024

INTRO TO DATA ANALYTICS IN
ACCOUNTING (CHAPTERS 1-4)
QUESTIONS CORRECTLY ANSWERED
2024

information nboverload nb- nbAnswer nb✔✔ nb- nb nb nbaccess nbor nbexposure nbto nbtoo
nbmuch nbinformation nbto nbbe nbable nbto nbprocess


bloom's nbtaxonomy nb- nbAnswer nb✔✔ nb- nb nb nba nbhierarchical nbview nbof nbthinking
nband nblearning nbskills. nbcreate, nbevaluate, nbanalyze, nbapply, nbunderstand,
nbremember.


create nb- nbAnswer nb✔✔ nb- nb nb nbcombining nbparts nbto nbmake nba nbnew nbwhole.

evaluate nb- nbAnswer nb✔✔ nb- nb nb nbjudging nbthe nbvalue nbof nbinformation nbor nbideas.

analyze nb- nbAnswer nb✔✔ nb- nb nb nbbreaking nbdown nbinformation nbinto nbcomponent
nbparts.


apply nb- nbAnswer nb✔✔ nb- nb nb nbapplying nbthe nbfacts, nbrules, nbconcepts, nband
nbideas.


understand nb- nbAnswer nb✔✔ nb- nb nb nbunderstanding nbwhat nbthe nbfacts nbmean.

remember nb- nbAnswer nb✔✔ nb- nb nb nbrecognizing nband nbrecalling nbfacts.

data nbanalytics nb- nbAnswer nb✔✔ nb- nb nb nbthe nbprocess nbof nbevaluating nbdata nbwith
nbthe nbpurpose nbof nbdrawing nbconclusions nbto nbaddress nball nbtypes nbof nbquestions,
nbincluding nbaccounting nbquestions.


AMPS nbmodel nb- nbAnswer nb✔✔ nb- nb nb nba nbframework nbfor nbperforming nbdata
nbanalytics, nbwhich nbincludes nbAsk nbthe nbquestion, nbMaster nbthe nbdata, nbPerform
nbthe nbanalysis, nband nbShare nbthe nbstory.


data nbintegrity nb- nbAnswer nb✔✔ nb- nb nb nbthe nbaccuracy, nbvalidity, nband nbconsistency
nbof nbdata nbused nband nbstored nbover nbtime. nbthe nbtruth nbin nbdata, nbor nbhow nbthe
nbdata nbpresents nbthe nbtruth nbof nbthe nbunderlying nbtransactions nbor nbevents nbthat
nboccurred.

, visualizations nb- nbAnswer nb✔✔ nb- nb nb nbthe nbrepresentations nbof nbinformation nbas nba
nbgraph, nbchart, nbor nbother nbimage.


dashboard nb- nbAnswer nb✔✔ nb- nb nb nba nbgraphical nbsummary nbof nbvarious
nbmeasures nbtracked nbby nba nbcompany.


static nb- nbAnswer nb✔✔ nb- nb nb nbcharacterized nbby nbthe nblack nbof nbconstant nbupdate,
nbchange, nbor nbactivity.


dynamic nb- nbAnswer nb✔✔ nb- nb nb nbcharacterized nbby nbconstant nbupdate, nbchange,
nbor nbactivity.


pivottables nb- nbAnswer nb✔✔ nb- nb nb nba nbtool nbthat nballows nbreorganization nband
nbsummarization nbof nbcertain nbdata nbusing nbcrosstabulations nbwithout nbchanging nbthe
nbunderlying nbspreadsheet nbor nbdata.


accounting nbdata nbanalytics nb- nbAnswer nb✔✔ nb- nb nb nbthe nbtechnologies, nbsystems,
nbpractices, nbmethodologies, nbdatabases, nbstatistics, nband nbapplications nbused nbto
nbanalyze nbdiverse nbaccounting nband nbnonaccounting nbdata nbto nbgive nborganizations
nbthe nbinformation nbthey nbneed nbto nbmake nbsound nband nbtimely nbbusiness
nbdecisions.


audit nb- nbAnswer nb✔✔ nb- nb nb nban nbassessment nbof nbthe nbaccounting nbprinciples
nbused nband nbsignificant nbestimates nbmade; nbit nbevaluates nbthe nboverall nbfinancial
nbstatement nbpresentation.


big nbdata nb- nbAnswer nb✔✔ nb- nb nb nbdatasets nbthat nbare nbtoo nblarge nband nbcomplex
nbfor nbbusinesses' nbexisting nbsystems nb(traditional nbcapabilities) nbto nbcapture, nbstore,
nbmanage, nband nbanalyze.


structured nbdata nb- nbAnswer nb✔✔ nb- nb nb nbhighly nborganized nbdata nbthat nbfits nbnicely
nbin nba nbtable nbor nbin nba nbdatabase. nban nbexcel nbspreadsheet, nbor nbbalance nbsheet
nbor nbincome nbstatement nbin nba nbgood nbexample.


unstructured nbdata nb- nbAnswer nb✔✔ nb- nb nb nbdata nbwithout nbinternal nborganization
nbor nbstructure. nbblogs nband nbsocial nbmedia nband nbpictures nbposted nbin nbInstagram
nbwould nbboth nbbe nbexamples.


semi nbstructured nbdata nb- nbAnswer nb✔✔ nb- nb nb nbdata nbwithout nbinternal
nborganization nbor nbstructure nbbut nbthat nbhas nbtags nbexplaining nbwhat nbthe nbdata
nbrepresents. nbex: nbXBRL.


veracity nb- nbAnswer nb✔✔ nb- nb nb nbthe nbunderlying nbquality nbof nbthe nbdata, nbas nbto
nbwhether nbthe nbdata nbis nbtrue nbor nbaccurate nbor nbclean nband nbis nbworthy nbof nbtrust.