Test bank for data analytics for accounting 3rd edition by Vernon Richardson
7 views 1 purchase
Course
Data Analytics for Accounting, 3rd Edition
Institution
Data Analytics For Accounting, 3rd Edition
Test bank for data analytics for accounting 3rd edition by Vernon RichardsonTest bank for data analytics for accounting 3rd edition by Vernon RichardsonTest bank for data analytics for accounting 3rd edition by Vernon RichardsonTest bank for data analytics for accounting 3rd edition by Vernon Richa...
TEST BANK
Data Analytics for Accounting, 3rd Edition
by Vernon Richardson, Chapters 1 – 9
,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 4:
Communicating Results and Visualizations
Chapter 5: The Modern Accounting Environment Chapter 6: Audit
Data Analytics
Chapter 01:
Student name:
1) Data analytics is the process of evaluating data with the purpose of drawing
conclusions toaddress business questions.
⊚ true
⊚ false
2) The process
create value.of data analytics aims to transform raw information into data to
⊚ true
⊚ false
3) Data analytics has the potential to transform the manner in which
companies run theirbusinesses, 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 andcompare this to inventory obsolescence and other
estimates.
⊚ true
⊚ false
5) Data analytics allows auditors to glean insights that are beneficial to
the client, withoutbreeching independence.
⊚ true
⊚ false
, 6) The predictive analytics is an important aspect of data analytics for
auditors, but is notapplicable 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
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 STUVATE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
