Test Bank for Data Analytics for Accounting, 3rd Edition by Vernon Richardson and Ryan Teeter Chapters 1-11 Covered

Test Bank
Data Analytics for Accounting,
3rd Edition by Vernon Richardson and Ryan Teeter
Chapters 1-11 Covered




1

, TABLE OF CONTENT
y y




Chaptery1:yDatayAnalyticsyforyAccountingyandyIdentifyingytheQuestions?


Chaptery2:yMasteringytheyData?


Chaptery3:yPerformingytheyTestyPlanyandyAnalyzingytheResults?


Chaptery4:yCommunicatingyResultsyandyVisualizations?


Chaptery5:yTheyModernyAccountingyEnvironment?


Chaptery6:yAudityDatayAnalytics?


Chaptery7:yManagerialyAnalytics?


Chaptery8:yFinancialyStatementyAnalytics?


Chaptery9:yTaxyAnalytics?


Chaptery10:yProjectyChaptery(Basic)?


Chaptery11:yProjectyChaptery(Advanced):yAnalyzingyDillard’sDataytoyPredictySalesyReturns?




2

,Chapter 01 3e
y y
Answers Included
y




TRUE/FALSEy-yWritey'T'yifytheystatementyisytrueyandy'F'yifytheystatementyisyfalse.
1) Datayanalyticsyisytheyprocessyofyevaluatingydataywithytheypurposeyofydrawingyconclusionsy
toyaddressybusinessyquestions.
⊚ true
⊚ false



2) Theyprocessyofydatayanalyticsyaimsytoytransformyrawyinformationyintoydataytoycreateyvalue.
⊚ true
⊚ false



3) Datayanalyticsyhasytheypotentialytoytransformytheymanneryinywhichycompaniesyrunytheiry
businesses,yhoweveryityisynotypracticalyinytheynearyfuture.
⊚ true
⊚ false



4) Auditorsycanyuseysocialymediaytoyhearywhatycustomersyareysayingyaboutyaycompanyyand
ycompareythisytoyinventoryyobsolescenceyandyotheryestimates.


⊚ true
⊚ false



5) Datayanalyticsyallowsyauditorsytoygleanyinsightsythatyareybeneficialytoytheyclient,ywithouty
breechingyindependence.
⊚ true
⊚ false



6) Theypredictiveyanalyticsyisyanyimportantyaspectyofydatayanalyticsyforyauditors,ybutyisynoty
applicableyforytaxyaccountants.
⊚ true
⊚ false



7) TheyIyinyIMPACTyCycleyrepresentsyIdentifyytheyQuestion.

3

, ⊚ true
⊚ false



8) TheyMyinyIMPACTyCycleyrepresentsyMasterytheyData.
⊚ true
⊚ false



9) TheyPyinyIMPACTyCycleyrepresentsyPredictytheyResults.
⊚ true
⊚ false



10) TheyAyinyIMPACTyCycleyrepresentsyAnalyzeytheyData.
⊚ true
⊚ false



11) TheyCyinyIMPACTyCycleyrepresentsyContinuouslyyTrack.
⊚ true
⊚ false



12) TheyTyinyIMPACTyCycleyrepresentsyTrackyOutcomes.
⊚ true
⊚ false



13) TheyIMPACTycycleyisyiterative,yasyinsightsyareygained,youtcomesyareytracked,yandynewyq
uestionsyareyidentified.
⊚ true
⊚ false



14) Datayanalysisythroughydataymanipulationyisyperformingybasicyanalysisytoyunderstandythey
qualityyofytheyunderlyingydatayandyitsyabilityytoyaddressytheybusinessyquestion.
⊚ true
⊚ false

4