Solution Manual for Data and Analytics in Accounting An Integrated Approach 1e Ann C. Dzuranin, Guido Geerts, Margarita Lenk

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Data and Analytics in Accounting An Integrated Approach 1e Ann C.
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Dzuranin, Guido Geerts, Margarita Lenk
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CHAPTER 1 u




DATA AND ANALYTICS IN THE ACCOUNTING u u u u u




PROFESSION u




Learning Objectives: u



LO 1.1: Summarize how advances in data and technology are impacting accounting professionals.
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LO 1.2: Describe the stages of the data analysis process.
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LO 1.3: Identify the skills necessary to perform data analysis.
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LO 1.4: Explain how to apply a data analytics mindset during the data analysis process.
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ANSWERS TO MULTIPLE CHOICE QUESTIONS u u u u



u Competencies
1. Au

LO u 1.1, u BT: u K, u Difficulty: u Easy, u TOT: u 2 u min, u AACSB: u Knowledge, 6. u u C
u AICPA u FC: u Leverage uTechnology uto uDevelop uand uEnhance uFunctional

uCompetencies


2. Cu


LO u1.1, uBT: uK, uDifficulty: uEasy, uTOT: u2 umin, uAACSB: uKnowledge, uAICPA
uFC: u Leverage u Technology u to u Develop uand u Enhance uFunctional

uCompetencies




3. Cu

LO u1.2, uBT: uK, uDifficulty: uEasy, uTOT: u2 umin, uAACSB: uKnowledge, uAICPA
uFC: u Leverage u Technology u to u Develop uand u Enhance u Functional

uCompetencies




4. Bu

LO u1 u2, uBT: uK, uDifficulty: uEasy, uTOT: u2 umin, uAACSB: uKnowledge, uAICPA
uFC: u Leverage uTechnology u to u Develop uand u Enhance uFunctional

uCompetencies




5. Bu

LO u1.2, uBT: uK, uDifficulty: uEasy, uTOT: u2 umin, uAACSB: uKnowledge, uAICPA
uFC: u Leverage u Technology u to u Develop uand u Enhance uFunctional

1-3

, LO u1.2, uBT: uK, uDifficulty: uEasy, uTOT: u2 umin, uAACSB:
uKnowledge, uAICPA uFC: u Leverage u Technology u to

u Develop uand u Enhance u Functional u Competencies




7. D
u

LO u1.2, uBT: uC, uDifficulty: uMedium, uTOT: u3 umin, uAACSB:
uAnalytic, uAICPA uFC: u Leverage u Technology u to u Develop

uand u Enhance u Functional u Competencies




8. C
u

LO u1.2, uBT: uC, uDifficulty: uMedium, uTOT: u3 umin, uAACSB:
uAnalytic, uAICPA uFC: u Leverage u Technology u to u Develop

uand u Enhance uFunctional u Competencies




9. A
u

LO u1.3, uBT: uK, uDifficulty: uEasy, uTOT: u2 umin,
uAACSB: uKnowledge, uAICPA uFC: u Leverage

uTechnology u to uDevelop uand u Enhance u Functional

u Competencies




10.D
LO u1.3, uBT: uK, uDifficulty: uEasy, uTOT: u2 umin, uAACSB:
uKnowledge, uAICPA uFC: u Leverage u Technology u to

uDevelop uand u Enhance u Functional u Competencies




11.B




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