Test Bank For Data Analytics for Accounting, 3rd Edition Richardson

TEST BANK FOR
F F



Data Analytics for Accounting, 3rd Edition Richardson
F F F F F F F



Chapter 1-9 F


Answers are at the End of Each Chapter
F F F F F F F




Chapter 01: F


Student name:
F F


1) DataFanalyticsFisFtheFprocessFofFevaluatingFdataFwithFtheFpurposeFofFdrawingFconclusionsFtoF
addressFbusinessFquestions.
⊚F true
⊚F false



2) TheFprocessFofFdataFanalyticsFaimsFtoFtransformFrawFinformationFintoFdataFtoFcreateFvalue.
⊚F true
⊚F false



3) DataFanalyticsFhasFtheFpotentialFtoFtransformFtheFmannerFinFwhichFcompaniesFrunFtheirF
businesses,FhoweverFitFisFnotFpracticalFinFtheFnearFfuture.
⊚F true
⊚F false



4) AuditorsFcanFuseFsocialFmediaFtoFhearFwhatFcustomersFareFsayingFaboutFaFcompanyFandF
compareFthisFtoFinventoryFobsolescenceFandFotherFestimates.
⊚F true
⊚F false



5) DataFanalyticsFallowsFauditorsFtoFgleanFinsightsFthatFareFbeneficialFtoFtheFclient,FwithoutF
breechingFindependence.
⊚F true
⊚F false

,6) TheFpredictiveFanalyticsFisFanFimportantFaspectFofFdataFanalyticsFforFauditors,FbutFisFnotF
applicableFforFtaxFaccountants.
⊚F true
⊚F false



7) TheFIFinFIMPACTFCycleFrepresentsFIdentifyFtheFQuestion.
⊚F true
⊚F false



8) TheFMFinFIMPACTFCycleFrepresentsFMasterFtheFData.
⊚F true
⊚F false



9) TheFPFinFIMPACTFCycleFrepresentsFPredictFtheFResults.
⊚F true
⊚F false



10) TheFAFinFIMPACTFCycleFrepresentsFAnalyzeFtheFData.
⊚F true
⊚F false



11) TheFCFinFIMPACTFCycleFrepresentsFContinuouslyFTrack.
⊚F true
⊚F false



12) TheFTFinFIMPACTFCycleFrepresentsFTrackFOutcomes.
⊚F true
⊚F false

,13) TheFIMPACTFcycleFisFiterative,FasFinsightsFareFgained,FoutcomesFareFtracked,FandFnewF
questionsFareFidentified.
⊚F true
⊚F false



14) DataFanalysisFthroughFdataFmanipulationFisFperformingFbasicFanalysisFtoFunderstandFtheF
qualityFofFtheFunderlyingFdataFandFitsFabilityFtoFaddressFtheFbusinessFquestion.
⊚F true
⊚F false



15) ToFbeFproficientFinFdataFanalysis,FaccountantsFneedFtoFbecomeFdataFscientists.
⊚F true
⊚F false



16) ByFdevelopingFanFanalyticsFmindset,FaccountantsFwillFbeFableFtoFrecognizeFwhenFandFhowF
dataFanalyticsFcanFaddressFbusinessFquestions.
⊚F true
⊚F false



17) WhileFitFisFimportantFforFaccountantsFtoFclearlyFarticulateFtheFbusinessFproblem,FdrawingF
appropriateFconclusions,FbasedFonFtheFdata,FshouldFbeFleftFtoFstatisticians.
⊚F true
⊚F false



18) Analytic-
mindedFaccountantsFshouldFreportFresultsFofFanalysisFinFanFaccessibleFwayFtoFeachFvariedFde
cisionFmakerFandFtheirFspecificFneeds.
⊚F true
⊚F false

, 19) WithFaFgoalFtoFgiveForganizationsFtheFinformationFtheyFneedFtoFmakeFsoundFandFtimelyF
businessFdecisions,FdataFanalyticsFoftenFinvolvesFallFofFtheFfollowingFexcept:
A) technologies.
B) statistics.
C) strategies.
D) databases.



20) PatternsFdiscoveredFfrom
enableFbusinessesFtoFidentifyFopportunitiesFandFrisksFandFbetterFplanFfor .
A) pastFarchives;FtheFfuture
B) currentFdata;FtheFfuture
C) currentFdata;Ftoday
D) pastFarchives;Ftoday



21) WhichFofFtheFfollowingFbestFdescribesFtheFgoalFofFdescriptiveFdataFanalysis:
A) recognizeFwhatFisFmeantFbyFdataFquality,FbeFitFcompleteness,FreliabilityForFvalidity
B) performFbasicFanalysisFtoFunderstandFtheFqualityFofFtheFunderlyingFdataFandFitsFabilityF
toFaddressFtheFbusinessFquestion
C) demonstrateFabilityFtoFsort,Frearrange,Fmerge,FandFreconfigureFdataFinFaFmannerFthatF
allowsFenhancedFanalysis
D) comprehendFtheFprocessFneededFtoFcleanFandFprepareFtheFdataFbeforeFanalysis



22) WhichFofFtheFfollowingFMicrosoftFsoftwareFtoolFspecializesFinFdataFjoining?
A) Excel
B) PowerFQuery
C) PowerFBI
D) PowerFAutomate



23) WhichFofFtheFfollowingFMicrosoftFsoftwareFtoolsFspecializesFinFcreatingFdashboards?
A) Excel
B) PowerFQuery
C) PowerFBI
D) PowerFAutomate