Solution Manual for Data Analytics for Accounting 3rd Edition | Vernon Richardson

SOLUTION MANUAL for Data Analytics for Accounting, 3r
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d Edition by Vernon Richardson, Chapters 1 - 9
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,TABLE OF CONTENTS
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Chapter 1: Data Analytics for Accounting and Identifying the Questions
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Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results
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Chapter 4: Communicating Results and Visualizations
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Chapter 5: The Modern Accounting Environment
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Chapter 6: Audit Data Analytics
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Chapter 7: Managerial Analytics
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Chapter 8: Financial Statement Analytics
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Chapter 9: Tax Analytics
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,Solutions Manual – Chapter 1
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SolutionsBtoBMultipleBChoiceBQuestions

1. (LOB1-1)BBigBDataBisBoftenBdescribedBbyBtheBfourBVs,Bor

a. volume,Bvelocity,Bveracity,BandBvariability.
b. volume,Bvelocity,Bveracity,BandBvariety.
c. volume,Bvolatility,Bveracity,BandBvariability.
d. variability,Bvelocity,Bveracity,BandBvariety.

Answer:Bb

2. LOB1-
4)BWhichBdataBapproachBattemptsBtoBassignBeachBunitBinBaBpopulationBintoBaBsmallBsetBofBclassesB(orBgroups)B
whereBtheBunitBbestBfits?

a. Regression
b. SimilarityBmatching
c. Co-occurrenceBgrouping
d. Classification

Answer:Bd

3. (LOB1-
4)BWhichBdataBapproachBattemptsBtoBidentifyBsimilarBindividualsBbasedBonBdataBknownBaboutBthem?

a. Classification
b. Regression
c. SimilarityBmatching
d. DataBreduction

Answer:Bc

4. (LOB1-4)BWhichBdataBapproachBattemptsBtoBpredictBconnectionsBbetweenBtwoBdataBitems?

a. Profiling
b. Classification
c. LinkBprediction
d. Regression




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, Answer:Bc


5. (LOB1-
6)BWhichBofBtheseBtermsBisBdefinedBasBbeingBaBcentralBrepositoryBofBdescriptionsBforBallBofBtheBdataBattributesBofB
theBdataset?

a. BigBData
b. DataBwarehouse
c. DataBdictionary
d. DataBAnalytics

Answer:Bc

6. (LOB1-5)BWhichBskillsBwereBnotBemphasizedBthatBanalytic-mindedBaccountantsBshouldBhave?

a. DevelopedBanBanalyticsBmindset
b. DataBscrubbingBandBdataBpreparation
c. ClassificationBofBtestBapproaches
d. StatisticalBdataBanalysisBcompetency

Answer:Bc

7. (LOB1-5)BInBwhichBareasBwereBskillsBnotBemphasizedBforBanalytic-mindedBaccountants?

a. DataBquality
b. DescriptiveBdataBanalysis
c. DataBvisualizationBandBdataBreporting
d. DataBandBsystemsBanalysisBandBdesign

Answer:Bd

8. (LOB1-4)BTheBIMPACTBcycleBincludesBallBexceptBtheBfollowingBsteps:

a. performBtestBplan.
b. visualizeBtheBdata.
c. masterBtheBdata.
d. trackBoutcomes.

Answer:Bb

9. (LOB1-4)BTheBIMPACTBcycleBspecificallyBincludesBallBexceptBtheBfollowingBsteps:

a. dataBpreparation.
b. communicateBinsights.
c. addressBandBrefineBresults.
d. performBtestBplan.

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