Solution Manual For Data Analytics for Accounting, 3rd Edition Richardson

SOLUTIONMANUAL b




DataAnalyticsforAccounting,3rdEdition
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byVernonRichardson,Chapters1-9
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,Chapter1:DataAnalyticsforAccountingandIdentifyingtheQuestions Chapter2:MasteringtheData
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Chapter3:PerformingtheTestPlanandAnalyzingtheResults Chapter4:CommunicatingResultsandVisualizations
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Chapter5:TheModernAccountingEnvironment Chapter6:AuditDataAnalytics
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Chapter7:ManagerialAnalytics
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Chapter8:FinancialStatementAnalytics Chapter9: TaxAnalytics
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,SolutionsManual – Chapter 1
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SolutionstoMultipleChoiceQuestions
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1. (LO1-1)BigData is oftendescribed bythefourVs, or
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a. volume,velocity,veracity,andvariability.
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b. volume,velocity,veracity,andvariety.b b b b




c. volume,volatility,veracity,andvariability.
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d. variability,velocity,veracity,andvariety. b b b b




Answer:b b




2. LO1-4) Whichdata approach attempts toassign eachunit ina populationinto a smallset
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bofclasses (orgroups)where theunit best fits?
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a. Regression
b. Similaritymatching b




c. Co-occurrencegrouping b




d. Classification

Answer:d b




3. (LO1-4)Whichdataapproachattempts toidentifysimilar individuals basedon data
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knownaboutthem?
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a. Classification
b. Regression
c. Similaritymatching b




d. Datareduction b




Answer:c b




4. (LO1-4) Whichdataapproachattempts to predict connections betweentwodataitems?
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a. Profiling
b. Classification
c. Linkprediction b




d. Regression




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, Answer:c b




5. (LO1-6)Whichoftheseterms is defined as being a central repositoryof descriptions forall of thedata
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attributes ofthe dataset?
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a. BigData b




b. Datawarehouse b




c. Datadictionary b




d. DataAnalytics b




Answer:c b




6. (LO1-5)Whichskills werenot emphasizedthat analytic-mindedaccountants shouldhave?
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a. Developedananalyticsmindset b b b




b. Datascrubbing anddatapreparation
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c. Classification oftest approaches b b b




d. Statisticaldataanalysiscompetency b b b




Answer:c b




7. (LO1-5) Inwhichareas were skills not emphasizedforanalytic-mindedaccountants?
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a. Dataquality b




b. Descriptivedataanalysis b b




c. Datavisualizationand datareporting
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d. Dataandsystems analysis anddesign
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Answer:d b




8. (LO1-4) TheIMPACTcycleincludesallexcept thefollowingsteps:
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a. performtestplan. b b




b. visualizethedata. b b




c. masterthedata. b b




d. trackoutcomes. b




Answer:b b




9. (LO1-4)TheIMPACTcyclespecificallyincludes all except thefollowingsteps:
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a. datapreparation. b




b. communicateinsights. b




c. address andrefineresults. b b b




d. performtest plan. b b




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