Introduction to Data Analytics for
Accounting – 2nd Edition
ST
TEST BANK
UV
IA
?_
Vernon J. Richardson
AP
Katie L. Terrell
Ryan A. Teeter
PR
Comprehensive Test Bank for Instructors
OV
and Students
ED
© Vernon J. Richardson, Katie L. Terrell & Ryan A. Teeter
All rights reserved. Reproduction or distribution without permission is prohibited.
?
Created by MedConnoisseur ©2025/2026
, TABLE OF CONTENTS
Introduction to Data Analytics for
ST
Accounting – 2nd Edition
Vernon J. Richardson, Katie L. Terrell & Ryan A. Teeter
UV
1. Ask the Question: Using Data Analytics to Address Accounting
Questions
IA
2. Master the Data: An Introduction to Accounting Data
3. Master the Data: Data Types Used in Accounting
4. Master the Data: Preparing Data for Analysis
?_
5. Perform the Analysis: Types of Data Analytics
6. Perform the Analysis: Descriptive Analytics
7. Perform the Analysis: Diagnostic Analytics
8. Perform the Analysis: Predictive Analytics
AP
9. Perform the Analysis: Prescriptive Analytics
10.Share the Story
11.Capstone Projects Using the AMPS Model
12.Financial Statement Analysis
PR
13.Managerial Accounting Analytics
OV
ED
?
Created by MedConnoisseur ©2025/2026
, Test Bank Introduction to Data Analytics for Accounting, 2nd Edition Richardson
Chap 01 2e Answers Included ✅
1) "Create" is the highest skill in Bloom's Taxonomy.
⊚ true
ST
⊚ false
2) "Understand" is the lowest skill in Bloom's Taxonomy.
UV
⊚ true
⊚ false
3) "Remember" is a higher skill than "Understand" in Bloom's Taxonomy.
IA
⊚ true
⊚ false
?_
4) "Ask the Right Question" is one of the desired skills for accounting professionals, consistent
with EY's "The Analytics Mindset".
⊚ true
⊚ false
AP
5) "Communicate results with management" is one of the desired skills for accounting
professionals, consistent with EY's "The Analytics Mindset".
⊚ true
PR
⊚ false
6) "Extract, Transform and Load Relevant Data" is one of the desired skills for accounting
OV
professionals, consistent with EY's "The Analytics Mindset".
⊚ true
⊚ false
ED
?
1
, 7) Of the options listed below, which is the lowest level of thinking skills in Bloom's
Taxonomy?
A) Create
ST
B) Understand
C) Apply
D) Analyze
UV
8) Of the options listed below, which is the highest level of thinking skills in Bloom's
Taxonomy?
A) Evaluate
B) Apply
IA
C) Analyze
D) Understand
?_
9) Which is the appropriate ordering of thinking skills in Bloom's Taxonomy, where the ">"
symbol means higher order skills?
A) Evaluate > Apply
B) Remember > Understand
AP
C) Apply > Analyze
D) Analyze > Evaluate
10) Which component of the AMPS model would usually involve creating a pivottable?
PR
A) Ask the Question
B) Master the Data
C) Perform the Analysis
D) Share the Story
OV
11) Which component of the AMPS model most appropriately addresses the skill mentioned by
EY's analytics mindset of "extract, transform and load relevant data"?
A) Ask the Question
B) Master the Data
ED
C) Perform the Analysis
D) Share the Story
?
2
Accounting – 2nd Edition
ST
TEST BANK
UV
IA
?_
Vernon J. Richardson
AP
Katie L. Terrell
Ryan A. Teeter
PR
Comprehensive Test Bank for Instructors
OV
and Students
ED
© Vernon J. Richardson, Katie L. Terrell & Ryan A. Teeter
All rights reserved. Reproduction or distribution without permission is prohibited.
?
Created by MedConnoisseur ©2025/2026
, TABLE OF CONTENTS
Introduction to Data Analytics for
ST
Accounting – 2nd Edition
Vernon J. Richardson, Katie L. Terrell & Ryan A. Teeter
UV
1. Ask the Question: Using Data Analytics to Address Accounting
Questions
IA
2. Master the Data: An Introduction to Accounting Data
3. Master the Data: Data Types Used in Accounting
4. Master the Data: Preparing Data for Analysis
?_
5. Perform the Analysis: Types of Data Analytics
6. Perform the Analysis: Descriptive Analytics
7. Perform the Analysis: Diagnostic Analytics
8. Perform the Analysis: Predictive Analytics
AP
9. Perform the Analysis: Prescriptive Analytics
10.Share the Story
11.Capstone Projects Using the AMPS Model
12.Financial Statement Analysis
PR
13.Managerial Accounting Analytics
OV
ED
?
Created by MedConnoisseur ©2025/2026
, Test Bank Introduction to Data Analytics for Accounting, 2nd Edition Richardson
Chap 01 2e Answers Included ✅
1) "Create" is the highest skill in Bloom's Taxonomy.
⊚ true
ST
⊚ false
2) "Understand" is the lowest skill in Bloom's Taxonomy.
UV
⊚ true
⊚ false
3) "Remember" is a higher skill than "Understand" in Bloom's Taxonomy.
IA
⊚ true
⊚ false
?_
4) "Ask the Right Question" is one of the desired skills for accounting professionals, consistent
with EY's "The Analytics Mindset".
⊚ true
⊚ false
AP
5) "Communicate results with management" is one of the desired skills for accounting
professionals, consistent with EY's "The Analytics Mindset".
⊚ true
PR
⊚ false
6) "Extract, Transform and Load Relevant Data" is one of the desired skills for accounting
OV
professionals, consistent with EY's "The Analytics Mindset".
⊚ true
⊚ false
ED
?
1
, 7) Of the options listed below, which is the lowest level of thinking skills in Bloom's
Taxonomy?
A) Create
ST
B) Understand
C) Apply
D) Analyze
UV
8) Of the options listed below, which is the highest level of thinking skills in Bloom's
Taxonomy?
A) Evaluate
B) Apply
IA
C) Analyze
D) Understand
?_
9) Which is the appropriate ordering of thinking skills in Bloom's Taxonomy, where the ">"
symbol means higher order skills?
A) Evaluate > Apply
B) Remember > Understand
AP
C) Apply > Analyze
D) Analyze > Evaluate
10) Which component of the AMPS model would usually involve creating a pivottable?
PR
A) Ask the Question
B) Master the Data
C) Perform the Analysis
D) Share the Story
OV
11) Which component of the AMPS model most appropriately addresses the skill mentioned by
EY's analytics mindset of "extract, transform and load relevant data"?
A) Ask the Question
B) Master the Data
ED
C) Perform the Analysis
D) Share the Story
?
2
