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Test Bank for Introduction to Data Analytics for Accounting, 2nd Edition by Vernon Richardson|ultimate guide 100% verified. $15.99   Add to cart

Exam (elaborations)

Test Bank for Introduction to Data Analytics for Accounting, 2nd Edition by Vernon Richardson|ultimate guide 100% verified.

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  • Course
  • Advanced Accounting 2nd edition
  • Institution
  • Advanced Accounting 2nd Edition

Test Bank for Introduction to Data Analytics for Accounting, 2nd Edition by Vernon Richardson|ultimate guide 100% verified.

Preview 4 out of 123  pages

  • November 6, 2024
  • 123
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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  • Advanced Accounting 2nd edition
  • Advanced Accounting 2nd edition
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AGRADEPROMASTER
,DOWNLOADiTHEiTestiBankiforiDataiAnalyticsiforiAccountingi2ndiEditioniRichar
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Data Analytics for Accounting 2nd Edition by Richardson
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CH01
ANSWERSiAREiLOCATEDiINiTHEiSECONDiPARTiOFiTHISiDOCUMENT
TRUE/FALSEi-iWritei'T'iifitheistatementiisitrueiandi'F'iifitheistatementiisifalse.
1) Dataianalyticsiisitheiprocessiofievaluatingidataiwithitheipurposeiofidrawingiconclusionsitoia
ddressibusinessiquestions.
⊚ true
⊚ false


2) Theiprocessiofidataianalyticsiaimsitoitransformirawiinformationiintoidataitoicreateivalue.
⊚ true
⊚ false


3) Dataianalyticsihasitheipotentialitoitransformitheimanneriiniwhichicompaniesirunitheiribus
inesses,ihoweveriitiisinotipracticaliinitheinearifuture.
⊚ true
⊚ false


4) Auditorsicaniuseisocialimediaitoiheariwhaticustomersiareisayingiaboutiaicompanyiandico
mpareithisitoiinventoryiobsolescenceiandiotheriestimates.
⊚ true
⊚ false


5) Dataianalyticsiallowsiauditorsitoigleaniinsightsithatiareibeneficialitoitheiclient,iwithoutibre
echingiindependence.
⊚ true
⊚ false


6) Theipredictiveianalyticsiisianiimportantiaspectiofidataianalyticsiforiauditors,ibutiisinotiapp
licableiforitaxiaccountants.
⊚ true
⊚ false


7) TheiIiiniIMPACTiCycleirepresentsiIdentifyitheiQuestion.



Versioni1 1
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,DOWNLOADiTHEiTestiBankiforiDataiAnalyticsiforiAccountingi2ndiEditioniRichar
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Data Analytics for Accounting 2nd Edition by Richardson
i i i i i i i


CH01
⊚ true
⊚ false


8) TheiMiiniIMPACTiCycleirepresentsiMasteritheiData.
⊚ true
⊚ false


9) TheiPiiniIMPACTiCycleirepresentsiPredictitheiResults.
⊚ true
⊚ false


10) TheiAiiniIMPACTiCycleirepresentsiAnalyzeitheiData.
⊚ true
⊚ false


11) TheiCiiniIMPACTiCycleirepresentsiContinuouslyiTrack.
⊚ true
⊚ false


12) TheiTiiniIMPACTiCycleirepresentsiTrackiOutcomes.
⊚ true
⊚ false


13) TheiIMPACTicycleiisiiterative,iasiinsightsiareigained,ioutcomesiareitracked,iandinewique
stionsiareiidentified.
⊚ true
⊚ false


14) Dataianalyticsiprofessionalsiestimateithatitheyispendibetweeni25ipercentiandi70ipercentiofit
heiritimeicleaningidataisoiiticanibeianalyzed.
⊚ true
⊚ false



Versioni1 2
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, DOWNLOADiTHEiTestiBankiforiDataiAnalyticsiforiAccountingi2ndiEditioniRichar
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Data Analytics for Accounting 2nd Edition by Richardson
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CH01

15) Dataianalysisithroughidataimanipulationiisiperformingibasicianalysisitoiunderstanditheiqu
alityiofitheiunderlyingidataiandiitsiabilityitoiaddressitheibusinessiquestion.
⊚ true
⊚ false


16) Toibeiproficientiinidataianalysis,iaccountantsineeditoibecomeidataiscientists.
⊚ true
⊚ false


17) Byidevelopingianianalyticsimindset,iaccountantsiwillibeiableitoirecognizeiwheniandihowidat
aianalyticsicaniaddressibusinessiquestions.
⊚ true
⊚ false


18) Whileiitiisiimportantiforiaccountantsitoiclearlyiarticulateitheibusinessiproblem,idrawingiap
propriateiconclusions,ibasedionitheidata,ishouldibeileftitoistatisticians.
⊚ true
⊚ false


19) Analytic-
mindediaccountantsishouldireportiresultsiofianalysisiinianiaccessibleiwayitoieachivariedidecision
imakerianditheirispecificineeds.

⊚ true
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MULTIPLEiCHOICEi-
iChooseitheioneialternativeithatibesticompletesitheistatementiorianswersitheiquestion.

20) Withiaigoalitoigiveiorganizationsitheiinformationitheyineeditoimakeisoundianditimelyibus
inessidecisions,idataianalyticsiofteniinvolvesialliofitheifollowingiexcept:




Versioni1 3
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