ACCT 6220: Accounting Data Analytics exam 2023 with 100% correct answers
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Course
ACCT 6220: Accounting Data Analytics
Institution
ACCT 6220: Accounting Data Analytics
Analytics correct answersExtensive use of data and advanced quantitative analysis to drive fact-based decision-making and actions
Big data correct answersA collection of data sets that are so large or complex that it is impossible to analyze them with traditional databases and tools
3 charact...
ACCT 6220: Accounting Data Analytics
Analytics correct answersExtensive use of data and advanced quantitative analysis to drive fact-based decision-making and actions
Big data correct answersA collection of data sets that are so large or complex that it is impossible to analyze them with traditional databases and tools
3 characteristics of big data correct answers(1) volume (2) variety (3) velocity
Analytics transformation correct answersThe dramatic impact data analytics has on today's business and competitive environment
Most important aspect of data analytics correct answersHuman element of analysis, comprised of critical
thinking and judgment
Analytics mindset correct answers(1) ask the right questions (2) ETL process for relevant data (3) application of appropriate analytics techniques (4) interpret and share the results
asking the right questions correct answersin order to understand the relevant stakeholders and their objectives, as well as the business and the underlying business processes, an analyst must start by:
business context correct answersa business and its underlying business processes with consideration to the environment in which it is operating
elements of the flow of accounting information correct answers(1) types of accounting information systems (2) context of AIS modules used (3) capabilities and limitations of the data (4) delineate routine vs. non-routine flows of data (5) who generates and oversees the data
Power BI views correct answers(1) report (2) data (3) relationship
query correct answersobtaining data from a database in a certain form Data Analysis Expression (DAX) correct answerscode language behind Power BI
Power BI measures correct answerssums, averages, min, max, counts
intellectual curiosity for data analytics correct answers(1) a deep and persistent desire to know (2) seeking answers to questions and not stopping at the surface (3) taking nothing at face value; question what you see (4) thinking about the big picture; what questions could be asked based on the analysis performed (5) determine if there is supplementary data to reinforce or disprove initial results
field correct answersa single characteristic of data that appears in a table as a column (single point of information)
record correct answersA collection of fields that appear as a row in a database or table
table correct answersAn arrangement of data made up of horizontal rows and vertical columns (records and fields)
system architecture correct answersthe fundamental organization of a system, laid out by components, relationships, and principles governing its design and evolution
data dictionary correct answersinformation about the structure of the database, including a description of each data element (similar to schema of database)
structured data correct answersdata stored in an organized manner and resides in a fixed field within a record or file
delimiter correct answerscharacters allowing a computer or programmer to know where one field ends and another begins
flat file correct answersA table storing all database information in one large two-dimensional table
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