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

SOLUTION MANUAL
Data Analytics for Accounting, 3rd Edition
By Vernon Richardson, Chapters 1 -
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,ChapterL1:LDataLAnalyticsLforLAccountingLandLIdentifyingLtheLQuestions ChapterL2:LMasteringLtheLData
ChapterL3:LPerformingLtheLTestLPlanLandLAnalyzingLtheLResults
ChapterL4:LCommunicatingLResultsLandLVisualizations
ChapterL5:LTheLModernLAccountingLEnvironment
ChapterL6:LAuditLDataLAnalytics

ChapterL7:LManagerialLAnalytics

Chapter 8: Financial Statement Analytics Chapter 9: Tax Analytics




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,SolutionsLManualL–LChapterL1
SolutionsLtoLMultipleLChoiceLQuestions

1. (LOL1-1)LBigLDataLisLoftenLdescribedLbyLtheLfourLVs,Lor

a. volume,Lvelocity,Lveracity,LandLvariability.
b. volume,Lvelocity,Lveracity,LandLvariety.
c. volume,Lvolatility,Lveracity,LandLvariability.
d. variability,Lvelocity,Lveracity,LandLvariety.

Answer: b

2. LOL1-
4)LWhichLdataLapproachLattemptsLtoLassignLeachLunitLinLaLpopulationLintoLaLsmallLsetL ofcl
assesL(orLgroups)LwhereLtheLunitLbestLfits?

a. Regression
b. SimilarityLmatching
c. Co-occurrenceLgrouping
d. Classification

Answer: d

3. (LOL1-
4)LWhichLdataLapproachLattemptsLtoLidentifyLsimilarLindividualsLbasedLonLdataL know
naboutLthem?

a. Classification
b. Regression
c. SimilarityLmatching
d. DataLreduction

Answer: c

4. (LOL1-4)LWhichLdataLapproachLattemptsLtoLpredictLconnectionsLbetweenLtwoLdataLitems?

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




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, Answer: c


5. (LOL1-
6)LWhichLofLtheseLtermsLisLdefinedLasLbeingLaLcentralLrepositoryLofLdescriptionsLforLallLofL theL
dataLattributesLofLtheLdataset?

a. BigLData
b. DataLwarehouse
c. DataLdictionary
d. DataLAnalytics

Answer: c

6. (LOL1-5)LWhichLskillsLwereLnotLemphasizedLthatLanalytic-mindedLaccountantsLshouldLhave?

a. DevelopedLanLanalyticsLmindset
b. DataLscrubbingLandLdataLpreparation
c. ClassificationLofLtestLapproaches
d. StatisticalLdataLanalysisLcompetency

Answer: c

7. (LOL1-5)LInLwhichLareasLwereLskillsLnotLemphasizedLforLanalytic-mindedLaccountants?

a. DataLquality
b. DescriptiveLdataLanalysis
c. DataLvisualizationLandLdataLreporting
d. DataLandLsystemsLanalysisLandLdesign

Answer: d

8. (LOL1-4)LTheLIMPACTLcycleLincludesLallLexceptLtheLfollowingLsteps:

a. performLtestLplan.
b. visualizeLtheLdata.
c. masterLtheLdata.
d. trackLoutcomes.

Answer: b

9. (LOL1-4)LTheLIMPACTLcycleLspecificallyLincludesLallLexceptLtheLfollowingLsteps:

a. dataLpreparation.
b. communicateLinsights.
c. addressLandLrefineLresults.
d. performLtestLplan.


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