Complete Solutions Manual for Data Analytics for Accounting (3rd Edition) by Vernon Richardson | All Chapters 1-9

SOLUTION MANUAL for Data Analytics for Accounting, 3r
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d Edition by Vernon Richardson, Chapters 1 - 9
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1

,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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2

,Solutions Manual – Chapter 1
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SolutionsktokMultiplekChoicekQuestions

1. (LOk1-1)kBigkDatakiskoftenkdescribedkbykthekfourkVs,kor

a. volume,kvelocity,kveracity,kandkvariability.
b. volume,kvelocity,kveracity,kandkvariety.
c. volume,kvolatility,kveracity,kandkvariability.
d. variability,kvelocity,kveracity,kandkvariety.

Answer:kb

2. LOk1-
4)kWhichkdatakapproachkattemptsktokassignkeachkunitkinkakpopulationkintokaksmallksetkofkclassesk(orkgroups)kw
herekthekunitkbestkfits?

a. Regression
b. Similaritykmatching
c. Co-occurrencekgrouping
d. Classification

Answer:kd

3. (LOk1-4)kWhichkdatakapproachkattemptsktokidentifyksimilarkindividualskbasedkonkdatakknownkaboutkthem?

a. Classification
b. Regression
c. Similaritykmatching
d. Datakreduction

Answer:kc

4. (LOk1-4)kWhichkdatakapproachkattemptsktokpredictkconnectionskbetweenktwokdatakitems?

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




3

, Answer:kc


5. (LOk1-
6)kWhichkofkthesektermskiskdefinedkaskbeingkakcentralkrepositorykofkdescriptionskforkallkofkthekdatakattributeskofkt
hekdataset?

a. BigkData
b. Datakwarehouse
c. Datakdictionary
d. DatakAnalytics

Answer:kc

6. (LOk1-5)kWhichkskillskwereknotkemphasizedkthatkanalytic-mindedkaccountantskshouldkhave?

a. Developedkankanalyticskmindset
b. Datakscrubbingkandkdatakpreparation
c. Classificationkofktestkapproaches
d. Statisticalkdatakanalysiskcompetency

Answer:kc

7. (LOk1-5)kInkwhichkareaskwerekskillsknotkemphasizedkforkanalytic-mindedkaccountants?

a. Datakquality
b. Descriptivekdatakanalysis
c. Datakvisualizationkandkdatakreporting
d. Datakandksystemskanalysiskandkdesign

Answer:kd

8. (LOk1-4)kThekIMPACTkcyclekincludeskallkexceptkthekfollowingksteps:

a. performktestkplan.
b. visualizekthekdata.
c. masterkthekdata.
d. trackkoutcomes.

Answer:kb

9. (LOk1-4)kThekIMPACTkcyclekspecificallykincludeskallkexceptkthekfollowingksteps:

a. datakpreparation.
b. communicatekinsights.
c. addresskandkrefinekresults.
d. performktestkplan.

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