Data Analytics for Accounting, 3rd Edition by Vernon
Richardson, Chapters 1 - 9
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,ChapterH1:HDataHAnalyticsHforHAccountingHandHIdentifyingHtheHQuestionsH ChapterH2:HMasteringHtheHData
ChapterH3:HPerformingHtheHTestHPlanHandHAnalyzingHtheHResultsH ChapterH4:HCommunicatingHResultsHandHVisualiz
ations
ChapterH5:HTheHModernHAccountingHEnvironmentH ChapterH6:HAuditHDataHAnal
ytics
ChapterH7:HManagerialHAnalytics
ChapterH8:HFinancialHStatementHAnalyticsH ChapterH9:HTaxHAnalytics
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,SolutionsHManualH–HChapterH1
SolutionsHtoHMultipleHChoiceHQuestions
1. (LOH1-1)HBigHDataHisHoftenHdescribedHbyHtheHfourHVs,Hor
a. volume,Hvelocity,Hveracity,HandHvariability.
b. volume,Hvelocity,Hveracity,HandHvariety.
c. volume,Hvolatility,Hveracity,HandHvariability.
d. variability,Hvelocity,Hveracity,HandHvariety.
Answer:Hb
2. LOH1-
4)HWhichHdataHapproachHattemptsHtoHassignHeachHunitHinHaHpopulationHintoHaHsmallHsetH ofclasses
H(orHgroups)HwhereHtheHunitHbestHfits?
a. Regression
b. SimilarityHmatching
c. Co-occurrenceHgrouping
d. Classification
Answer:Hd
3. (LOH1-
4)HWhichHdataHapproachHattemptsHtoHidentifyHsimilarHindividualsHbasedHonHdataH knownab
outHthem?
a. Classification
b. Regression
c. SimilarityHmatching
d. DataHreduction
Answer:Hc
4. (LOH1-4)HWhichHdataHapproachHattemptsHtoHpredictHconnectionsHbetweenHtwoHdataHitems?
a. Profiling
b. Classification
c. LinkHprediction
d. Regression
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, Answer:Hc
5. (LOH1-
6)HWhichHofHtheseHtermsHisHdefinedHasHbeingHaHcentralHrepositoryHofHdescriptionsHforHallHofH theHdataH
attributesHofHtheHdataset?
a. BigHData
b. DataHwarehouse
c. DataHdictionary
d. DataHAnalytics
Answer:Hc
6. (LOH1-5)HWhichHskillsHwereHnotHemphasizedHthatHanalytic-mindedHaccountantsHshouldHhave?
a. DevelopedHanHanalyticsHmindset
b. DataHscrubbingHandHdataHpreparation
c. ClassificationHofHtestHapproaches
d. StatisticalHdataHanalysisHcompetency
Answer:Hc
7. (LOH1-5)HInHwhichHareasHwereHskillsHnotHemphasizedHforHanalytic-mindedHaccountants?
a. DataHquality
b. DescriptiveHdataHanalysis
c. DataHvisualizationHandHdataHreporting
d. DataHandHsystemsHanalysisHandHdesign
Answer:Hd
8. (LOH1-4)HTheHIMPACTHcycleHincludesHallHexceptHtheHfollowingHsteps:
a. performHtestHplan.
b. visualizeHtheHdata.
c. masterHtheHdata.
d. trackHoutcomes.
Answer:Hb
9. (LOH1-4)HTheHIMPACTHcycleHspecificallyHincludesHallHexceptHtheHfollowingHsteps:
a. dataHpreparation.
b. communicateHinsights.
c. addressHandHrefineHresults.
d. performHtestHplan.
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