Data Analytics Ch. 1: Data Analytics In Accounting
Data Analytics Ch. 1: Data Analytics in Accounting
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Data Analytics Ch. 1: Data Analytics in Accounting and Business exam with 100% correct answers
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Data Analytics Ch. 1: Data Analytics in Accounting
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Data Analytics Ch. 1: Data Analytics In Accounting
What are the three V's of big data? correct answersVolume, Variety, Velocity
The process of evaluating data with the purpose of drawing conclusions to address business questions is defined as:
- Data Processing
- Data Analytics
- Big Data
- Accounting correct answersData Analytics
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Data Analytics Ch. 1: Data Analytics in Accounting and Business
What are the three V's of big data? correct answersVolume, Variety, Velocity
The process of evaluating data with the purpose of drawing conclusions to address business questions is defined as:
- Data Processing
- Data Analytics
- Big Data
- Accounting correct answersData Analytics
Asking questions like "Are our customers paying us in a timely manner" would be the first step in which of the following processes?
- IMPACT cycle
- Business Intelligence
- Systems Analysis and Design
- Data Analytics correct answersIMPACT cycle
Which would NOT be considered as one of the seven skills that analytic-minded accountants should have?
- Defining and addressing problems through statistical data analysis
- Data analysis conducted via use of SQL and Tableau
- Data scrubbing and data preparation
- Data visualization and Data Reporting correct answersData analysis conducted via use of SQL and Tableau
Financial accounting often has challenges with valuation and estimation in all but the following area:
- goodwill - accounts payable
- accounts receivable
- inventory correct answersAccounts payable
The firm practice of monitoring competitors, customers and suppliers to better understand its opportunities and threats is called:
- data analytics
- big data
- business intelligence
- information technology correct answersBusiness intelligence
Tax compliance deals primarily with filing tax returns. In contrast, tax planning primarily helps:
- minimize the amount of taxes paid
- minimize the cost of filing taxes
- maximize the amount of sales tax collected correct answersMinimize the amount of taxes paid
As part of mastering the data, data analysts perform data [ ] to provide a sense of the reliability of the data
- analysis
- preparation and scrubbing
- validation and completeness
- normalization correct answersValidation and completeness
The "T" as part of the IMPACT cycle stands for:
- Time to Rethink Analysis
- Technology
- Track Outcomes
- Transfer Knowledge correct answersTrack Outcomes
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