,DOWNLOAD THE Test Bank for Data Analytics for Accounting 2nd Edition Richard
t t t t t t t t t t t
son
Data Analytics for Accounting 2nd Edition by Richardson
t t t t t t t
CH01
ANSWERS ARE LOCATED IN THE SECOND PART OF THIS DOCUMENT
t t t t t t t t t
TRUE/FALSEt-tWritet'T'tiftthetstatementtisttruetandt'F'tiftthetstatementtistfalse.
1) Datatanalyticstistthetprocesstoftevaluatingtdatatwithtthetpurposetoftdrawingtconclusionsttota
ddresstbusinesstquestions.
⊚ true
⊚ false
2) Thetprocesstoftdatatanalyticstaimsttottransformtrawtinformationtintotdatattotcreatetvalue.
⊚ true
⊚ false
3) Datatanalyticsthastthetpotentialttottransformtthetmannertintwhichtcompaniestrunttheirtbusi
nesses,thowevertittistnottpracticaltintthetneartfuture.
⊚ true
⊚ false
4) Auditorstcantusetsocialtmediattotheartwhattcustomerstaretsayingtabouttatcompanytandtcom
paretthisttotinventorytobsolescencetandtothertestimates.
⊚ true
⊚ false
5) Datatanalyticstallowstauditorsttotgleantinsightstthattaretbeneficialttotthetclient,twithouttbree
chingtindependence.
⊚ true
⊚ false
6) Thetpredictivetanalyticstistantimportanttaspecttoftdatatanalyticstfortauditors,tbuttistnottappl
icabletforttaxtaccountants.
⊚ true
⊚ false
7) ThetItintIMPACTtCycletrepresentstIdentifytthetQuestion.
Versiont1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Data Analytics for Accounting 2nd Edition Richard
t t t t t t t t t t t
son
Data Analytics for Accounting 2nd Edition by Richardson
t t t t t t t
CH01
⊚ true
⊚ false
8) ThetMtintIMPACTtCycletrepresentstMastertthetData.
⊚ true
⊚ false
9) ThetPtintIMPACTtCycletrepresentstPredicttthetResults.
⊚ true
⊚ false
10) ThetAtintIMPACTtCycletrepresentstAnalyzetthetData.
⊚ true
⊚ false
11) ThetCtintIMPACTtCycletrepresentstContinuouslytTrack.
⊚ true
⊚ false
12) ThetTtintIMPACTtCycletrepresentstTracktOutcomes.
⊚ true
⊚ false
13) ThetIMPACTtcycletistiterative,tastinsightstaretgained,toutcomestarettracked,tandtnewtques
tionstaretidentified.
⊚ true
⊚ false
14) Datatanalyticstprofessionalstestimatetthatttheytspendtbetweent25tpercenttandt70tpercenttoftt
heirttimetcleaningtdatatsotittcantbetanalyzed.
⊚ true
⊚ false
Versiont1 2
mynursytest.store
, DOWNLOAD THE Test Bank for Data Analytics for Accounting 2nd Edition Richard
t t t t t t t t t t t
son
Data Analytics for Accounting 2nd Edition by Richardson
t t t t t t t
CH01
15) Datatanalysistthroughtdatatmanipulationtistperformingtbasictanalysisttotunderstandtthetqua
litytoftthetunderlyingtdatatandtitstabilityttotaddresstthetbusinesstquestion.
⊚ true
⊚ false
16) Totbetproficienttintdatatanalysis,taccountantstneedttotbecometdatatscientists.
⊚ true
⊚ false
17) Bytdevelopingtantanalyticstmindset,taccountantstwilltbetablettotrecognizetwhentandthowtdatat
analyticstcantaddresstbusinesstquestions.
⊚ true
⊚ false
18) Whiletittistimportanttfortaccountantsttotclearlytarticulatetthetbusinesstproblem,tdrawingtapp
ropriatetconclusions,tbasedtontthetdata,tshouldtbetleftttotstatisticians.
⊚ true
⊚ false
19) Analytic-
mindedtaccountantstshouldtreporttresultstoftanalysistintantaccessibletwayttoteachtvariedtdecisiont
makertandttheirtspecifictneeds.
⊚ true
⊚ false
MULTIPLEtCHOICEt-
tChoosetthetonetalternativetthattbesttcompletestthetstatementtortanswerstthetquestion.
20) Withtatgoalttotgivetorganizationstthetinformationttheytneedttotmaketsoundtandttimelytbusi
nesstdecisions,tdatatanalyticstoftentinvolvestalltoftthetfollowingtexcept:
Versiont1 3
mynursytest.store
t t t t t t t t t t t
son
Data Analytics for Accounting 2nd Edition by Richardson
t t t t t t t
CH01
ANSWERS ARE LOCATED IN THE SECOND PART OF THIS DOCUMENT
t t t t t t t t t
TRUE/FALSEt-tWritet'T'tiftthetstatementtisttruetandt'F'tiftthetstatementtistfalse.
1) Datatanalyticstistthetprocesstoftevaluatingtdatatwithtthetpurposetoftdrawingtconclusionsttota
ddresstbusinesstquestions.
⊚ true
⊚ false
2) Thetprocesstoftdatatanalyticstaimsttottransformtrawtinformationtintotdatattotcreatetvalue.
⊚ true
⊚ false
3) Datatanalyticsthastthetpotentialttottransformtthetmannertintwhichtcompaniestrunttheirtbusi
nesses,thowevertittistnottpracticaltintthetneartfuture.
⊚ true
⊚ false
4) Auditorstcantusetsocialtmediattotheartwhattcustomerstaretsayingtabouttatcompanytandtcom
paretthisttotinventorytobsolescencetandtothertestimates.
⊚ true
⊚ false
5) Datatanalyticstallowstauditorsttotgleantinsightstthattaretbeneficialttotthetclient,twithouttbree
chingtindependence.
⊚ true
⊚ false
6) Thetpredictivetanalyticstistantimportanttaspecttoftdatatanalyticstfortauditors,tbuttistnottappl
icabletforttaxtaccountants.
⊚ true
⊚ false
7) ThetItintIMPACTtCycletrepresentstIdentifytthetQuestion.
Versiont1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Data Analytics for Accounting 2nd Edition Richard
t t t t t t t t t t t
son
Data Analytics for Accounting 2nd Edition by Richardson
t t t t t t t
CH01
⊚ true
⊚ false
8) ThetMtintIMPACTtCycletrepresentstMastertthetData.
⊚ true
⊚ false
9) ThetPtintIMPACTtCycletrepresentstPredicttthetResults.
⊚ true
⊚ false
10) ThetAtintIMPACTtCycletrepresentstAnalyzetthetData.
⊚ true
⊚ false
11) ThetCtintIMPACTtCycletrepresentstContinuouslytTrack.
⊚ true
⊚ false
12) ThetTtintIMPACTtCycletrepresentstTracktOutcomes.
⊚ true
⊚ false
13) ThetIMPACTtcycletistiterative,tastinsightstaretgained,toutcomestarettracked,tandtnewtques
tionstaretidentified.
⊚ true
⊚ false
14) Datatanalyticstprofessionalstestimatetthatttheytspendtbetweent25tpercenttandt70tpercenttoftt
heirttimetcleaningtdatatsotittcantbetanalyzed.
⊚ true
⊚ false
Versiont1 2
mynursytest.store
, DOWNLOAD THE Test Bank for Data Analytics for Accounting 2nd Edition Richard
t t t t t t t t t t t
son
Data Analytics for Accounting 2nd Edition by Richardson
t t t t t t t
CH01
15) Datatanalysistthroughtdatatmanipulationtistperformingtbasictanalysisttotunderstandtthetqua
litytoftthetunderlyingtdatatandtitstabilityttotaddresstthetbusinesstquestion.
⊚ true
⊚ false
16) Totbetproficienttintdatatanalysis,taccountantstneedttotbecometdatatscientists.
⊚ true
⊚ false
17) Bytdevelopingtantanalyticstmindset,taccountantstwilltbetablettotrecognizetwhentandthowtdatat
analyticstcantaddresstbusinesstquestions.
⊚ true
⊚ false
18) Whiletittistimportanttfortaccountantsttotclearlytarticulatetthetbusinesstproblem,tdrawingtapp
ropriatetconclusions,tbasedtontthetdata,tshouldtbetleftttotstatisticians.
⊚ true
⊚ false
19) Analytic-
mindedtaccountantstshouldtreporttresultstoftanalysistintantaccessibletwayttoteachtvariedtdecisiont
makertandttheirtspecifictneeds.
⊚ true
⊚ false
MULTIPLEtCHOICEt-
tChoosetthetonetalternativetthattbesttcompletestthetstatementtortanswerstthetquestion.
20) Withtatgoalttotgivetorganizationstthetinformationttheytneedttotmaketsoundtandttimelytbusi
nesstdecisions,tdatatanalyticstoftentinvolvestalltoftthetfollowingtexcept:
Versiont1 3
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