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TEST BANK For Data Analytics for Accounting 3rd Edition by Vernon Richardson $17.99   Add to cart

Exam (elaborations)

TEST BANK For Data Analytics for Accounting 3rd Edition by Vernon Richardson

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  • Course
  • Data Analytics for Accounting 3rd Edition
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  • Data Analytics For Accounting 3rd Edition

TEST BANK For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version Chapter 1: Data Analytics for Accounting and Identifying the Questions Chapter 2: Mastering the Data Chapter 3: Performing the Test Plan and Analyzing the Results Chapter ...

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  • October 12, 2024
  • 132
  • 2024/2025
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  • Data Analytics for Accounting 3rd Edition
  • Data Analytics for Accounting 3rd Edition
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TEST BANK FOR
Data Analytics for Accounting 3rd Edition by
Vernon Richardson

,Chapteri1-9
AnswersiareiatitheiEndiofiEachiChapter

Chapteri01:
Studentiname:
1) Dataianalyticsiisitheiprocessiofievaluatingidataiwithitheipurposeiofidrawingiconclusionsitoia
ddressibusinessiquestions.
⊚i true
⊚i false



2) Theiprocessiofidataianalyticsiaimsitoitransformirawiinformationiintoidataitoicreateivalue.
⊚i true
⊚i false



3) Dataianalyticsihasitheipotentialitoitransformitheimanneriiniwhichicompaniesirunitheirib
usinesses,ihoweveriitiisinotipracticaliinitheinearifuture.
⊚i true
⊚i false



4) Auditorsicaniuseisocialimediaitoiheariwhaticustomersiareisayingiaboutiaicompanyiandic
ompareithisitoiinventoryiobsolescenceiandiotheriestimates.
⊚i true
⊚i false



5) Dataianalyticsiallowsiauditorsitoigleaniinsightsithatiareibeneficialitoitheiclient,iwithoutibr
eechingiindependence.
⊚i true
⊚i false

,6) Theipredictiveianalyticsiisianiimportantiaspectiofidataianalyticsiforiauditors,ibutiisinotia
pplicableiforitaxiaccountants.
⊚i true
⊚i false



7) TheiIiiniIMPACTiCycleirepresentsiIdentifyitheiQuestion.
⊚i true
⊚i false



8) TheiMiiniIMPACTiCycleirepresentsiMasteritheiData.
⊚i true
⊚i false



9) TheiPiiniIMPACTiCycleirepresentsiPredictitheiResults.
⊚i true
⊚i false



10) TheiAiiniIMPACTiCycleirepresentsiAnalyzeitheiData.
⊚i true
⊚i false



11) TheiCiiniIMPACTiCycleirepresentsiContinuouslyiTrack.
⊚i true
⊚i false



12) TheiTiiniIMPACTiCycleirepresentsiTrackiOutcomes.
⊚i true
⊚i false

, 13) TheiIMPACTicycleiisiiterative,iasiinsightsiareigained,ioutcomesiareitracked,iandinewiq
uestionsiareiidentified.
⊚i true
⊚i false



14) Dataianalysisithroughidataimanipulationiisiperformingibasicianalysisitoiunderstanditheiq
ualityiofitheiunderlyingidataiandiitsiabilityitoiaddressitheibusinessiquestion.
⊚i true
⊚i false



15) Toibeiproficientiinidataianalysis,iaccountantsineeditoibecomeidataiscientists.
⊚i true
⊚i false



16) Byidevelopingianianalyticsimindset,iaccountantsiwillibeiableitoirecognizeiwheniandihowid
ataianalyticsicaniaddressibusinessiquestions.
⊚i true
⊚i false



17) Whileiitiisiimportantiforiaccountantsitoiclearlyiarticulateitheibusinessiproblem,idrawingia
ppropriateiconclusions,ibasedionitheidata,ishouldibeileftitoistatisticians.
⊚i true
⊚i false



18) Analytic-
mindediaccountantsishouldireportiresultsiofianalysisiinianiaccessibleiwayitoieachivariedideci
sionimakerianditheirispecificineeds.
⊚i true
⊚i false

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