Test bank for data analytics for accounting 3rd edition by Vernon Richardson

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,TABLE OF CONTENTS
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Chapter 1: Data Analytics for Accounting and Identifying the Questions
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Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results
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Chapter 4: Communicating Results and Visualizations
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Chapter 5: The Modern Accounting Environment
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Chapter 6: Audit Data Analytics
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Chapter 7: Managerial Analytics
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Chapter 8: Financial Statement Analytics
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Chapter 9: Tax Analytics
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,Solutions Manual – Chapter 1
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SolutionsEtoEMultipleEChoiceEQuestions

1. (LOE1-1)EBigEDataEisEoftenEdescribedEbyEtheEfourEVs,Eor

a. volume,Evelocity,Everacity,EandEvariability.
b. volume,Evelocity,Everacity,EandEvariety.
c. volume,Evolatility,Everacity,EandEvariability.
d. variability,Evelocity,Everacity,EandEvariety.

Answer:Eb

2. LOE1-
4)EWhichEdataEapproachEattemptsEtoEassignEeachEunitEinEaEpopulationEintoEaEsmallEsetEofEclassesE(orEgroups)E
whereEtheEunitEbestEfits?

a. Regression
b. SimilarityEmatching
c. Co-occurrenceEgrouping
d. Classification

Answer:Ed

3. (LOE1-
4)EWhichEdataEapproachEattemptsEtoEidentifyEsimilarEindividualsEbasedEonEdataEknownEaboutEthem?

a. Classification
b. Regression
c. SimilarityEmatching
d. DataEreduction

Answer:Ec

4. (LOE1-4)EWhichEdataEapproachEattemptsEtoEpredictEconnectionsEbetweenEtwoEdataEitems?

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




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, Answer:Ec


5. (LOE1-
6)EWhichEofEtheseEtermsEisEdefinedEasEbeingEaEcentralErepositoryEofEdescriptionsEforEallEofEtheEdataEattributesEofE
theEdataset?

a. BigEData
b. DataEwarehouse
c. DataEdictionary
d. DataEAnalytics

Answer:Ec

6. (LOE1-5)EWhichEskillsEwereEnotEemphasizedEthatEanalytic-mindedEaccountantsEshouldEhave?

a. DevelopedEanEanalyticsEmindset
b. DataEscrubbingEandEdataEpreparation
c. ClassificationEofEtestEapproaches
d. StatisticalEdataEanalysisEcompetency

Answer:Ec

7. (LOE1-5)EInEwhichEareasEwereEskillsEnotEemphasizedEforEanalytic-mindedEaccountants?

a. DataEquality
b. DescriptiveEdataEanalysis
c. DataEvisualizationEandEdataEreporting
d. DataEandEsystemsEanalysisEandEdesign

Answer:Ed

8. (LOE1-4)ETheEIMPACTEcycleEincludesEallEexceptEtheEfollowingEsteps:

a. performEtestEplan.
b. visualizeEtheEdata.
c. masterEtheEdata.
d. trackEoutcomes.

Answer:Eb

9. (LOE1-4)ETheEIMPACTEcycleEspecificallyEincludesEallEexceptEtheEfollowingEsteps:

a. dataEpreparation.
b. communicateEinsights.
c. addressEandErefineEresults.
d. performEtestEplan.

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