Test bank for data analytics for accounting 3rd edition richardson

TESTgBANKgFOR
DatagAnalyticsgforgAccounting,g3rdgEditiongRichard
songChapterg1-9
AnswersgaregatgthegEndgofgEachgChapter

Chapterg01:
Studentgname:g
1) Dataganalyticsgisgthegprocessgofgevaluatinggdatagwithgthegpurposegofgdrawinggconcl
usionsgtogaddressgbusinessgquestions.
⊚g true
⊚g false



2) Thegprocessgofgdataganalyticsgaimsgtogtransformgrawginformationgintogdatagtogcreategva
lue.
⊚g true
⊚g false



3) Dataganalyticsghasgthegpotentialgtogtransformgthegmannergingwhichgcompaniesgr
ungtheirgbusinesses,ghowevergitgisgnotgpracticalgingthegneargfuture.
⊚g true
⊚g false



4) Auditorsgcangusegsocialgmediagtogheargwhatgcustomersgaregsayinggaboutgagcom
panygandgcomparegthisgtoginventorygobsolescencegandgothergestimates.
⊚g true
⊚g false



5) Dataganalyticsgallowsgauditorsgtoggleanginsightsgthatgaregbeneficialgtogthegclient,
gwithoutgbreechinggindependence.
⊚g true
⊚g false

,6) Thegpredictiveganalyticsgisgangimportantgaspectgofgdataganalyticsgforgauditors,gb
utgisgnotgapplicablegforgtaxgaccountants.
⊚g true
⊚g false



7) ThegIgingIMPACTgCyclegrepresentsgIdentifygthegQuestion.
⊚g true
⊚g false



8) ThegMgingIMPACTgCyclegrepresentsgMastergthegData.
⊚g true
⊚g false



9) ThegPgingIMPACTgCyclegrepresentsgPredictgthegResults.
⊚g true
⊚g false



10) ThegAgingIMPACTgCyclegrepresentsgAnalyzegthegData.
⊚g true
⊚g false



11) ThegCgingIMPACTgCyclegrepresentsgContinuouslygTrack.
⊚g true
⊚g false



12) ThegTgingIMPACTgCyclegrepresentsgTrackgOutcomes.
⊚g true
⊚g false

,13) ThegIMPACTgcyclegisgiterative,gasginsightsgareggained,goutcomesgaregtracked,g
andgnewgquestionsgaregidentified.
⊚g true
⊚g false



14) Dataganalysisgthroughgdatagmanipulationgisgperforminggbasicganalysisgtogundersta
ndgthegqualitygofgthegunderlyinggdatagandgitsgabilitygtogaddressgthegbusinessgque
stion.
⊚g true
⊚g false



15) Togbegproficientgingdataganalysis,gaccountantsgneedgtogbecomegdatagscientists.
⊚g true
⊚g false



16) Bygdevelopingganganalyticsgmindset,gaccountantsgwillgbegablegtogrecognizegwhenga
ndghowgdataganalyticsgcangaddressgbusinessgquestions.
⊚g true
⊚g false



17) Whilegitgisgimportantgforgaccountantsgtogclearlygarticulategthegbusinessgproblem,g
drawinggappropriategconclusions,gbasedgongthegdata,gshouldgbegleftgtogstatisticians.
⊚g true
⊚g false



18) Analytic-
mindedgaccountantsgshouldgreportgresultsgofganalysisgingangaccessiblegwaygtogeachgv
ariedgdecisiongmakergandgtheirgspecificgneeds.
⊚g true
⊚g false

, 19) Withgaggoalgtoggivegorganizationsgtheginformationgtheygneedgtogmakegsoundgan
dgtimelygbusinessgdecisions,gdataganalyticsgoftenginvolvesgallgofgthegfollowingge
xcept:
A) technologies.
B) statistics.
C) strategies.
D) databases.



20) Patternsgdiscoveredgfrom
enablegbusinessesgtogidentifygopportunitiesgandgrisksgandgbettergplangfor .
A) pastgarchives;gthegfuture
B) currentgdata;gthegfuture
C) currentgdata;gtoday
D) pastgarchives;gtoday



21) Whichgofgthegfollowinggbestgdescribesgtheggoalgofgdescriptivegdataganalysis:
A) recognizegwhatgisgmeantgbygdatagquality,gbegitgcompleteness,greliabilitygorgvalidi
ty
B) performgbasicganalysisgtogunderstandgthegqualitygofgthegunderlyinggdatagandgit
sgabilitygtogaddressgthegbusinessgquestion
C) demonstrategabilitygtogsort,grearrange,gmerge,gandgreconfiguregdatagingagman
nergthatgallowsgenhancedganalysis
D) comprehendgthegprocessgneededgtogcleangandgpreparegthegdatagbeforeganalysis



22) WhichgofgthegfollowinggMicrosoftgsoftwaregtoolgspecializesgingdatagjoining?
A) Excel
B) PowergQuery
C) PowergBI
D) PowergAutomate



23) WhichgofgthegfollowinggMicrosoftgsoftwaregtoolsgspecializesgingcreatinggdashboards?
A) Excel
B) PowergQuery
C) PowergBI
D) PowergAutomate