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

SOLUTIONMANUAL h




DataAnalyticsforAccounting,3rdEdition
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byVernonRichardson,Chapters1-9
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1

,Chapter1:DataAnalyticsforAccountingandIdentifyingtheQuestions Chapter2:MasteringtheData
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Chapter3:PerformingtheTestPlanandAnalyzingtheResults Chapter4:CommunicatingResultsandVisualizations
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Chapter5:TheModernAccountingEnvironment Chapter6:AuditDataAnalytics
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Chapter7:ManagerialAnalytics
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Chapter8:FinancialStatementAnalytics Chapter9:TaxAnalytics
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,SolutionsManual – Chapter 1
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SolutionstoMultipleChoiceQuestions
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1. (LO1-1)BigData is oftendescribed bythefourVs, or
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a. volume,velocity,veracity,andvariability.
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b. volume,velocity,veracity,andvariety.h h h h




c. volume,volatility,veracity,andvariability.
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d. variability,velocity,veracity,andvariety. h h h h




Answer:b h




2. LO1-4) Whichdata approach attempts toassign eachunit ina populationintoa smallset ofclasses
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(orgroups)where theunit bestfits?
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a. Regression
b. Similaritymatching h




c. Co-occurrencegrouping h




d. Classification

Answer:d h




3. (LO1-4)Whichdataapproachattempts toidentifysimilar individuals basedon data
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knownaboutthem?
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a. Classification
b. Regression
c. Similaritymatching h




d. Datareduction h




Answer:c h




4. (LO1-4)Whichdataapproachattempts topredict connections betweentwodataitems?
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a. Profiling
b. Classification
c. Linkprediction h




d. Regression




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, Answer:c h




5. (LO1-6)Whichoftheseterms is defined as being acentral repositoryof descriptions forall of thedata
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attributesofthe dataset?
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a. BigData h




b. Datawarehouse h




c. Datadictionary h




d. DataAnalytics h




Answer:c h




6. (LO1-5)Whichskillswerenot emphasizedthatanalytic-mindedaccountants shouldhave?
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a. Developedananalyticsmindset h h h




b. Datascrubbinganddatapreparation h h h h




c. Classification oftestapproaches h h h




d. Statisticaldataanalysiscompetency h h h




Answer:c h




7. (LO1-5) Inwhichareaswere skillsnot emphasizedforanalytic-mindedaccountants?
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a. Dataquality h




b. Descriptivedataanalysis h h




c. Datavisualizationand datareporting
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d. Dataandsystems analysis anddesign
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Answer:d h




8. (LO1-4) TheIMPACTcycleincludesallexcept thefollowingsteps:
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a. performtestplan. h h




b. visualizethedata. h h




c. masterthedata. h h




d. trackoutcomes. h




Answer:b h




9. (LO1-4)TheIMPACTcyclespecificallyincludes all except thefollowingsteps:
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a. datapreparation. h




b. communicateinsights. h




c. addressandrefineresults. h h h




d. performtestplan. h h




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