Solution Manual For Data Analytics for Accounting, 3rd Edition Richardson

SOLUTIONMANUAL vuy




DataAnalyticsforAccounting,3rdEdition
vuy vuy vuy vuy vuy




byVernonRichardson,Chapters1-9
vuy vuy vuy vuy vuvy vuy




1

,Chapter 1: DataAnalyticsfor Accounting andIdentifying theQuestions
vuvy vuvy vuy vuy vuvy vuvy vuy vuvy vuy v u v y Chapter 2: Mastering the Data
vuy vuvy vuvy vuvy




Chapter 3: Performing the Test Plan and Analyzing the Results Chapter4:CommunicatingResultsand Visualizations
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy v u v y vuy vuy vuy vuy vuy




Chapter 5: TheModern Accounting Environment Chapter 6:Audit Data
vuy vuy vuy vuy vuvy v u v y vuvy vuy vuvy




Analytics
vuy




Chapter 7: ManagerialAnalytics
vuy vuy vuy




Chapter 8: FinancialStatementAnalytics Chapter 9: Tax Analytics
vuy vuvy vuy vuy v u v y vuvy vuvy vuy




2

,Solutions Manual – Chapter 1 vuvy vuvy vuvy vuvy




Solutions to Multiple Choice Questions vuvy vuvy vuvy vuvy




1. (LO 1-1) Big Data is often described by the four Vs, or
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




a. volume,velocity,veracity,andvariability. vuy vuy vuy vuy




b. volume,velocity,veracity,andvariety. vuy vuy vuy vuy




c. volume,volatility,veracity,andvariability. vuy vuvy vuy vuy




d. variability,velocity,veracity,andvariety. vuy vuy vuy vuy




Answer:b vuy




2. LO 1-4) Which data approach attempts to assign each unit in a population into a small set
vuvy v uvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




v ofclasses (orgroups) where the unit best fits?
u v y vuvy vuvy vuvy v uvy vuvy vuvy vuvy




a. Regression
b. Similaritymatching vuy




c. Co-occurrencegrouping vuy




d. Classification

Answer:d vuy




3. (LO 1-4) Which data approach attempts to identify similar individuals based on data
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




v knownaboutthem?
u v y vuy




a. Classification
b. Regression
c. Similaritymatching vuy




d. Datareduction vuy




Answer:c vuy




4. (LO 1-4) Which data approach attempts to predict connections between two data items?
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




a. Profiling
b. Classification
c. Linkprediction vuvy




d. Regression




3

, Answer:c vuy




5. (LO 1-6) Which of these terms is defined as being a central repository of descriptions for all of
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy v u v y the
data attributes of the dataset?
vuvy vuvy vuvy vuvy vuvy




a. Big Data vuvy




b. Datawarehouse vuy




c. Data dictionary vuvy




d. DataAnalytics vuy




Answer:c vuy




6. (LO 1-5) Whichskills were not emphasized that analytic-minded accountants should have?
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




a. Developedan analytics mindset vuy vuvy vuvy




b. Data scrubbing and data preparation
vuvy vuvy vuvy vuvy




c. Classification oftest approaches vuvy vuvy vuvy




d. Statisticaldataanalysis competency vuy vuvy vuvy




Answer:c vuy




7. (LO 1-5) Inwhich areas were skills not emphasized for analytic-minded accountants?
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




a. Data quality vuvy




b. Descriptivedata analysis vuy vuvy




c. Data visualizationand data reporting
vuvy vuvy vuvy vuvy




d. Data and systems analysis anddesign
vuvy vuvy vuvy vuvy vuy




Answer:d vuy




8. (LO 1-4) The IMPACT cycle includes all except the followingsteps:
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




a. performtestplan. vuy vuy




b. visualize the data. vuvy vuvy




c. masterthedata. vuy vuvy




d. trackoutcomes. vuy




Answer:b vuy




9. (LO1-4) The IMPACT cycle specificallyincludes all except the following steps:
vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy vuvy




a. datapreparation.vuy




b. communicateinsights. vuy




c. address and refine results. vuvy vuvy vuvy




d. perform test plan. vuvy vuvy




4