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Material
SOLUTIONMANUAL v h
Data Analytics for Accounting, 3rd Edition
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by Vernon Richardson, Chapters 1 - 9
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1
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Material
Chapter 1: Data Analytics for Accounting and Identifying the Questions Chapter 2: Mastering the Data
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vh Chapter 3: Performing the Test Plan and Analyzing the Results
vh vh vh vh vh vh vh vh vh v h Chapter 4: Communicating Results and
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vh Visualizations
Chapter 5: The Modern Accounting Environment
vh vh vh vh vh v h Chapter 6: Audit Data vh vh vh
vh Analytics
Chapter 7: Managerial Analytics
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Chapter 8: Financial Statement Analytics
vh vh vh vh v h Chapter 9: Tax Analytics vh vh vh
2
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Material
Solutions Manual – Chapter 1 v h v h v h v h
vh Solutions to Multiple Choice v h v h v h
v h Questions
1. (LO 1-1) Big Data is often described by the four Vs, or
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a. volume, velocity, veracity, and variability.
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b. volume, velocity, veracity, and variety.
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c. volume, volatility, veracity, and variability.
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d. variability, velocity, veracity, and variety.
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Answer: b v h
2. LO 1-4) Which data approach attempts to assign each unit in a population into a
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small set
vh ofclasses (or groups) where the unit best fits?
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a. Regression
b. Similarity matching vh
c. Co-occurrence grouping vh
d. Classification
Answer: d v h
3. (LO 1-4) Which data approach attempts to identify similar individuals based on
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data knownabout them?
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a. Classification
b. Regression
c. Similarity matching vh
d. Data reduction vh
Answer: c v h
4. (LO 1-4) Which data approach attempts to predict connections between two data
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items? vh
a. Profiling
b. Classification
c. Link prediction vh
d. Regression
3
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Material
Answer: c v h
5. (LO 1-6) Which of these terms is defined as being a central repository of descriptions for
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all of the data attributes of the dataset?
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a. Big Data
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b. Data warehouse vh
c. Data dictionary vh
d. Data Analytics vh
Answer: c v h
6. (LO 1-5) Which skills were not emphasized that analytic-minded accountants should have?
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a. Developed an analytics mindset v h v h v h
b. Data scrubbing and data preparation
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c. Classification of test approaches v h vh v h
d. Statistical data analysis competency vh v h v h
Answer: c v h
7. (LO 1-5) In which areas were skills not emphasized for analytic-minded accountants?
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a. Data quality vh
b. Descriptive data analysis v h v h
c. Data visualization and data reporting
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d. Data and systems analysis and design
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Answer: d v h
8. (LO 1-4) The IMPACT cycle includes all except the following steps:
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a. perform test plan. vh vh
b. visualize the data. vh vh
c. master the data. vh vh
d. track outcomes. vh
Answer: b v h
9. (LO 1-4) The IMPACT cycle specifically includes all except the following steps:
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a. data preparation. vh
b. communicate insights. vh
c. address and refine results. vh vh vh
d. perform test plan. vh vh
4
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vh vh vh vh vh vh vh vh vh
Material
SOLUTIONMANUAL v h
Data Analytics for Accounting, 3rd Edition
v h v h v h v h v h v h
by Vernon Richardson, Chapters 1 - 9
vh v h vh v h v h v h v h
1
Downloaded by: Bookista |
vh vh vh vh Want to earn $1.236
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Distribution of this document is illegal
vh vh vh vh vh extra per year? vh vh
, Stuvia.com - The Marketplace to Buy and Sell your Study
vh vh vh vh vh vh vh vh vh
Material
Chapter 1: Data Analytics for Accounting and Identifying the Questions Chapter 2: Mastering the Data
vh vh vh vh vh vh vh vh vh vh vh vh vh
vh Chapter 3: Performing the Test Plan and Analyzing the Results
vh vh vh vh vh vh vh vh vh v h Chapter 4: Communicating Results and
vh vh vh vh
vh Visualizations
Chapter 5: The Modern Accounting Environment
vh vh vh vh vh v h Chapter 6: Audit Data vh vh vh
vh Analytics
Chapter 7: Managerial Analytics
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Chapter 8: Financial Statement Analytics
vh vh vh vh v h Chapter 9: Tax Analytics vh vh vh
2
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, Stuvia.com - The Marketplace to Buy and Sell your Study
vh vh vh vh vh vh vh vh vh
Material
Solutions Manual – Chapter 1 v h v h v h v h
vh Solutions to Multiple Choice v h v h v h
v h Questions
1. (LO 1-1) Big Data is often described by the four Vs, or
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a. volume, velocity, veracity, and variability.
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b. volume, velocity, veracity, and variety.
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c. volume, volatility, veracity, and variability.
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d. variability, velocity, veracity, and variety.
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Answer: b v h
2. LO 1-4) Which data approach attempts to assign each unit in a population into a
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small set
vh ofclasses (or groups) where the unit best fits?
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a. Regression
b. Similarity matching vh
c. Co-occurrence grouping vh
d. Classification
Answer: d v h
3. (LO 1-4) Which data approach attempts to identify similar individuals based on
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data knownabout them?
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a. Classification
b. Regression
c. Similarity matching vh
d. Data reduction vh
Answer: c v h
4. (LO 1-4) Which data approach attempts to predict connections between two data
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items? vh
a. Profiling
b. Classification
c. Link prediction vh
d. Regression
3
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vh vh vh
Distribution of this document is illegal vh vh vh vh vh extra per year?
vh vh
, Stuvia.com - The Marketplace to Buy and Sell your Study
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Material
Answer: c v h
5. (LO 1-6) Which of these terms is defined as being a central repository of descriptions for
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all of the data attributes of the dataset?
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a. Big Data
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b. Data warehouse vh
c. Data dictionary vh
d. Data Analytics vh
Answer: c v h
6. (LO 1-5) Which skills were not emphasized that analytic-minded accountants should have?
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a. Developed an analytics mindset v h v h v h
b. Data scrubbing and data preparation
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c. Classification of test approaches v h vh v h
d. Statistical data analysis competency vh v h v h
Answer: c v h
7. (LO 1-5) In which areas were skills not emphasized for analytic-minded accountants?
v h v h v h v h v h v h v h v h v h vh vh
a. Data quality vh
b. Descriptive data analysis v h v h
c. Data visualization and data reporting
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d. Data and systems analysis and design
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Answer: d v h
8. (LO 1-4) The IMPACT cycle includes all except the following steps:
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a. perform test plan. vh vh
b. visualize the data. vh vh
c. master the data. vh vh
d. track outcomes. vh
Answer: b v h
9. (LO 1-4) The IMPACT cycle specifically includes all except the following steps:
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a. data preparation. vh
b. communicate insights. vh
c. address and refine results. vh vh vh
d. perform test plan. vh vh
4
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