Solution Manual For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Katie L. Terrell, Ryan A. Teeter All Chapters.

TEST BANK FOR
g g

DatagAnalyticsgforgAccounting,g3rdgEditiongRichardsongChapte
rg1-9
AnswersgaregatgthegEndgofgEachgChapter

Chapterg01:
Studentgname:
1) Dataganalyticsgisgthegprocessgofgevaluatinggdatagwithgthegpurposegofgdrawinggconclusionsgt
ogaddressgbusinessgquestions.
⊚g true
⊚g false



2) Thegprocessgofgdataganalyticsgaimsgtogtransformgrawginformationgintogdatagtogcreategvalue.
⊚g true
⊚g false



3) Dataganalyticsghasgthegpotentialgtogtransformgthegmannergingwhichgcompaniesgrungthei
rgbusinesses,ghowevergitgisgnotgpracticalgingthegneargfuture.
⊚g true
⊚g false



4) Auditorsgcangusegsocialgmediagtogheargwhatgcustomersgaregsayinggaboutgagcompanygan
dgcomparegthisgtoginventorygobsolescencegandgothergestimates.
⊚g true
⊚g false



5) Dataganalyticsgallowsgauditorsgtoggleanginsightsgthatgaregbeneficialgtogthegclient,gwitho
utgbreechinggindependence.
⊚g true
⊚g false

,6) Thegpredictiveganalyticsgisgangimportantgaspectgofgdataganalyticsgforgauditors,gbutgisgn
otgapplicablegforgtaxgaccountants.
⊚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,gandgne
wgquestionsgaregidentified.
⊚g true
⊚g false



14) Dataganalysisgthroughgdatagmanipulationgisgperforminggbasicganalysisgtogunderstandgth
egqualitygofgthegunderlyinggdatagandgitsgabilitygtogaddressgthegbusinessgquestion.
⊚g true
⊚g false



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



16) Bygdevelopingganganalyticsgmindset,gaccountantsgwillgbegablegtogrecognizegwhengandgho
wgdataganalyticsgcangaddressgbusinessgquestions.
⊚g true
⊚g false



17) Whilegitgisgimportantgforgaccountantsgtogclearlygarticulategthegbusinessgproblem,gdrawin
ggappropriategconclusions,gbasedgongthegdata,gshouldgbegleftgtogstatisticians.
⊚g true
⊚g false



18) Analytic-
mindedgaccountantsgshouldgreportgresultsgofganalysisgingangaccessiblegwaygtogeachgvariedg
decisiongmakergandgtheirgspecificgneeds.
⊚g true
⊚g false

, 19) Withgaggoalgtoggivegorganizationsgtheginformationgtheygneedgtogmakegsoundgandgtimel
ygbusinessgdecisions,gdataganalyticsgoftenginvolvesgallgofgthegfollowinggexcept:
A) technologies.
B) statistics.
C) strategies.
D) databases.



20) Patternsgdiscoveredgfromg
enablegbusinessesgtogidentifygopportunitiesgandgrisksgandgb
ettergplangforg .
A) pastgarchives;gthegfuture
B) currentgdata;gthegfuture
C) currentgdata;gtoday
D) pastgarchives;gtoday



21) Whichgofgthegfollowinggbestgdescribesgtheggoalgofgdescriptivegdataganalysis:
A) recognizegwhatgisgmeantgbygdatagquality,gbegitgcompleteness,greliabilitygorgvalidity
B) performgbasicganalysisgtogunderstandgthegqualitygofgthegunderlyinggdatagandgitsgabilit
ygtogaddressgthegbusinessgquestion
C) demonstrategabilitygtogsort,grearrange,gmerge,gandgreconfiguregdatagingagmannergth
atgallowsgenhancedganalysis
D) comprehendgthegprocessgneededgtogcleangandgpreparegthegdatagbeforeganalysis



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



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