TEST BANK Data Analytics for Accounting, 3rd Edition By Vernon Richardson, Chapters 1 – 9.

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TESTBANK

DataAnalyticsforAccounting,3rdEdition

ByVernonRichardson,Chapters1–9




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Chapter 1: Data Analytics for Accounting and Identifying the Questio
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ns
Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results Chapt
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er 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 Chapte
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r 9: Tax Analytics
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Answers are at the End of Each Chapter
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Chapter 01:
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Student name:
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1) DataAanalyticsAisAtheAprocessAofAevaluatingAdataAwithAtheApurposeAofAdrawingAconclusio
nsAtoaddressAbusinessAquestions.
⊚A true
⊚A false



2) TheAprocessAofAdataAanalyticsAaimsAtoAtransformArawAinformationAintoAdataAtoAcreateAvalue.
⊚A true
⊚A false



3) DataAanalyticsAhasAtheApotentialAtoAtransformAtheAmannerAinAwhichAcompaniesAr
unAtheirbusinesses,AhoweverAitAisAnotApracticalAinAtheAnearAfuture.
⊚A true
⊚A false



4) AuditorsAcanAuseAsocialAmediaAtoAhearAwhatAcustomersAareAsayingAaboutAaAcompa
nyAandcompareAthisAtoAinventoryAobsolescenceAandAotherAestimates.
⊚A true
⊚A false



5) DataAanalyticsAallowsAauditorsAtoAgleanAinsightsAthatAareAbeneficialAtoAtheAclien
t,AwithoutbreechingAindependence.
⊚A true
⊚A false




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6) TheApredictiveAanalyticsAisAanAimportantAaspectAofAdataAanalyticsAforAauditors,AbutA
isAnotapplicableAforAtaxAaccountants.
⊚A true
⊚A false



7) TheAIAinAIMPACTACycleArepresentsAIdentifyAtheAQuestion.
⊚A true
⊚A false



8) TheAMAinAIMPACTACycleArepresentsAMasterAtheAData.
⊚A true
⊚A false



9) TheAPAinAIMPACTACycleArepresentsAPredictAtheAResults.
⊚A true
⊚A false



10) TheAAAinAIMPACTACycleArepresentsAAnalyzeAtheAData.
⊚A true
⊚A false



11) TheACAinAIMPACTACycleArepresentsAContinuouslyATrack.
⊚A true
⊚A false



12) TheATAinAIMPACTACycleArepresentsATrackAOutcomes.
⊚A true
⊚A false




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