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

SOLUTIONMANUAL q




DataAnalyticsforAccounting,3rdEdition
q q q q q




byVernonRichardson,Chapters1-9
q q q q q q




1

,Chapter1:DataAnalyticsforAccountingandIdentifyingtheQuestions Chapter2:MasteringtheData
q q q q q q q q q q q q q q




Chapter3:PerformingtheTestPlanandAnalyzingtheResults Chapter4:CommunicatingResultsandVisualizations
q q q q q q q q q q q q q q q




Chapter5:TheModernAccountingEnvironment Chapter6:AuditDataAnalytics
q q q q q q q q q q




Chapter7:ManagerialAnalytics
q q q




Chapter8:FinancialStatementAnalytics Chapter9: TaxAnalytics
q q q q q q q q




2

,SolutionsManual – Chapter 1
q q q q




SolutionstoMultipleChoiceQuestions
q q q q




1. (LO1-1)BigData is oftendescribed bythefourVs, or
q q q q q q q q q q q




a. volume,velocity,veracity,andvariability.
q q q q




b. volume,velocity,veracity,andvariety.q q q q




c. volume,volatility,veracity,andvariability.
q q q q




d. variability,velocity,veracity,andvariety. q q q q




Answer:b q




2. LO1-4) Whichdata approach attempts toassign eachunit ina populationinto a smallset
q q q q q q q q q q q q q q q q




qofclasses (orgroups)where theunit best fits?
q q q q q q q




a. Regression
b. Similaritymatching q




c. Co-occurrencegrouping q




d. Classification

Answer:d q




3. (LO1-4)Whichdataapproachattempts toidentifysimilar individuals basedon data
q q q q q q q q q q q q




knownaboutthem?
q q




a. Classification
b. Regression
c. Similaritymatching q




d. Datareduction q




Answer:c q




4. (LO1-4) Whichdataapproachattempts to predict connections betweentwodataitems?
q q q q q q q q q q q q




a. Profiling
b. Classification
c. Linkprediction q




d. Regression




3

, Answer:c q




5. (LO1-6)Whichoftheseterms is defined as being a central repositoryof descriptions forall of thedata
q q q q q q q q q q q q q q q q q q q




attributes ofthe dataset?
q q q q




a. BigData q




b. Datawarehouse q




c. Datadictionary q




d. DataAnalytics q




Answer:c q




6. (LO1-5)Whichskills werenot emphasizedthat analytic-mindedaccountants shouldhave?
q q q q q q q q q q q




a. Developedananalyticsmindset q q q




b. Datascrubbing anddatapreparation
q q q q




c. Classification oftest approaches q q q




d. Statisticaldataanalysiscompetency q q q




Answer:c q




7. (LO1-5) Inwhichareas were skills not emphasizedforanalytic-mindedaccountants?
q q q q q q q q q q q




a. Dataquality q




b. Descriptivedataanalysis q q




c. Datavisualizationand datareporting
q q q q




d. Dataandsystems analysis anddesign
q q q q q




Answer:d q




8. (LO1-4) TheIMPACTcycleincludesallexcept thefollowingsteps:
q q q q q q q q q q




a. performtestplan. q q




b. visualizethedata. q q




c. masterthedata. q q




d. trackoutcomes. q




Answer:b q




9. (LO1-4)TheIMPACTcyclespecificallyincludes all except thefollowingsteps:
q q q q q q q q q q q




a. datapreparation. q




b. communicateinsights. q




c. address andrefineresults. q q q




d. performtest plan. q q




4