Solution Manual For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Ryan Teeter and Katie Terrell

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




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,ChapterH1:HDataHAnalyticsHforHAccountingHandHIdentifyingHtheHQuestionsH ChapterH2:HMasteringHtheHData
ChapterH3:HPerformingHtheHTestHPlanHandHAnalyzingHtheHResultsH ChapterH4:HCommunicatingHResultsHandHVisualiz
ations
ChapterH5:HTheHModernHAccountingHEnvironmentH ChapterH6:HAuditHDataHAnal
ytics

ChapterH7:HManagerialHAnalytics

ChapterH8:HFinancialHStatementHAnalyticsH ChapterH9:HTaxHAnalytics




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,SolutionsHManualH–HChapterH1
SolutionsHtoHMultipleHChoiceHQuestions

1. (LOH1-1)HBigHDataHisHoftenHdescribedHbyHtheHfourHVs,Hor

a. volume,Hvelocity,Hveracity,HandHvariability.
b. volume,Hvelocity,Hveracity,HandHvariety.
c. volume,Hvolatility,Hveracity,HandHvariability.
d. variability,Hvelocity,Hveracity,HandHvariety.

Answer:Hb

2. LOH1-
4)HWhichHdataHapproachHattemptsHtoHassignHeachHunitHinHaHpopulationHintoHaHsmallHsetH ofclasses
H(orHgroups)HwhereHtheHunitHbestHfits?




a. Regression
b. SimilarityHmatching
c. Co-occurrenceHgrouping
d. Classification

Answer:Hd

3. (LOH1-
4)HWhichHdataHapproachHattemptsHtoHidentifyHsimilarHindividualsHbasedHonHdataH knownab
outHthem?

a. Classification
b. Regression
c. SimilarityHmatching
d. DataHreduction

Answer:Hc

4. (LOH1-4)HWhichHdataHapproachHattemptsHtoHpredictHconnectionsHbetweenHtwoHdataHitems?

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




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, Answer:Hc


5. (LOH1-
6)HWhichHofHtheseHtermsHisHdefinedHasHbeingHaHcentralHrepositoryHofHdescriptionsHforHallHofH theHdataH
attributesHofHtheHdataset?

a. BigHData
b. DataHwarehouse
c. DataHdictionary
d. DataHAnalytics

Answer:Hc

6. (LOH1-5)HWhichHskillsHwereHnotHemphasizedHthatHanalytic-mindedHaccountantsHshouldHhave?

a. DevelopedHanHanalyticsHmindset
b. DataHscrubbingHandHdataHpreparation
c. ClassificationHofHtestHapproaches
d. StatisticalHdataHanalysisHcompetency

Answer:Hc

7. (LOH1-5)HInHwhichHareasHwereHskillsHnotHemphasizedHforHanalytic-mindedHaccountants?

a. DataHquality
b. DescriptiveHdataHanalysis
c. DataHvisualizationHandHdataHreporting
d. DataHandHsystemsHanalysisHandHdesign

Answer:Hd

8. (LOH1-4)HTheHIMPACTHcycleHincludesHallHexceptHtheHfollowingHsteps:

a. performHtestHplan.
b. visualizeHtheHdata.
c. masterHtheHdata.
d. trackHoutcomes.

Answer:Hb

9. (LOH1-4)HTheHIMPACTHcycleHspecificallyHincludesHallHexceptHtheHfollowingHsteps:

a. dataHpreparation.
b. communicateHinsights.
c. addressHandHrefineHresults.
d. performHtestHplan.


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