EST BANK FOR Data Analytics for Accounting, 3rdEdition Richardson Chapter 1-9

TEST BANK FOR
h h



Data Analytics for Accounting, 3rd Edition Richardson Chapter
h h h h h h h



1-9
h


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




Chapter 01: h


Student name:
h


1) Datahanalyticshishthehprocesshofhevaluatinghdatahwithhthehpurposehofhdrawinghconclusionshtoha
ddresshbusinesshquestions.
⊚h true
⊚h false



2) Thehprocesshofhdatahanalyticshaimshtohtransformhrawhinformationhintohdatahtohcreatehvalue.
⊚h true
⊚h false



3) Datahanalyticshhashthehpotentialhtohtransformhthehmannerhinhwhichhcompanieshrunhtheirhb
usinesses,hhoweverhithishnothpracticalhinhthehnearhfuture.
⊚h true
⊚h false



4) Auditorshcanhusehsocialhmediahtohhearhwhathcustomersharehsayinghabouthahcompanyhandhc
omparehthishtohinventoryhobsolescencehandhotherhestimates.
⊚h true
⊚h false



5) Datahanalyticshallowshauditorshtohgleanhinsightshthatharehbeneficialhtohthehclient,hwithouthb
reechinghindependence.
⊚h true
⊚h false

,6) Thehpredictivehanalyticshishanhimportanthaspecthofhdatahanalyticshforhauditors,hbuthishnotha
pplicablehforhtaxhaccountants.
⊚h true
⊚h false



7) ThehIhinhIMPACThCyclehrepresentshIdentifyhthehQuestion.
⊚h true
⊚h false



8) ThehMhinhIMPACThCyclehrepresentshMasterhthehData.
⊚h true
⊚h false



9) ThehPhinhIMPACThCyclehrepresentshPredicththehResults.
⊚h true
⊚h false



10) ThehAhinhIMPACThCyclehrepresentshAnalyzehthehData.
⊚h true
⊚h false



11) ThehChinhIMPACThCyclehrepresentshContinuouslyhTrack.
⊚h true
⊚h false



12) ThehThinhIMPACThCyclehrepresentshTrackhOutcomes.
⊚h true
⊚h false

,13) ThehIMPACThcyclehishiterative,hashinsightsharehgained,houtcomesharehtracked,handhnewhq
uestionsharehidentified.
⊚h true
⊚h false



14) Datahanalysishthroughhdatahmanipulationhishperforminghbasichanalysishtohunderstandhtheh
qualityhofhthehunderlyinghdatahandhitshabilityhtohaddresshthehbusinesshquestion.
⊚h true
⊚h false



15) Tohbehproficienthinhdatahanalysis,haccountantshneedhtohbecomehdatahscientists.
⊚h true
⊚h false



16) Byhdevelopinghanhanalyticshmindset,haccountantshwillhbehablehtohrecognizehwhenhandhhowhd
atahanalyticshcanhaddresshbusinesshquestions.
⊚h true
⊚h false



17) Whilehithishimportanthforhaccountantshtohclearlyharticulatehthehbusinesshproblem,hdrawingha
ppropriatehconclusions,hbasedhonhthehdata,hshouldhbehlefthtohstatisticians.
⊚h true
⊚h false



18) Analytic-
mindedhaccountantshshouldhreporthresultshofhanalysishinhanhaccessiblehwayhtoheachhvariedhdec
isionhmakerhandhtheirhspecifichneeds.
⊚h true
⊚h false

, 19) Withhahgoalhtohgivehorganizationshthehinformationhtheyhneedhtohmakehsoundhandhtimelyhb
usinesshdecisions,hdatahanalyticshoftenhinvolveshallhofhthehfollowinghexcept:
A) technologies.
B) statistics.
C) strategies.
D) databases.



20) Patternshdiscoveredhfromh
enablehbusinesseshtohidentifyhopportunitieshandhriskshandhbet
terhplanhforh .
A) pastharchives;hthehfuture
B) currenthdata;hthehfuture
C) currenthdata;htoday
D) pastharchives;htoday



21) Whichhofhthehfollowinghbesthdescribeshthehgoalhofhdescriptivehdatahanalysis:
A) recognizehwhathishmeanthbyhdatahquality,hbehithcompleteness,hreliabilityhorhvalidity
B) performhbasichanalysishtohunderstandhthehqualityhofhthehunderlyinghdatahandhitshabilityht
ohaddresshthehbusinesshquestion
C) demonstratehabilityhtohsort,hrearrange,hmerge,handhreconfigurehdatahinhahmannerhthatha
llowshenhancedhanalysis
D) comprehendhthehprocesshneededhtohcleanhandhpreparehthehdatahbeforehanalysis



22) WhichhofhthehfollowinghMicrosofthsoftwarehtoolhspecializeshinhdatahjoining?
A) Excel
B) PowerhQuery
C) PowerhBI
D) PowerhAutomate



23) WhichhofhthehfollowinghMicrosofthsoftwarehtoolshspecializeshinhcreatinghdashboards?
A) Excel
B) PowerhQuery
C) PowerhBI
D) PowerhAutomate