ACCT 6220: Accounting Data Analytics bundled exams 2023 with 100% correct answers

On a CVP graph, ______. a. tr = tc at breakeven b. as volume increases, fixed costs increase c. volume is plotted on the vertical axis d. profit = tr-tc correct answers- tr = tc at breakeven - profit = tr-tc When compared to the Cost-Volume-Profit graph, the ____________ _______ __...

IMPACT cycle (data analytics process) correct answers1. identify the Qs* 2. Master the data 3. perform test plan 4. address and refine results 5. communicate insights 6. track outcomes data analytics correct answersthe process of evaluating data with the purpose of drawing conclusions to add...

What are the six components of the IMPACT cycle? correct answers1) Identify the questions 2) Master the data 3) Perform test plan 4) Address and refine results 5) Communicate insights 6) Track outcomes Definition of Data Analytics correct answersData Analytics is the process of evaluating da...

Accounting Information System correct answersa system consisting of interrelated manual and computer parts that uses processes such as collecting, recording, summarizing, analyzing (using decision models), and managing data to provide output information to users. Activity-Based Management correct...

the most clear and unbiased basis for cost allocation exists when which one of the following can be determined? correct answerscost and effect relationship Cost allocation is an important strategic issue for U.S. manufacturing firms with foreign subsidiaries because of: correct answersthe tax imp...

Functions of managerial accounting correct answers- Determining the cost - Providing relevant information for better decision making - Providing information for planning, control, decision making and application Deals with the estimation of product costs, setting up of costing system to re...

Data Analytcics correct answersthe process of evaluating data with the purpose of drawing conclusions to address business questions; provides a way to search through large structured and unstructured data to identify unknown patterns or relationships Big Data correct answersdatasets that are too ...

Should we use company specific or macro-economic data to address the accounting question? correct answersMaster the Data What are the appropriate cost drivers for activity based costing purposes? correct answersID the Question Should we consider using regression analysis or clustering analysis...

risk transfer correct answersA risk response that involves shifting a risk to a third party. In other words, a third party assumes the liabilities for the risk. Most often, this is done through a contract, such as an insurance policy. Transaction-based AIS correct answersA traditional information...

Data differs from information because correct answersData are raw figures and facts whereas information is the knowledge we gain from the data Self-service business intelligence software correct answersProvides easy-to-use extended data processing capabilities for preparing data, and reporting da...

Which of the following is a computer-assisted audit technique that permits an auditor to insert the auditor's version of a client's program to process data and compare the output with the client's output? A. Test data module. B. Frame relay protocol. C. Remote node router. D. Parallel sim...

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 ...

the power of real insight comes when______ from diverse sources can be _____. correct answersMultiple data, Integrated together Business Analytics (BA) is correct answersfocused on process of discovery of actionable knowledge and the creation of new businesses from that knowledge Data Normaliz...

T/F: Batch processing creates a homogeneous product through a continuous series of standard procedures. correct answersFalse T/F: A company's value stream includes all steps in a process, both essential and non-essential, for which the customer is willing to pay. correct answersFalse T/F: Mov...