ACCT 3130 EXAM III QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026

ACCT 3130 EXAM III QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 Which of the following would not be considered a prescriptive analytics technique? A. Sensitivity Analysis Evaluating Assumptions of Future Performance B. Cross tabulation Analyzing Past Performance C. Breakeven Level in Sales D. Capital Budgeting - Answers B. Cross tabulation analyzing past performance What would you consider to be an operational KPI? A. Inventory Shrinkage Rate B. Brand Equity C. CAPEX to Sales Ratio D. Revenue Per Employee - Answers A. Inventory Shrinkage Rate What does KPI Stand for? A. Key performance index B. Key performance indicator C. Key paired index D. Key paired indicator - Answers B. Key Performance Indicator The most important KPIs should be placed in the _____ corner of the page even if we are not following a strategy map template. A. bottom right B. bottom left C. top left D. top right - Answers C. Top Left According to the text, which of these are not helpful in refining a dashboard? A. Which metric are you using most frequently to help you make decisions? B. Are you downloading the data to do any additional analysis after working with the dashboard, and if so, can the dashboard be improved to save those extra steps? C. Are there any metrics that you do not use? If so, why aren't they helpful? D. Which data are the easiest to access or least costly to collect? - Answers D. Which data are the easiest to access or least costly to collect. On a Balanced Scorecard, which is not included as a component? A. Financial Performance B. Customer/Stakeholder C. Internal Process D. Employee Capacity - Answers D. Employee Capacity Which of the following would be considered to be a diagnostic analytics technique in managerial accounting? A. Summary Statistics B. Computation of Job Order Costing C. Price and Rate Variance Analysis D. Sales Forecasts - Answers C. Price and Rate Variance Analysis What is defined as an interactive report showing the most important metrics to help users understand how a company or an organization is performing? A. KPI B. Performance Metric C. Digital Dashboard D. Balanced Scorecard - Answers C. Digital Dashboard What Would you consider to be a prescriptive analytics technique in management accounting? A. Computation of KPIs B. Capital Budgeting C. Comparison of Actual Performance to Budgeted Performance D. Cash Flow analysis - Answers B. Capital Budgeting What would you consider to be a diagnostic technique is management accounting? A. Computation of Rate Variances B. Sales Forecasts based on Time Series Analysis C. Breakeven Level in sales D. Computation of Product Sales in Prior Period - Answers A. Computation of Rate Variances What are the four components on the balances scorecard? - Answers - Financial - Customer - Internal Processes - Organizational Capacity What are the four items on the balanced scorecard? - Answers - Objectives - Measures - Targets - Initiatives What should objectives do? - Answers They should align with the strategic goal of the organization What are the measures in a Balanced Scorecard? - Answers KPIs Whats the target in a Balanced Scorecard? - Answers It's the goal toward which we want to move this measure Whats the initiative in a Balanced Scorecard? - Answers The action that we're going to take in order to accomplish that What type of technique is Summary Statistics? - Answers Descriptive What type of technique is Computation of Job Order Costing? - Answers Descriptive What type of technique is Sales Forecasts? - Answers Predictive What type of technique are KPIs? - Answers Comparing - Diagnostic Computing - Descriptive What type of technique is Comparison of Actual Performance to Budgeted Performance - Answers Diagnostic (comparison is give away) What type of technique is Cash Flow Forecast? - Answers Predictive What type of technique is Sales Forecasts based on time series analysis? - Answers Predictive What type of technique is Breakeven Level in Sales? - Answers Prescriptive What type of technique is Computation of Product Sales in a Prior Period? - Answers Descriptive How much did Job ## cost per unit? - Answers Descriptive What is the driving rate variance on manufacturing? - Answers Diagnostic How can revenues be maximized (or costs be minimized) if there is an increase in VAT tax in Ireland? - Answers Prescriptive What is the forecasted cash balance at the end of September? - Answers Predictive What is the level of fixed and variable costs for the manufacture of Product 317? - Answers Descriptive Conditional Formatting - Answers Diagnostic Time Series Analysis - Answers Predictive What-if analysis - Answers Prescriptive Sensitivity Analysis - Answers Prescriptive Summary Statistics - Answers Descriptive Capital Budgeting - Answers Prescriptive Computation of Job Order Costing - Answers Descriptive Brand Equity - Answers Marketing KPI Project Cost Variance - Answers Operational KPI Waste Reduction KPI (not on exam) - Answers Environmental KPI EBITA - Answers Financial KPI 360-degree feedback (not on exam) - Answers Employee Non Promoter Score (not on exam) - Answers idk Time to Market (not on exam) - Answers Operational KPI Debt to Equity Ratio - Answers Financial KPI Water Footprint - Answers Environmental KPI Customer Satisfaction - Answers Customer KPI Overall Equipment Effectiveness - Answers Operational KPI Return on Capital - Answers Financial KPI Quality index (not on exam) - Answers idk Cost per Lead - Answers Marketing KPI Energy Consumption - Answers Environmental KPI Net Income Gross Profit Margin Net Profit Margin Working Capital Ratio - Answers Financial KPI Revenue per Employee Human Capital Value Added Employee Satisfaction Index Staff Advocacy Score Employee Engagement Level - Answers Employee KPI Cost Per Lead Page Views and Bounce Rate Brand Equity Customer Online engagement level - Answers Marketing KPI The DuPont analysis of return on equity (ROE) includes all of the following component ratios except: A. Asset turnover B. Inventory turenover C. Financial leverage D. Profit Margin - Answers B. Inventory Turnover What Type of Ratios measure a firm's operating efficiency? A. Dupont Ratios B. Liquidity Ratios C. Activity Ratios D. Solvency Ratios - Answers C. Activity Ratios Performance comparisons to a company's own past or to its competition would be considered ___ analytics A. Prescriptive B. Descriptive C. Predictive D. Diagnostic - Answers D. Diagnostic What computerized technique would be used to perform sentiment analysis on an annual accounting report? A. Text Mining B. Sentiment Analysis C. Textual Analysis D. Decision Trees - Answers A. Text Mining Determining how sensitive a stock's intrinsic value to assumptions and estimates would be an example of ____ analytics? A. diagnostic B. predictive C. descriptive D. prescriptive - Answers D. prescriptive XBRL stands for: A. Extensible Business Reporting Language B. Extensive Business Reporting Language C. XML Business Reporting Language D. Excel Business Reporting Language - Answers A. Extensible Business Reporting Language Which term defines and describes each XBRL financial element? A. Data dictionary B. Descriptive statistics C. XBRL-GL D. Taxonomy - Answers D. Taxonomy What is the term used to describe the process of assigning XBRL tags internally within a financial reporting/enterprise system? A. XRBL tagging B. XRBL taxonomy C. XRBL-GL D. XRBL dictionary - Answers C. XRBL-GL