1
,TABLE OF CONTENTS
E E
Chapter 1: Data Analytics for Accounting and Identifying the Questions
E E E E E E E E E
Chapter 2: Mastering the Data
E E E E
Chapter 3: Performing the Test Plan and Analyzing the Results
E E E E E E E E E
Chapter 4: Communicating Results and Visualizations
E E E E E
Chapter 5: The Modern Accounting Environment
E E E E E
Chapter 6: Audit Data Analytics
E E E E
Chapter 7: Managerial Analytics
E E E
Chapter 8: Financial Statement Analytics
E E E E
Chapter 9: Tax Analytics
E E E
2
,Solutions Manual – Chapter 1
E E E E
SolutionsEtoEMultipleEChoiceEQuestions
1. (LOE1-1)EBigEDataEisEoftenEdescribedEbyEtheEfourEVs,Eor
a. volume,Evelocity,Everacity,EandEvariability.
b. volume,Evelocity,Everacity,EandEvariety.
c. volume,Evolatility,Everacity,EandEvariability.
d. variability,Evelocity,Everacity,EandEvariety.
Answer:Eb
2. LOE1-
4)EWhichEdataEapproachEattemptsEtoEassignEeachEunitEinEaEpopulationEintoEaEsmallEsetEofEclassesE(orEgroups)E
whereEtheEunitEbestEfits?
a. Regression
b. SimilarityEmatching
c. Co-occurrenceEgrouping
d. Classification
Answer:Ed
3. (LOE1-
4)EWhichEdataEapproachEattemptsEtoEidentifyEsimilarEindividualsEbasedEonEdataEknownEaboutEthem?
a. Classification
b. Regression
c. SimilarityEmatching
d. DataEreduction
Answer:Ec
4. (LOE1-4)EWhichEdataEapproachEattemptsEtoEpredictEconnectionsEbetweenEtwoEdataEitems?
a. Profiling
b. Classification
c. LinkEprediction
d. Regression
3
, Answer:Ec
5. (LOE1-
6)EWhichEofEtheseEtermsEisEdefinedEasEbeingEaEcentralErepositoryEofEdescriptionsEforEallEofEtheEdataEattributesEofE
theEdataset?
a. BigEData
b. DataEwarehouse
c. DataEdictionary
d. DataEAnalytics
Answer:Ec
6. (LOE1-5)EWhichEskillsEwereEnotEemphasizedEthatEanalytic-mindedEaccountantsEshouldEhave?
a. DevelopedEanEanalyticsEmindset
b. DataEscrubbingEandEdataEpreparation
c. ClassificationEofEtestEapproaches
d. StatisticalEdataEanalysisEcompetency
Answer:Ec
7. (LOE1-5)EInEwhichEareasEwereEskillsEnotEemphasizedEforEanalytic-mindedEaccountants?
a. DataEquality
b. DescriptiveEdataEanalysis
c. DataEvisualizationEandEdataEreporting
d. DataEandEsystemsEanalysisEandEdesign
Answer:Ed
8. (LOE1-4)ETheEIMPACTEcycleEincludesEallEexceptEtheEfollowingEsteps:
a. performEtestEplan.
b. visualizeEtheEdata.
c. masterEtheEdata.
d. trackEoutcomes.
Answer:Eb
9. (LOE1-4)ETheEIMPACTEcycleEspecificallyEincludesEallEexceptEtheEfollowingEsteps:
a. dataEpreparation.
b. communicateEinsights.
c. addressEandErefineEresults.
d. performEtestEplan.
4
,TABLE OF CONTENTS
E E
Chapter 1: Data Analytics for Accounting and Identifying the Questions
E E E E E E E E E
Chapter 2: Mastering the Data
E E E E
Chapter 3: Performing the Test Plan and Analyzing the Results
E E E E E E E E E
Chapter 4: Communicating Results and Visualizations
E E E E E
Chapter 5: The Modern Accounting Environment
E E E E E
Chapter 6: Audit Data Analytics
E E E E
Chapter 7: Managerial Analytics
E E E
Chapter 8: Financial Statement Analytics
E E E E
Chapter 9: Tax Analytics
E E E
2
,Solutions Manual – Chapter 1
E E E E
SolutionsEtoEMultipleEChoiceEQuestions
1. (LOE1-1)EBigEDataEisEoftenEdescribedEbyEtheEfourEVs,Eor
a. volume,Evelocity,Everacity,EandEvariability.
b. volume,Evelocity,Everacity,EandEvariety.
c. volume,Evolatility,Everacity,EandEvariability.
d. variability,Evelocity,Everacity,EandEvariety.
Answer:Eb
2. LOE1-
4)EWhichEdataEapproachEattemptsEtoEassignEeachEunitEinEaEpopulationEintoEaEsmallEsetEofEclassesE(orEgroups)E
whereEtheEunitEbestEfits?
a. Regression
b. SimilarityEmatching
c. Co-occurrenceEgrouping
d. Classification
Answer:Ed
3. (LOE1-
4)EWhichEdataEapproachEattemptsEtoEidentifyEsimilarEindividualsEbasedEonEdataEknownEaboutEthem?
a. Classification
b. Regression
c. SimilarityEmatching
d. DataEreduction
Answer:Ec
4. (LOE1-4)EWhichEdataEapproachEattemptsEtoEpredictEconnectionsEbetweenEtwoEdataEitems?
a. Profiling
b. Classification
c. LinkEprediction
d. Regression
3
, Answer:Ec
5. (LOE1-
6)EWhichEofEtheseEtermsEisEdefinedEasEbeingEaEcentralErepositoryEofEdescriptionsEforEallEofEtheEdataEattributesEofE
theEdataset?
a. BigEData
b. DataEwarehouse
c. DataEdictionary
d. DataEAnalytics
Answer:Ec
6. (LOE1-5)EWhichEskillsEwereEnotEemphasizedEthatEanalytic-mindedEaccountantsEshouldEhave?
a. DevelopedEanEanalyticsEmindset
b. DataEscrubbingEandEdataEpreparation
c. ClassificationEofEtestEapproaches
d. StatisticalEdataEanalysisEcompetency
Answer:Ec
7. (LOE1-5)EInEwhichEareasEwereEskillsEnotEemphasizedEforEanalytic-mindedEaccountants?
a. DataEquality
b. DescriptiveEdataEanalysis
c. DataEvisualizationEandEdataEreporting
d. DataEandEsystemsEanalysisEandEdesign
Answer:Ed
8. (LOE1-4)ETheEIMPACTEcycleEincludesEallEexceptEtheEfollowingEsteps:
a. performEtestEplan.
b. visualizeEtheEdata.
c. masterEtheEdata.
d. trackEoutcomes.
Answer:Eb
9. (LOE1-4)ETheEIMPACTEcycleEspecificallyEincludesEallEexceptEtheEfollowingEsteps:
a. dataEpreparation.
b. communicateEinsights.
c. addressEandErefineEresults.
d. performEtestEplan.
4
