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Test bank for data analytics for accounting 3rd edition by Vernon Richardson

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Test bank for data analytics for accounting 3rd edition by Vernon Richardson Test bank for data analytics for accounting 3rd edition by Vernon Richardson Test bank for data analytics for accounting 3rd edition by Vernon Richardson Test bank for data analytics for accounting 3rd edition by Vernon Richardson Test bank for data analytics for accounting 3rd edition by Vernon Richardson Test bank for data analytics for accounting 3rd edition by Vernon Richardson

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Institution
Data Analytics For Accounting 3rd Ed
Course
Data analytics for accounting 3rd ed

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TESTBANKc




DataAnalyticsforAccounting,3rdEdition
c c c c c




byVernonRichardson,Chapters1–9
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,Chapter 1: DataAnalyticsfor Accounting andIdentifying the Questions
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Chapter 2: Mastering the Data
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Chapter 3: Performing the Test Plan and Analyzing the Results Chapter4:Communicating
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ResultsandVisualizations
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Chapter 5: TheModern Accounting Environment Chapter 6:Audit
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DataAnalytics
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Chapter7:ManagerialAnalytics
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Chapter 8: FinancialStatementAnalytics Chapter 9: Tax Analytics
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,Answers are at the Endof Each Chapter
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Chapter01: c




Studentname: c c




1) Data analytics is the process of evaluating data with the purpose of drawing
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conclusions toaddress businessquestions.
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⊚ true c c




⊚ false c c




2) The
c
process of data analytics aims to transform raw information into data to create
value.
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⊚ true c c




⊚ false c c




3) Data analytics has the potential to transform the manner in which companies
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run theirbusinesses, however it is not practical in thenear future.
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⊚ true c c




⊚ false c c




4) Auditors can use social media to hear what customers are saying about a
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company andcompare this to inventory obsolescence and other estimates.
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⊚ true c c




⊚ false c c




5) Data analytics allows auditors to glean insights that are beneficial to the
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client, withoutbreechingindependence.
c c c




⊚ true c c




⊚ false c c

, 6) The predictive analytics is an important aspect of data analytics for auditors,
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but is notapplicable for tax accountants.
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⊚ true c c




⊚ false c c




7) The Iin IMPACT Cycle represents Identify the Question.
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⊚ true c c




⊚ false c c




8) The M in IMPACT Cycle represents Master the Data.
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⊚ true c c




⊚ false c c




9) The P in IMPACT Cycle represents Predict the Results.
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⊚ true c c




⊚ false c c




10) The A in IMPACT Cycle represents Analyze the Data.
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⊚ true c c




⊚ false c c




11) The C in IMPACT Cycle represents Continuously Track.
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⊚ true c c




⊚ false c c




12) The T in IMPACT Cycle represents Track Outcomes.
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⊚ true c c




⊚ false c c

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Data analytics for accounting 3rd ed
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Data analytics for accounting 3rd ed

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