Solution manual for data analytics for accounting 3rd edition richardson

1

,TABLE OF CONTENTS
u u




Chapter 1: Data Analytics for Accounting and Identifying the Questions
u u u u u u u u u




Chapter 2: Mastering the Data
u u u u




Chapter 3: Performing the Test Plan and Analyzing the Results
u u u u u u u u u




Chapter 4: Communicating Results and Visualizations
u u u u u




Chapter 5: The Modern Accounting Environment
u u u u u




Chapter 6: Audit Data Analytics
u u u u




Chapter 7: Managerial Analytics
u u u




Chapter 8: Financial Statement Analytics
u u u u




Chapter 9: Tax Analytics
u u u




2

,Solutions Manual – Chapter 1
u u u u


SolutionsutouMultipleuChoiceuQuestions

1. (LOu1-1)uBiguDatauisuoftenudescribedubyutheufouruVs,uor

a. volume,uvelocity,uveracity,uanduvariability.
b. volume,uvelocity,uveracity,uanduvariety.
c. volume,uvolatility,uveracity,uanduvariability.
d. variability,uvelocity,uveracity,uanduvariety.

Answer:ub

2. LOu1-
4)uWhichudatauapproachuattemptsutouassignueachuunituinuaupopulationuintouausmallusetuofuclassesu(orugroups)u
whereutheuunitubestufits?

a. Regression
b. Similarityumatching
c. Co-occurrenceugrouping
d. Classification

Answer:ud

3. (LOu1-
4)uWhichudatauapproachuattemptsutouidentifyusimilaruindividualsubaseduonudatauknownuaboututhem?

a. Classification
b. Regression
c. Similarityumatching
d. Dataureduction

Answer:uc

4. (LOu1-4)uWhichudatauapproachuattemptsutoupredictuconnectionsubetweenutwoudatauitems?

a. Profiling
b. Classification
c. Linkuprediction
d. Regression




3

, Answer:uc


5. (LOu1-
6)uWhichuofutheseutermsuisudefineduasubeinguaucentralurepositoryuofudescriptionsuforualluofutheudatauattributesuo
futheudataset?

a. BiguData
b. Datauwarehouse
c. Dataudictionary
d. DatauAnalytics

Answer:uc

6. (LOu1-5)uWhichuskillsuwereunotuemphasizeduthatuanalytic-mindeduaccountantsushoulduhave?

a. Developeduanuanalyticsumindset
b. Datauscrubbinguandudataupreparation
c. Classificationuofutestuapproaches
d. Statisticaludatauanalysisucompetency

Answer:uc

7. (LOu1-5)uInuwhichuareasuwereuskillsunotuemphasizeduforuanalytic-mindeduaccountants?

a. Datauquality
b. Descriptiveudatauanalysis
c. Datauvisualizationuandudataureporting
d. Datauandusystemsuanalysisuandudesign

Answer:ud

8. (LOu1-4)uTheuIMPACTucycleuincludesualluexceptutheufollowingusteps:

a. performutestuplan.
b. visualizeutheudata.
c. masterutheudata.
d. trackuoutcomes.

Answer:ub

9. (LOu1-4)uTheuIMPACTucycleuspecificallyuincludesualluexceptutheufollowingusteps:

a. dataupreparation.
b. communicateuinsights.
c. addressuandurefineuresults.
d. performutestuplan.

4