100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TEST BANK for Data Analytics for Accounting, 3rd Edition By Vernon Richardson, Ryan Teeter and Katie Terrell || ISBN13: 9781264444908 |All Chapters (1-9) || Latest Version 2024 A+ $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Data Analytics For Accounting, 3rd Edition
  4.  
  5. Data Analytics for Accounting, 3rd Edition

Exam (elaborations)

TEST BANK for Data Analytics for Accounting, 3rd Edition By Vernon Richardson, Ryan Teeter and Katie Terrell || ISBN13: 9781264444908 |All Chapters (1-9) || Latest Version 2024 A+
 0 purchase
  • Course
  • Data Analytics for Accounting, 3rd Edition
  • Institution
  • Data Analytics For Accounting, 3rd Edition
  • Book
  • Data Analytics for Accounting

TEST BANK for Data Analytics for Accounting, 3rd Edition By Vernon Richardson, Ryan Teeter and Katie Terrell || ISBN13: 9781264444908 |All Chapters (1-10) || Latest Version 2024 A+ Test Bank For Data Analytics for Accounting, 3rd Edition Richardson Chapter 1-9 Answers are at the End of Each Cha...

[Show more]

Preview 4 out of 131  pages

Document information

  • May 31, 2024
  • 131
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 3rd edition
  • by richardson
  • all chapters
  • 2024
  • complete guide latest
  • test bank
  • data analytics for accounting
  • data analytics for accounting 3rd edition
  • test bank for data analytics for accounting 3rd ed

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • TEST BANK For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete latest updated Version.
  • Solutions manual for data analytics for accounting 3rd edition richardson full chapter
  • Solution manual for data analytics for accounting 3rd edition richardson
All for this textbook (45)

Written for

  • Data Analytics for Accounting, 3rd Edition
All documents for this subject (50)

Seller

avatar-seller
TestsBanks

Reviews received

Content preview

Test Bank For
Data Analytics for Accounting, 3rd Edition Richardson
Chapter 1-9
Answers are at the End of Each Chapter

Chapter 01:
Student name:__________
1) Data analytics is the process of evaluating data with the purpose of drawing conclusions to
address business questions.
⊚ true
⊚ false



2) The process of data analytics aims to transform raw information into data to create value.
⊚ true
⊚ false



3) Data analytics has the potential to transform the manner in which companies run their
businesses, however it is not practical in the near future.
⊚ true
⊚ false



4) Auditors can use social media to hear what customers are saying about a company and
compare this to inventory obsolescence and other estimates.
⊚ true
⊚ false



5) Data analytics allows auditors to glean insights that are beneficial to the client, without
breeching independence.
⊚ true
⊚ false

,6) The predictive analytics is an important aspect of data analytics for auditors, but is not
applicable for tax accountants.
⊚ true
⊚ false



7) The I in IMPACT Cycle represents Identify the Question.
⊚ true
⊚ false



8) The M in IMPACT Cycle represents Master the Data.
⊚ true
⊚ false



9) The P in IMPACT Cycle represents Predict the Results.
⊚ true
⊚ false



10) The A in IMPACT Cycle represents Analyze the Data.
⊚ true
⊚ false



11) The C in IMPACT Cycle represents Continuously Track.
⊚ true
⊚ false



12) The T in IMPACT Cycle represents Track Outcomes.
⊚ true
⊚ false

,13) The IMPACT cycle is iterative, as insights are gained, outcomes are tracked, and new
questions are identified.
⊚ true
⊚ false



14) Data analysis through data manipulation is performing basic analysis to understand the
quality of the underlying data and its ability to address the business question.
⊚ true
⊚ false



15) To be proficient in data analysis, accountants need to become data scientists.
⊚ true
⊚ false



16) By developing an analytics mindset, accountants will be able to recognize when and how
data analytics can address business questions.
⊚ true
⊚ false



17) While it is important for accountants to clearly articulate the business problem, drawing
appropriate conclusions, based on the data, should be left to statisticians.
⊚ true
⊚ false



18) Analytic-minded accountants should report results of analysis in an accessible way to each
varied decision maker and their specific needs.
⊚ true
⊚ false

, 19) With a goal to give organizations the information they need to make sound and timely
business decisions, data analytics often involves all of the following except:
A) technologies.
B) statistics.
C) strategies.
D) databases.



20) Patterns discovered from __________ enable businesses to identify opportunities and risks
and better plan for __________.
A) past archives; the future
B) current data; the future
C) current data; today
D) past archives; today



21) Which of the following best describes the goal of descriptive data analysis:
A) recognize what is meant by data quality, be it completeness, reliability or validity
B) perform basic analysis to understand the quality of the underlying data and its ability
to address the business question
C) demonstrate ability to sort, rearrange, merge, and reconfigure data in a manner that
allows enhanced analysis
D) comprehend the process needed to clean and prepare the data before analysis



22) Which of the following Microsoft software tool specializes in data joining?
A) Excel
B) Power Query
C) Power BI
D) Power Automate



23) Which of the following Microsoft software tools specializes in creating dashboards?
A) Excel
B) Power Query
C) Power BI
D) Power Automate

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestsBanks. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

GIA DIAMOND AND DIAMOND GRADING FINAL EXAM 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS ) // ALREADY GRADED A+ // BRAND NEW!!

Exam (elaborations) ·

(0)

Test Bank for Infants and Toddlers, Caregiving and Responsive Curriculum Development, 10th Edition by Terri Jo Swim. ISBN: 9780357625378. A+ Grade Full Chapters TB.

Exam (elaborations) ·

(0)

Solutions Manual for Investment Analysis and Portfolio Management 12th Edition By Frank Reilly, Keith Brown, Sanford Leeds (All Chapters, 100% Original Verified, A+ Grade)

Package deal ·

(0)

IFSTA Chapter 24,25 & 26 Exams (BUNDLED TOGETHER WITH COMPLETE SOLUTIONS)| Hazardous Materials Awareness and Operations| Questions and Verified Answers| 100% Correct

Exam (elaborations) ·

(0)

Test Bank for Medical-Surgical Nursing: Concepts for Interprofessional Collaborative Care 10th Edition by Donna D. Ignatavicius, All Chapters 1-69 | Complete Guide A+

Exam (elaborations) ·

(0)

A+ GRADE TESTBANK FOR LEWIS MEDICAL SURGICAL NURSING 11TH EDITION BYHARDING Questions & Answers satisfaction guaranteed success ( CHAPTERS 21-29) latest update 2024

Exam (elaborations) ·

(0)

Solutions Manual For Principles of Polymer Systems 6th Edition By Ferdinand Rodriguez; Claude Cohen; Christopher K. Ober; Lynden Archer 9781482223781 ALL Chapters .

Exam (elaborations) ·

(0)

Test Bank For Ethical Obligations and Decision-Making in Accounting Text and Cases 6th Edition By Steven Mintz, William Miller | All Chapters | Complete Latest Guide.

Exam (elaborations) ·

(0)

CDASA- Topic 1: Intelligence Organization and Responsibilities (The Certified Defense All-Source Analysis (CDASA) professional certification program) with Complete Solutions

$12.99
  • (0)
Add to cart
Added