Test Bank
Introduction to Data Analytics for Accounting,
2nd Edition Vernon Richardson and Terrell
Chapters 1-13 Covered
1
,TABLE OF CONTENT
v v
Chapterv1vAskvthevQuestion:vUsingvDatavAnalyticsvtovAddressvAcco
untingvQuestionsvv
Chapterv2vMastervthevData:vAnvIntroductionvtovAccountingvDatavv
Chapterv3vMastervthevData:vDatavTypesvUsedvinvAccountingvv
Chapterv4vMastervthevData:vPreparingvDatavforvAnalysisvv
Chapterv5vPerformvthevAnalysis:vTypesvofvDatavAnalyticsvv
Chapterv6vPerformvthevAnalysis:vDescriptivevAnalyticsvv
Chapterv7vPerformvthevAnalysis:vDiagnosticvAnalyticsvv
Chapterv8vPerformvthevAnalysis:vPredictivevAnalyticsvv
Chapterv9vPerformvthevAnalysis:vPrescriptivevAnalyticsvv
Chapterv10vSharevthevStoryvv
Chapterv11vCapstonevProjectsvUsingvthevAMPSvModelvv
Chapterv12vFinancialvStatementvAnalysisvv
Chapterv13vManagerialvAccountingvAnalyticsvv
2
,Answers Included
v
Chap 01 2e
v v
1) "Create"visvthevhighestvskillvinvBloom'svTaxonomy.
⊚v true
⊚v false
2) "Understand"visvthevlowestvskillvinvBloom'svTaxonomy.
⊚v true
⊚v false
3) "Remember"visvavhighervskillvthanv"Understand"vinvBloom'svTaxonomy.
⊚v true
⊚v false
4) "AskvthevRightvQuestion"visvonevofvthevdesiredvskillsvforvaccountingvprofessionals,vconsistentv
withvEY'sv"ThevAnalyticsvMindset".
⊚v true
⊚v false
5) "Communicatevresultsvwithvmanagement"visvonevofvthevdesiredvskillsvforvaccountingv
professionals,vconsistentvwithvEY'sv"ThevAnalyticsvMindset".
⊚v true
⊚v false
6) "Extract,vTransformvandvLoadvRelevantvData"visvonevofvthevdesiredvskillsvforvaccountingvpr
ofessionals,vconsistentvwithvEY'sv"ThevAnalyticsvMindset".
⊚v true
⊚v false
3
, 7) Ofvthevoptionsvlistedvbelow,vwhichvisvthevlowestvlevelvofvthinkingvskillsvinvBloom'svTa
xonomy?
A) Create
B) Understand
C) Apply
D) Analyze
8) Ofvthevoptionsvlistedvbelow,vwhichvisvthevhighestvlevelvofvthinkingvskillsvinvBloom'svTa
xonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand
9) WhichvisvthevappropriatevorderingvofvthinkingvskillsvinvBloom'svTaxonomy,vwherevthev">"vsy
mbolvmeansvhighervordervskills?
A) Evaluatev>vApply
B) Rememberv>vUnderstand
C) Applyv>vAnalyze
D) Analyzev>vEvaluate
10) WhichvcomponentvofvthevAMPSvmodelvwouldvusuallyvinvolvevcreatingvavpivottable?
A) AskvthevQuestion
B) MastervthevData
C) PerformvthevAnalysis
D) SharevthevStory
11) WhichvcomponentvofvthevAMPSvmodelvmostvappropriatelyvaddressesvthevskillvmentionedvbyv
EY'svanalyticsvmindsetvofv"extract,vtransformvandvloadvrelevantvdata"?
A) AskvthevQuestion
B) MastervthevData
C) PerformvthevAnalysis
D) SharevthevStory
4
Introduction to Data Analytics for Accounting,
2nd Edition Vernon Richardson and Terrell
Chapters 1-13 Covered
1
,TABLE OF CONTENT
v v
Chapterv1vAskvthevQuestion:vUsingvDatavAnalyticsvtovAddressvAcco
untingvQuestionsvv
Chapterv2vMastervthevData:vAnvIntroductionvtovAccountingvDatavv
Chapterv3vMastervthevData:vDatavTypesvUsedvinvAccountingvv
Chapterv4vMastervthevData:vPreparingvDatavforvAnalysisvv
Chapterv5vPerformvthevAnalysis:vTypesvofvDatavAnalyticsvv
Chapterv6vPerformvthevAnalysis:vDescriptivevAnalyticsvv
Chapterv7vPerformvthevAnalysis:vDiagnosticvAnalyticsvv
Chapterv8vPerformvthevAnalysis:vPredictivevAnalyticsvv
Chapterv9vPerformvthevAnalysis:vPrescriptivevAnalyticsvv
Chapterv10vSharevthevStoryvv
Chapterv11vCapstonevProjectsvUsingvthevAMPSvModelvv
Chapterv12vFinancialvStatementvAnalysisvv
Chapterv13vManagerialvAccountingvAnalyticsvv
2
,Answers Included
v
Chap 01 2e
v v
1) "Create"visvthevhighestvskillvinvBloom'svTaxonomy.
⊚v true
⊚v false
2) "Understand"visvthevlowestvskillvinvBloom'svTaxonomy.
⊚v true
⊚v false
3) "Remember"visvavhighervskillvthanv"Understand"vinvBloom'svTaxonomy.
⊚v true
⊚v false
4) "AskvthevRightvQuestion"visvonevofvthevdesiredvskillsvforvaccountingvprofessionals,vconsistentv
withvEY'sv"ThevAnalyticsvMindset".
⊚v true
⊚v false
5) "Communicatevresultsvwithvmanagement"visvonevofvthevdesiredvskillsvforvaccountingv
professionals,vconsistentvwithvEY'sv"ThevAnalyticsvMindset".
⊚v true
⊚v false
6) "Extract,vTransformvandvLoadvRelevantvData"visvonevofvthevdesiredvskillsvforvaccountingvpr
ofessionals,vconsistentvwithvEY'sv"ThevAnalyticsvMindset".
⊚v true
⊚v false
3
, 7) Ofvthevoptionsvlistedvbelow,vwhichvisvthevlowestvlevelvofvthinkingvskillsvinvBloom'svTa
xonomy?
A) Create
B) Understand
C) Apply
D) Analyze
8) Ofvthevoptionsvlistedvbelow,vwhichvisvthevhighestvlevelvofvthinkingvskillsvinvBloom'svTa
xonomy?
A) Evaluate
B) Apply
C) Analyze
D) Understand
9) WhichvisvthevappropriatevorderingvofvthinkingvskillsvinvBloom'svTaxonomy,vwherevthev">"vsy
mbolvmeansvhighervordervskills?
A) Evaluatev>vApply
B) Rememberv>vUnderstand
C) Applyv>vAnalyze
D) Analyzev>vEvaluate
10) WhichvcomponentvofvthevAMPSvmodelvwouldvusuallyvinvolvevcreatingvavpivottable?
A) AskvthevQuestion
B) MastervthevData
C) PerformvthevAnalysis
D) SharevthevStory
11) WhichvcomponentvofvthevAMPSvmodelvmostvappropriatelyvaddressesvthevskillvmentionedvbyv
EY'svanalyticsvmindsetvofv"extract,vtransformvandvloadvrelevantvdata"?
A) AskvthevQuestion
B) MastervthevData
C) PerformvthevAnalysis
D) SharevthevStory
4
