Accounting Data Analytics | |
COMPLETE QUESTIONS AND
ANSWERS | 100% RATED CORRECT
| 2024-2025 LATEST UPDATED
Big Data is often described by the three V's, or - ✔✔ correct answer Volume, velocity, and variety
Which of the following best describes the data analytics skill of developing an analytics mindset? -
✔✔ correct answer Recognize when and how data analytics can address business questions
Which approach to Data Analytics attempts to assign each unit in a population into a small set of
classes where the unit belongs? - ✔✔ correct answer Classification
Which approach to Data Analytics attempts to identify similar individuals based on data known about
them? - ✔✔ correct answer Similarity Matching
Which of these terms is defined as being a central repository of descriptions for all of the data
attributes of the dataset? - ✔✔ correct answer Data Dictionary
Which skills were not emphasized that analytic-minded accountants should have?
A) Defining and addressing problems through statistical data analysis.
B) Data scrubbing and data preparation.
C) Classification of test approaches.
D) Developing an analytics mindset. - ✔✔ correct answer C
Which skills were not emphasized that analytic-minded accountants should have?
A) Data quality.
B) Data and systems analysis and design.
C) Descriptive data analysis.
D) Data visualization. - ✔✔ correct answer B
List the steps of the IMPACT cycle: - ✔✔ correct answer 1) Identify questions
2) Master the Data
, Accounting Data Analytics | |
COMPLETE QUESTIONS AND
ANSWERS | 100% RATED CORRECT
| 2024-2025 LATEST UPDATED
3) Perform test plan
4) Address and refine results
5) Communicate insights
6) Track outcomes
By the year 2020, about 1.7 megabytes of new information be created every: - ✔✔ correct answer
Second
Mastering the data can also be described via the ETL process. The ETL process stands for: - ✔✔
correct answer Extract
Transform
Load data
When using [EmployeeID] as the unique identifier of the Employee table, [EmployeeID] is an example
of which of the following: - ✔✔ correct answer Primary Key
The purpose of extracting data is: - ✔✔ correct answer To identify and obtain the data from the
appropriate source
The purpose of transforming the data is: - ✔✔ correct answer To validate the data for completness
and integrity
The purpose of loading data is: - ✔✔ correct answer To load data into the appropriate tool for
analysis (Tableau, Power BI, Excel)
Which of the following best exemplifies a way that data will need to be cleaned after extraction and
validation? - ✔✔ correct answer Removing headings and subtotals
Comparing descriptive statistics for numeric fields within the data is an example of which of the
following? - ✔✔ correct answer Validating the data for completeness
COMPLETE QUESTIONS AND
ANSWERS | 100% RATED CORRECT
| 2024-2025 LATEST UPDATED
Big Data is often described by the three V's, or - ✔✔ correct answer Volume, velocity, and variety
Which of the following best describes the data analytics skill of developing an analytics mindset? -
✔✔ correct answer Recognize when and how data analytics can address business questions
Which approach to Data Analytics attempts to assign each unit in a population into a small set of
classes where the unit belongs? - ✔✔ correct answer Classification
Which approach to Data Analytics attempts to identify similar individuals based on data known about
them? - ✔✔ correct answer Similarity Matching
Which of these terms is defined as being a central repository of descriptions for all of the data
attributes of the dataset? - ✔✔ correct answer Data Dictionary
Which skills were not emphasized that analytic-minded accountants should have?
A) Defining and addressing problems through statistical data analysis.
B) Data scrubbing and data preparation.
C) Classification of test approaches.
D) Developing an analytics mindset. - ✔✔ correct answer C
Which skills were not emphasized that analytic-minded accountants should have?
A) Data quality.
B) Data and systems analysis and design.
C) Descriptive data analysis.
D) Data visualization. - ✔✔ correct answer B
List the steps of the IMPACT cycle: - ✔✔ correct answer 1) Identify questions
2) Master the Data
, Accounting Data Analytics | |
COMPLETE QUESTIONS AND
ANSWERS | 100% RATED CORRECT
| 2024-2025 LATEST UPDATED
3) Perform test plan
4) Address and refine results
5) Communicate insights
6) Track outcomes
By the year 2020, about 1.7 megabytes of new information be created every: - ✔✔ correct answer
Second
Mastering the data can also be described via the ETL process. The ETL process stands for: - ✔✔
correct answer Extract
Transform
Load data
When using [EmployeeID] as the unique identifier of the Employee table, [EmployeeID] is an example
of which of the following: - ✔✔ correct answer Primary Key
The purpose of extracting data is: - ✔✔ correct answer To identify and obtain the data from the
appropriate source
The purpose of transforming the data is: - ✔✔ correct answer To validate the data for completness
and integrity
The purpose of loading data is: - ✔✔ correct answer To load data into the appropriate tool for
analysis (Tableau, Power BI, Excel)
Which of the following best exemplifies a way that data will need to be cleaned after extraction and
validation? - ✔✔ correct answer Removing headings and subtotals
Comparing descriptive statistics for numeric fields within the data is an example of which of the
following? - ✔✔ correct answer Validating the data for completeness
