1
,TABLE OF CONTENTS
J J
Chapter 1: Data Analytics for Accounting and Identifying the Questions
J J J J J J J J J
Chapter 2: Mastering the Data
J J J J
Chapter 3: Performing the Test Plan and Analyzing the Results
J J J J J J J J J
Chapter 4: Communicating Results and Visualizations
J J J J J
Chapter 5: The Modern Accounting Environment
J J J J J
Chapter 6: Audit Data Analytics
J J J J
Chapter 7: Managerial Analytics
J J J
Chapter 8: Financial Statement Analytics
J J J J
Chapter 9: Tax Analytics
J J J
2
,Solutions Manual – Chapter 1
J J J J
SolutionsJtoJMultipleJChoiceJQuestions
1. (LOJ1-1)JBigJDataJisJoftenJdescribedJbyJtheJfourJVs,Jor
a. volume,Jvelocity,Jveracity,JandJvariability.
b. volume,Jvelocity,Jveracity,JandJvariety.
c. volume,Jvolatility,Jveracity,JandJvariability.
d. variability,Jvelocity,Jveracity,JandJvariety.
Answer:Jb
2. LOJ1-
4)JWhichJdataJapproachJattemptsJtoJassignJeachJunitJinJaJpopulationJintoJaJsmallJsetJofJclassesJ(orJgroups)Jwher
eJtheJunitJbestJfits?
a. Regression
b. SimilarityJmatching
c. Co-occurrenceJgrouping
d. Classification
Answer:Jd
3. (LOJ1-4)JWhichJdataJapproachJattemptsJtoJidentifyJsimilarJindividualsJbasedJonJdataJknownJaboutJthem?
a. Classification
b. Regression
c. SimilarityJmatching
d. DataJreduction
Answer:Jc
4. (LOJ1-4)JWhichJdataJapproachJattemptsJtoJpredictJconnectionsJbetweenJtwoJdataJitems?
a. Profiling
b. Classification
c. LinkJprediction
d. Regression
3
, Answer:Jc
5. (LOJ1-
6)JWhichJofJtheseJtermsJisJdefinedJasJbeingJaJcentralJrepositoryJofJdescriptionsJforJallJofJtheJdataJattributesJofJtheJ
dataset?
a. BigJData
b. DataJwarehouse
c. DataJdictionary
d. DataJAnalytics
Answer:Jc
6. (LOJ1-5)JWhichJskillsJwereJnotJemphasizedJthatJanalytic-mindedJaccountantsJshouldJhave?
a. DevelopedJanJanalyticsJmindset
b. DataJscrubbingJandJdataJpreparation
c. ClassificationJofJtestJapproaches
d. StatisticalJdataJanalysisJcompetency
Answer:Jc
7. (LOJ1-5)JInJwhichJareasJwereJskillsJnotJemphasizedJforJanalytic-mindedJaccountants?
a. DataJquality
b. DescriptiveJdataJanalysis
c. DataJvisualizationJandJdataJreporting
d. DataJandJsystemsJanalysisJandJdesign
Answer:Jd
8. (LOJ1-4)JTheJIMPACTJcycleJincludesJallJexceptJtheJfollowingJsteps:
a. performJtestJplan.
b. visualizeJtheJdata.
c. masterJtheJdata.
d. trackJoutcomes.
Answer:Jb
9. (LOJ1-4)JTheJIMPACTJcycleJspecificallyJincludesJallJexceptJtheJfollowingJsteps:
a. dataJpreparation.
b. communicateJinsights.
c. addressJandJrefineJresults.
d. performJtestJplan.
4
,TABLE OF CONTENTS
J J
Chapter 1: Data Analytics for Accounting and Identifying the Questions
J J J J J J J J J
Chapter 2: Mastering the Data
J J J J
Chapter 3: Performing the Test Plan and Analyzing the Results
J J J J J J J J J
Chapter 4: Communicating Results and Visualizations
J J J J J
Chapter 5: The Modern Accounting Environment
J J J J J
Chapter 6: Audit Data Analytics
J J J J
Chapter 7: Managerial Analytics
J J J
Chapter 8: Financial Statement Analytics
J J J J
Chapter 9: Tax Analytics
J J J
2
,Solutions Manual – Chapter 1
J J J J
SolutionsJtoJMultipleJChoiceJQuestions
1. (LOJ1-1)JBigJDataJisJoftenJdescribedJbyJtheJfourJVs,Jor
a. volume,Jvelocity,Jveracity,JandJvariability.
b. volume,Jvelocity,Jveracity,JandJvariety.
c. volume,Jvolatility,Jveracity,JandJvariability.
d. variability,Jvelocity,Jveracity,JandJvariety.
Answer:Jb
2. LOJ1-
4)JWhichJdataJapproachJattemptsJtoJassignJeachJunitJinJaJpopulationJintoJaJsmallJsetJofJclassesJ(orJgroups)Jwher
eJtheJunitJbestJfits?
a. Regression
b. SimilarityJmatching
c. Co-occurrenceJgrouping
d. Classification
Answer:Jd
3. (LOJ1-4)JWhichJdataJapproachJattemptsJtoJidentifyJsimilarJindividualsJbasedJonJdataJknownJaboutJthem?
a. Classification
b. Regression
c. SimilarityJmatching
d. DataJreduction
Answer:Jc
4. (LOJ1-4)JWhichJdataJapproachJattemptsJtoJpredictJconnectionsJbetweenJtwoJdataJitems?
a. Profiling
b. Classification
c. LinkJprediction
d. Regression
3
, Answer:Jc
5. (LOJ1-
6)JWhichJofJtheseJtermsJisJdefinedJasJbeingJaJcentralJrepositoryJofJdescriptionsJforJallJofJtheJdataJattributesJofJtheJ
dataset?
a. BigJData
b. DataJwarehouse
c. DataJdictionary
d. DataJAnalytics
Answer:Jc
6. (LOJ1-5)JWhichJskillsJwereJnotJemphasizedJthatJanalytic-mindedJaccountantsJshouldJhave?
a. DevelopedJanJanalyticsJmindset
b. DataJscrubbingJandJdataJpreparation
c. ClassificationJofJtestJapproaches
d. StatisticalJdataJanalysisJcompetency
Answer:Jc
7. (LOJ1-5)JInJwhichJareasJwereJskillsJnotJemphasizedJforJanalytic-mindedJaccountants?
a. DataJquality
b. DescriptiveJdataJanalysis
c. DataJvisualizationJandJdataJreporting
d. DataJandJsystemsJanalysisJandJdesign
Answer:Jd
8. (LOJ1-4)JTheJIMPACTJcycleJincludesJallJexceptJtheJfollowingJsteps:
a. performJtestJplan.
b. visualizeJtheJdata.
c. masterJtheJdata.
d. trackJoutcomes.
Answer:Jb
9. (LOJ1-4)JTheJIMPACTJcycleJspecificallyJincludesJallJexceptJtheJfollowingJsteps:
a. dataJpreparation.
b. communicateJinsights.
c. addressJandJrefineJresults.
d. performJtestJplan.
4
