DATA ANALYTICS FOR ACCOUNTING EXAM 2026 FINAL PAPER

DATA ANALYTICS FOR ACCOUNTING EXAM
2026 FINAL PAPER

◉ Volume. Answer: Click stream
Active/passive sensor
Log
Event
Printed corpus
Speech
Social media
Traditional


◉ Velocity. Answer: Speed of generation
Rate of analysis


◉ Variety. Answer: Unstructured
Semi-structured
Structured


◉ Veracity. Answer: Untrusted
Uncleansed

,◉ Accounting Data Sources. Answer: Financial Statement Data
Corporate SEC Filings
Conference Call Transcripts - Website Links
XBRL (eXtensible Business Reporting Language)
Press Releases
Managerial Accounting Data
Tax Data
Nonaccounting Data


◉ Financial Statement Data. Answer: Balance Sheet


Income Statement


Statement of Cash Flows


Statement of Stockholders' Equity


General Journal


Special Journal Entries

, General Ledger


Fixed Asset Subledger (or Subsidiary Fixed Asset Ledger)


Receivable Subledger (or Subsidiary Accounts Receivable Ledger)


Inventory Subledger (or Subsidiary Inventory Ledger) to estimate
Lower of Cost or Market and/or Inventory Obsolescence.


◉ Corporate SEC Filings. Answer: 10-K Required Annual Filing for
Publicly Traded Companies


10-Q Required Quarterly Filing for Publicly Traded Companies


8-K Report of Material Events or Corporate Changes at Publicly
Traded Company


◉ Conference Call Transcripts - Website Links. Answer: Typically
CEO and CFO hold a chat to discuss recent quarterly results (or other
matters)


◉ XBRL (eXtensible Business Reporting Language). Answer:
Standards-based way of exchanging business information between
business systems