Test Bank For Introduction to Data Analytics for Accounting 23rd Edition ( Vernon Richardson , 2025)

TEST BANK FOR
d d



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



1-9
d


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




Chapter 01: d


Student name:
d


1) Datadanalyticsdisdthedprocessdofdevaluatingddatadwithdthedpurposedofddrawingdconclusionsdtoda
ddressdbusinessdquestions.
⊚d true
⊚d false



2) Thedprocessdofddatadanalyticsdaimsdtodtransformdrawdinformationdintoddatadtodcreatedvalue.
⊚d true
⊚d false



3) Datadanalyticsdhasdthedpotentialdtodtransformdthedmannerdindwhichdcompaniesdrundtheirdb
usinesses,dhoweverditdisdnotdpracticaldindthedneardfuture.
⊚d true
⊚d false



4) Auditorsdcandusedsocialdmediadtodheardwhatdcustomersdaredsayingdaboutdadcompanydanddc
omparedthisdtodinventorydobsolescencedanddotherdestimates.
⊚d true
⊚d false



5) Datadanalyticsdallowsdauditorsdtodgleandinsightsdthatdaredbeneficialdtodthedclient,dwithoutdb
reechingdindependence.
⊚d true
⊚d false

,6) Thedpredictivedanalyticsdisdandimportantdaspectdofddatadanalyticsdfordauditors,dbutdisdnotda
pplicabledfordtaxdaccountants.
⊚d true
⊚d false



7) ThedIdindIMPACTdCycledrepresentsdIdentifydthedQuestion.
⊚d true
⊚d false



8) ThedMdindIMPACTdCycledrepresentsdMasterdthedData.
⊚d true
⊚d false



9) ThedPdindIMPACTdCycledrepresentsdPredictdthedResults.
⊚d true
⊚d false



10) ThedAdindIMPACTdCycledrepresentsdAnalyzedthedData.
⊚d true
⊚d false



11) ThedCdindIMPACTdCycledrepresentsdContinuouslydTrack.
⊚d true
⊚d false



12) ThedTdindIMPACTdCycledrepresentsdTrackdOutcomes.
⊚d true
⊚d false

,13) ThedIMPACTdcycledisditerative,dasdinsightsdaredgained,doutcomesdaredtracked,danddnewdq
uestionsdaredidentified.
⊚d true
⊚d false



14) Datadanalysisdthroughddatadmanipulationdisdperformingdbasicdanalysisdtodunderstanddthed
qualitydofdthedunderlyingddatadandditsdabilitydtodaddressdthedbusinessdquestion.
⊚d true
⊚d false



15) Todbedproficientdinddatadanalysis,daccountantsdneeddtodbecomeddatadscientists.
⊚d true
⊚d false



16) Byddevelopingdandanalyticsdmindset,daccountantsdwilldbedabledtodrecognizedwhendanddhowdd
atadanalyticsdcandaddressdbusinessdquestions.
⊚d true
⊚d false



17) Whileditdisdimportantdfordaccountantsdtodclearlydarticulatedthedbusinessdproblem,ddrawingda
ppropriatedconclusions,dbaseddondtheddata,dshoulddbedleftdtodstatisticians.
⊚d true
⊚d false



18) Analytic-
mindeddaccountantsdshoulddreportdresultsdofdanalysisdindandaccessibledwaydtodeachdvariedddec
isiondmakerdanddtheirdspecificdneeds.
⊚d true
⊚d false

, 19) Withdadgoaldtodgivedorganizationsdthedinformationdtheydneeddtodmakedsounddanddtimelydb
usinessddecisions,ddatadanalyticsdoftendinvolvesdalldofdthedfollowingdexcept:
A) technologies.
B) statistics.
C) strategies.
D) databases.



20) Patternsddiscovereddfromd
enabledbusinessesdtodidentifydopportunitiesdanddrisksdanddbet
terdplandford .
A) pastdarchives;dthedfuture
B) currentddata;dthedfuture
C) currentddata;dtoday
D) pastdarchives;dtoday



21) Whichdofdthedfollowingdbestddescribesdthedgoaldofddescriptiveddatadanalysis:
A) recognizedwhatdisdmeantdbyddatadquality,dbeditdcompleteness,dreliabilitydordvalidity
B) performdbasicdanalysisdtodunderstanddthedqualitydofdthedunderlyingddatadandditsdabilitydt
odaddressdthedbusinessdquestion
C) demonstratedabilitydtodsort,drearrange,dmerge,danddreconfigureddatadindadmannerdthatda
llowsdenhanceddanalysis
D) comprehenddthedprocessdneededdtodcleandanddpreparedtheddatadbeforedanalysis



22) WhichdofdthedfollowingdMicrosoftdsoftwaredtooldspecializesdinddatadjoining?
A) Excel
B) PowerdQuery
C) PowerdBI
D) PowerdAutomate



23) WhichdofdthedfollowingdMicrosoftdsoftwaredtoolsdspecializesdindcreatingddashboards?
A) Excel
B) PowerdQuery
C) PowerdBI
D) PowerdAutomate