SOLUTION MANUAL for Data Analytics for Accounting,
3rd Edition by Vernon Richardson, Chapters 1 - 9
1
,TABLE OF CONTENTS
oo oo
Chapteroo1:ooDataooAnalyticsooforooAccountingooandooIdentifyingootheooQuestions
Chapteroo2:ooMasteringootheooData
Chapteroo3:ooPerformingootheooTestooPlanooandooAnalyzingootheooResults
Chapteroo4:ooCommunicatingooResultsooandooVisualizations
Chapteroo5:ooTheooModernooAccountingooEnvironment
Chapteroo6:ooAuditooDataooAnalytics
Chapteroo7:ooManagerialooAnalytics
Chapteroo8:ooFinancialooStatementooAnalytics
Chapteroo9:ooTaxooAnalytics
2
,SolutionsooManualoo–ooChapteroo1
SolutionsootoooMultipleooChoiceooQuestions
1. (LOoo1-1)ooBigooDataooisoooftenoodescribedoobyootheoofourooVs,ooor
a. volume,oovelocity,ooveracity,ooandoovariability.
b. volume,oovelocity,ooveracity,ooandoovariety.
c. volume,oovolatility,ooveracity,ooandoovariability.
d. variability,oovelocity,ooveracity,ooandoovariety.
Answer:oob
2. LOoo1-
4)ooWhichoodataooapproachooattemptsootoooassignooeachoounitooinooaoopopulationoointoooaoosmalloosetooofoocl
assesoo(oroogroups)oowhereootheoounitoobestoofits?
a. Regression
b. Similarityoomatching
c. Co-occurrenceoogrouping
d. Classification
Answer:ood
3. (LOoo1-
4)ooWhichoodataooapproachooattemptsootoooidentifyoosimilarooindividualsoobasedooonoodataooknownooaboutoo
them?
a. Classification
b. Regression
c. Similarityoomatching
d. Dataooreduction
Answer:ooc
4. (LOoo1-4)ooWhichoodataooapproachooattemptsootooopredictooconnectionsoobetweenootwooodataooitems?
a. Profiling
b. Classification
c. Linkooprediction
d. Regression
3
, Answer:ooc
5. (LOoo1-
6)ooWhichooofootheseootermsooisoodefinedooasoobeingooaoocentraloorepositoryooofoodescriptionsooforooallooofoothe
oodataooattributesooofootheoodataset?
a. BigooData
b. Dataoowarehouse
c. Dataoodictionary
d. DataooAnalytics
Answer:ooc
6. (LOoo1-5)ooWhichooskillsoowereoonotooemphasizedoothatooanalytic-mindedooaccountantsooshouldoohave?
a. Developedooanooanalyticsoomindset
b. Dataooscrubbingooandoodataoopreparation
c. Classificationooofootestooapproaches
d. Statisticaloodataooanalysisoocompetency
Answer:ooc
7. (LOoo1-5)ooInoowhichooareasoowereooskillsoonotooemphasizedooforooanalytic-mindedooaccountants?
a. Dataooquality
b. Descriptiveoodataooanalysis
c. Dataoovisualizationooandoodataooreporting
d. Dataooandoosystemsooanalysisooandoodesign
Answer:ood
8. (LOoo1-4)ooTheooIMPACToocycleooincludesooallooexceptootheoofollowingoosteps:
a. performootestooplan.
b. visualizeootheoodata.
c. masterootheoodata.
d. trackoooutcomes.
Answer:oob
9. (LOoo1-4)ooTheooIMPACToocycleoospecificallyooincludesooallooexceptootheoofollowingoosteps:
a. dataoopreparation.
b. communicateooinsights.
c. addressooandoorefineooresults.
d. performootestooplan.
4
3rd Edition by Vernon Richardson, Chapters 1 - 9
1
,TABLE OF CONTENTS
oo oo
Chapteroo1:ooDataooAnalyticsooforooAccountingooandooIdentifyingootheooQuestions
Chapteroo2:ooMasteringootheooData
Chapteroo3:ooPerformingootheooTestooPlanooandooAnalyzingootheooResults
Chapteroo4:ooCommunicatingooResultsooandooVisualizations
Chapteroo5:ooTheooModernooAccountingooEnvironment
Chapteroo6:ooAuditooDataooAnalytics
Chapteroo7:ooManagerialooAnalytics
Chapteroo8:ooFinancialooStatementooAnalytics
Chapteroo9:ooTaxooAnalytics
2
,SolutionsooManualoo–ooChapteroo1
SolutionsootoooMultipleooChoiceooQuestions
1. (LOoo1-1)ooBigooDataooisoooftenoodescribedoobyootheoofourooVs,ooor
a. volume,oovelocity,ooveracity,ooandoovariability.
b. volume,oovelocity,ooveracity,ooandoovariety.
c. volume,oovolatility,ooveracity,ooandoovariability.
d. variability,oovelocity,ooveracity,ooandoovariety.
Answer:oob
2. LOoo1-
4)ooWhichoodataooapproachooattemptsootoooassignooeachoounitooinooaoopopulationoointoooaoosmalloosetooofoocl
assesoo(oroogroups)oowhereootheoounitoobestoofits?
a. Regression
b. Similarityoomatching
c. Co-occurrenceoogrouping
d. Classification
Answer:ood
3. (LOoo1-
4)ooWhichoodataooapproachooattemptsootoooidentifyoosimilarooindividualsoobasedooonoodataooknownooaboutoo
them?
a. Classification
b. Regression
c. Similarityoomatching
d. Dataooreduction
Answer:ooc
4. (LOoo1-4)ooWhichoodataooapproachooattemptsootooopredictooconnectionsoobetweenootwooodataooitems?
a. Profiling
b. Classification
c. Linkooprediction
d. Regression
3
, Answer:ooc
5. (LOoo1-
6)ooWhichooofootheseootermsooisoodefinedooasoobeingooaoocentraloorepositoryooofoodescriptionsooforooallooofoothe
oodataooattributesooofootheoodataset?
a. BigooData
b. Dataoowarehouse
c. Dataoodictionary
d. DataooAnalytics
Answer:ooc
6. (LOoo1-5)ooWhichooskillsoowereoonotooemphasizedoothatooanalytic-mindedooaccountantsooshouldoohave?
a. Developedooanooanalyticsoomindset
b. Dataooscrubbingooandoodataoopreparation
c. Classificationooofootestooapproaches
d. Statisticaloodataooanalysisoocompetency
Answer:ooc
7. (LOoo1-5)ooInoowhichooareasoowereooskillsoonotooemphasizedooforooanalytic-mindedooaccountants?
a. Dataooquality
b. Descriptiveoodataooanalysis
c. Dataoovisualizationooandoodataooreporting
d. Dataooandoosystemsooanalysisooandoodesign
Answer:ood
8. (LOoo1-4)ooTheooIMPACToocycleooincludesooallooexceptootheoofollowingoosteps:
a. performootestooplan.
b. visualizeootheoodata.
c. masterootheoodata.
d. trackoooutcomes.
Answer:oob
9. (LOoo1-4)ooTheooIMPACToocycleoospecificallyooincludesooallooexceptootheoofollowingoosteps:
a. dataoopreparation.
b. communicateooinsights.
c. addressooandoorefineooresults.
d. performootestooplan.
4
