Solutions manual for data analytics for accounting 3rd edition richardson full chapter

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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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SolutionsDtoDMultipleDChoiceDQuestions

1. (LOD1-1)DBigDDataDisDoftenDdescribedDbyDtheDfourDVs,Dor

a. volume,Dvelocity,Dveracity,DandDvariability.
b. volume,Dvelocity,Dveracity,DandDvariety.
c. volume,Dvolatility,Dveracity,DandDvariability.
d. variability,Dvelocity,Dveracity,DandDvariety.

Answer:Db

2. LOD1-
4)DWhichDdataDapproachDattemptsDtoDassignDeachDunitDinDaDpopulationDintoDaDsmallDsetDofDclassesD(orDgr
oups)DwhereDtheDunitDbestDfits?

a. Regression
b. SimilarityDmatching
c. Co-occurrenceDgrouping
d. Classification

Answer:Dd

3. (LOD1-
4)DWhichDdataDapproachDattemptsDtoDidentifyDsimilarDindividualsDbasedDonDdataDknownDaboutDthem?

a. Classification
b. Regression
c. SimilarityDmatching
d. DataDreduction

Answer:Dc

4. (LOD1-4)DWhichDdataDapproachDattemptsDtoDpredictDconnectionsDbetweenDtwoDdataDitems?

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




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, Answer:Dc


5. (LOD1-
6)DWhichDofDtheseDtermsDisDdefinedDasDbeingDaDcentralDrepositoryDofDdescriptionsDforDallDofDtheDdataDattrib
utesDofDtheDdataset?

a. BigDData
b. DataDwarehouse
c. DataDdictionary
d. DataDAnalytics

Answer:Dc

6. (LOD1-5)DWhichDskillsDwereDnotDemphasizedDthatDanalytic-mindedDaccountantsDshouldDhave?

a. DevelopedDanDanalyticsDmindset
b. DataDscrubbingDandDdataDpreparation
c. ClassificationDofDtestDapproaches
d. StatisticalDdataDanalysisDcompetency

Answer:Dc

7. (LOD1-5)DInDwhichDareasDwereDskillsDnotDemphasizedDforDanalytic-mindedDaccountants?

a. DataDquality
b. DescriptiveDdataDanalysis
c. DataDvisualizationDandDdataDreporting
d. DataDandDsystemsDanalysisDandDdesign

Answer:Dd

8. (LOD1-4)DTheDIMPACTDcycleDincludesDallDexceptDtheDfollowingDsteps:

a. performDtestDplan.
b. visualizeDtheDdata.
c. masterDtheDdata.
d. trackDoutcomes.

Answer:Db

9. (LOD1-4)DTheDIMPACTDcycleDspecificallyDincludesDallDexceptDtheDfollowingDsteps:

a. dataDpreparation.
b. communicateDinsights.
c. addressDandDrefineDresults.
d. performDtestDplan.

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