WGU D552 OBJECTIVE ASSESSMENT V1 AND V2
NEWEST 2026 TEST BANK| D552 DATA ANALYTICS
FOR ACCOUNTANTS OA EXAM WITH COMPLETE 200
REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
D552 OBJECTIVE ASSESSMENT V1.
Which concept ensures data is accurate and complete? - ANSWER -
Data integrity
Why is data visualization important in accounting analytics? - ANSWER
- It helps communicate insights clearly
Which role does professional judgment play in data analytics? -
ANSWER - Interpreting results and making decisions
Which analytics approach is most commonly used in traditional financial
reporting? - ANSWER - Descriptive analytics
What is a primary benefit of using data analytics in auditing? -
ANSWER - Improved risk assessment
Which concept focuses on managing who can access and use data? -
ANSWER - Data governance
Which skill is most critical when evaluating analytics results? -
ANSWER - Critical thinking
pg. 1
,What is the main purpose of internal controls related to data? -
ANSWER - Ensure reliability and compliance
How has data analytics affected how accountants approach their work? -
ANSWER - By improving the quality of estimates and valuations in
financial accounting
Which step involves measuring actions and results continuously during
the IMPACT cycle? - ANSWER - The Track outcomes step
Which approach to data analytics attempts to characterize the typical
behavior of a group to identify abnormal behavior when conducting
analysis during an IMPACT cycle? - ANSWER - Profiling
How can the results of an IMPACT analysis be communicated
effectively? - ANSWER - By determining whether the results are being
reported for declarative or exploratory purposes
How does link prediction help execute a test plan in the context of the
IMPACT cycle model? - ANSWER - By anticipating connections
between two seemingly unrelated data items
A company hired a forensic accountant to investigate fraudulent data
reported in employees' travel and entertainment expenses. In the Perform
step of the IMPACT model, the accountant filters through a spreadsheet
of such expenses and condenses the data to a smaller set that focuses on
the most abnormal items, such as the highest cost. Which data analytics
technique is the forensic accountant using for this investigation? -
ANSWER - Data reduction
pg. 2
,An e-commerce platform attempts to find the relationship between
customers based on transactions involving them. A customer who bought
an item would be sold another item either based on items frequently
bought together or based on similar items bought by other customers.
Which analytics technique should be employed for this task? -
ANSWER - Co-occurrence grouping
Suspecting that some employees could be siphoning funds to
themselves, a manufacturing company uses an analytics approach to
identify similar addresses in two database tables: one containing names
of employees and their addresses and the other containing names of the
company's vendors and their addresses. Which analytics technique is the
company using in this case? - ANSWER - Fuzzy matching
Which type of business management software combines programs from
all parts of a business, such as finance, accounting, manufacturing, and
human resources, into one single system? - ANSWER - Enterprise
resource planning
A financial analyst at a tech company is working with a dataset that
contains the profit margins for each of the company's products sold in
the last three years. All transactions are filed in an Excel spreadsheet
with columns indicating details such as the product name and transaction
date. What is the fastest way for the analyst to create a table that shows
the monthly profit margins for each product? - ANSWER - By using
PivotTables
An online lending company obtained aggregate market data on potential
customer segments and used it to target certain segments. However, the
defaults on those borrowers slowly increased after six months. What is a
potential reason for this from the standpoint of ethical data practices? -
pg. 3
, ANSWER - The company did not ensure that the market data was
reliable.
A social media application developed by a company uses information
from the images and videos taken by users to collect data about the
conditions of public infrastructure in various locations. However,
research analysts found that users were not informed that their data
would be used for this specific purpose. Which principle of data ethics
has the company violated in this case? - ANSWER - The company failed
to be transparent with its users.
A healthcare service provider is in the process of creating an application
for addressing the healthcare needs of individuals. Consequently, the
company collects data from individuals to gain insights into their
healthcare experiences. The company also collects data about any recent
issues related to trauma or stress experienced by individuals. What
should the company be wary of in terms of ethical responsibility while
collecting such data? - ANSWER - Ensuring that all data points
collected apply to the problem in question
Which tool should an auditor use to retrieve data from a relational
database for analysis? - ANSWER - Use SQL to retrieve data and
analyze it in Excel
After scoping the data request and documenting risks, what should an
accountant do next? - ANSWER - Determine what data is needed and in
what format
Why might loan defaults increase due to unethical data practices? -
ANSWER - The market data used was not reliable
pg. 4
NEWEST 2026 TEST BANK| D552 DATA ANALYTICS
FOR ACCOUNTANTS OA EXAM WITH COMPLETE 200
REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
D552 OBJECTIVE ASSESSMENT V1.
Which concept ensures data is accurate and complete? - ANSWER -
Data integrity
Why is data visualization important in accounting analytics? - ANSWER
- It helps communicate insights clearly
Which role does professional judgment play in data analytics? -
ANSWER - Interpreting results and making decisions
Which analytics approach is most commonly used in traditional financial
reporting? - ANSWER - Descriptive analytics
What is a primary benefit of using data analytics in auditing? -
ANSWER - Improved risk assessment
Which concept focuses on managing who can access and use data? -
ANSWER - Data governance
Which skill is most critical when evaluating analytics results? -
ANSWER - Critical thinking
pg. 1
,What is the main purpose of internal controls related to data? -
ANSWER - Ensure reliability and compliance
How has data analytics affected how accountants approach their work? -
ANSWER - By improving the quality of estimates and valuations in
financial accounting
Which step involves measuring actions and results continuously during
the IMPACT cycle? - ANSWER - The Track outcomes step
Which approach to data analytics attempts to characterize the typical
behavior of a group to identify abnormal behavior when conducting
analysis during an IMPACT cycle? - ANSWER - Profiling
How can the results of an IMPACT analysis be communicated
effectively? - ANSWER - By determining whether the results are being
reported for declarative or exploratory purposes
How does link prediction help execute a test plan in the context of the
IMPACT cycle model? - ANSWER - By anticipating connections
between two seemingly unrelated data items
A company hired a forensic accountant to investigate fraudulent data
reported in employees' travel and entertainment expenses. In the Perform
step of the IMPACT model, the accountant filters through a spreadsheet
of such expenses and condenses the data to a smaller set that focuses on
the most abnormal items, such as the highest cost. Which data analytics
technique is the forensic accountant using for this investigation? -
ANSWER - Data reduction
pg. 2
,An e-commerce platform attempts to find the relationship between
customers based on transactions involving them. A customer who bought
an item would be sold another item either based on items frequently
bought together or based on similar items bought by other customers.
Which analytics technique should be employed for this task? -
ANSWER - Co-occurrence grouping
Suspecting that some employees could be siphoning funds to
themselves, a manufacturing company uses an analytics approach to
identify similar addresses in two database tables: one containing names
of employees and their addresses and the other containing names of the
company's vendors and their addresses. Which analytics technique is the
company using in this case? - ANSWER - Fuzzy matching
Which type of business management software combines programs from
all parts of a business, such as finance, accounting, manufacturing, and
human resources, into one single system? - ANSWER - Enterprise
resource planning
A financial analyst at a tech company is working with a dataset that
contains the profit margins for each of the company's products sold in
the last three years. All transactions are filed in an Excel spreadsheet
with columns indicating details such as the product name and transaction
date. What is the fastest way for the analyst to create a table that shows
the monthly profit margins for each product? - ANSWER - By using
PivotTables
An online lending company obtained aggregate market data on potential
customer segments and used it to target certain segments. However, the
defaults on those borrowers slowly increased after six months. What is a
potential reason for this from the standpoint of ethical data practices? -
pg. 3
, ANSWER - The company did not ensure that the market data was
reliable.
A social media application developed by a company uses information
from the images and videos taken by users to collect data about the
conditions of public infrastructure in various locations. However,
research analysts found that users were not informed that their data
would be used for this specific purpose. Which principle of data ethics
has the company violated in this case? - ANSWER - The company failed
to be transparent with its users.
A healthcare service provider is in the process of creating an application
for addressing the healthcare needs of individuals. Consequently, the
company collects data from individuals to gain insights into their
healthcare experiences. The company also collects data about any recent
issues related to trauma or stress experienced by individuals. What
should the company be wary of in terms of ethical responsibility while
collecting such data? - ANSWER - Ensuring that all data points
collected apply to the problem in question
Which tool should an auditor use to retrieve data from a relational
database for analysis? - ANSWER - Use SQL to retrieve data and
analyze it in Excel
After scoping the data request and documenting risks, what should an
accountant do next? - ANSWER - Determine what data is needed and in
what format
Why might loan defaults increase due to unethical data practices? -
ANSWER - The market data used was not reliable
pg. 4
