COST ACCOUNTING A DATA ANALYTICS
APPROACH CHAPTERS 1 TO 14 PRACTICE
EXAM 2026 PREMIUM QUESTIONS AND
ACCURATE ANSWERS ONE HUNDRED
PERCENT CORRECT
◉ Internal Controls.
Answer: Processes designed to ensure reliable financial reporting
and compliance
◉ Audit Analytics.
Answer: The use of data analytics to enhance audit planning, testing,
and conclusions
◉ Data Cleaning.
Answer: The process of correcting or removing inaccurate or
incomplete data
◉ Relevance.
Answer: The usefulness of information for decision-making
◉ Timeliness.
, Answer: The availability of information when it is needed
◉ Ethical Use of Data.
Answer: The responsible and compliant use of data in analytics
◉ Which type of analytics focuses on summarizing past
performance?.
Answer: Descriptive analytics
◉ Which type of analytics attempts to explain the reasons behind
outcomes?.
Answer: Diagnostic analytics
◉ Forecasting future sales is an example of which analytics type?.
Answer: Predictive analytics
◉ Recommending the optimal inventory level is an example of which
analytics type?.
Answer: Prescriptive analytics
◉ Which characteristic is NOT commonly associated with Big Data?.
Answer: Consistency
APPROACH CHAPTERS 1 TO 14 PRACTICE
EXAM 2026 PREMIUM QUESTIONS AND
ACCURATE ANSWERS ONE HUNDRED
PERCENT CORRECT
◉ Internal Controls.
Answer: Processes designed to ensure reliable financial reporting
and compliance
◉ Audit Analytics.
Answer: The use of data analytics to enhance audit planning, testing,
and conclusions
◉ Data Cleaning.
Answer: The process of correcting or removing inaccurate or
incomplete data
◉ Relevance.
Answer: The usefulness of information for decision-making
◉ Timeliness.
, Answer: The availability of information when it is needed
◉ Ethical Use of Data.
Answer: The responsible and compliant use of data in analytics
◉ Which type of analytics focuses on summarizing past
performance?.
Answer: Descriptive analytics
◉ Which type of analytics attempts to explain the reasons behind
outcomes?.
Answer: Diagnostic analytics
◉ Forecasting future sales is an example of which analytics type?.
Answer: Predictive analytics
◉ Recommending the optimal inventory level is an example of which
analytics type?.
Answer: Prescriptive analytics
◉ Which characteristic is NOT commonly associated with Big Data?.
Answer: Consistency
