100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SOLUTION MANUAL For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version $17.99   Add to cart

Exam (elaborations)

SOLUTION MANUAL For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version

 6 views  0 purchase
  • Course
  • Data Analytics for Accounting, 3rd Edition
  • Institution
  • Data Analytics For Accounting, 3rd Edition

SOLUTION MANUAL For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version SOLUTION MANUAL For Data Analytics for Accounting, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 9, Complete Newest Version Chapter 1: Data Analytics for A...

[Show more]

Preview 4 out of 85  pages

  • November 11, 2024
  • 85
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 9781265094454
  • solution manual
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
  • Data Analytics for Accounting, 3rd Edition
  • Data Analytics for Accounting, 3rd Edition
avatar-seller
nipseyscott
1

,TABLE OF CONTENTS
WR WR




Chapter 1: Data Analytics for Accounting and Identifying the Questions
WR WR WR WR WR WR WR WR WR




Chapter 2: Mastering the Data
WR WR WR WR




Chapter 3: Performing the Test Plan and Analyzing the Results
WR WR WR WR WR WR WR WR WR




Chapter 4: Communicating Results and Visualizations
WR WR WR WR WR




Chapter 5: The Modern Accounting Environment
WR WR WR WR WR




Chapter 6: Audit Data Analytics
WR WR WR WR




Chapter 7: Managerial Analytics
WR WR WR




Chapter 8: Financial Statement Analytics
WR WR WR WR




Chapter 9: Tax Analytics
WR WR WR




2

,Solutions Manual – Chapter 1 WR WR WR WR




Solutions to Multiple Choice Questions
WR WR WR WR




1. (LO 1-1) Big Data is often described by the four Vs, or
WR WR WR WR WR WR WR WR WR WR WR




a. volume, velocity, veracity, and variability.
WR WR WR WR




b. volume, velocity, veracity, and variety.
WR WR WR WR




c. volume, volatility, veracity, and variability.
WR WR WR WR




d. variability, velocity, veracity, and variety. WR WR WR WR




Answer: b WR




2. LO 1- WR




4) Which data approach attempts to assign each unit in a population into a small set ofclasses (or groups)
WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR W
R WR WR




where the unit best fits?
WR WR WR WR WR




a. Regression
b. Similarity matching WR




c. Co-occurrence grouping WR




d. Classification

Answer: d WR




3. (LO 1- WR




4) Which data approach attempts to identify similar individuals based on data knownabout them?
WR WR WR WR WR WR WR WR WR WR WR WR W
R WR




a. Classification
b. Regression
c. Similarity matching WR




d. Data reduction WR




Answer: c WR




4. (LO 1-4) Which data approach attempts to predict connections between two data items?
WR WR WR WR WR WR WR WR WR WR WR WR




a. Profiling
b. Classification
c. Link prediction WR




d. Regression




3

, Answer: c WR




5. (LO 1- WR




6) Which of these terms is defined as being a central repository of descriptions for all ofthe data attributes
WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR WR W
R WR WR WR




of the dataset?
WR WR




a. Big Data WR




b. Data warehouse WR




c. Data dictionary WR




d. Data Analytics WR




Answer: c WR




6. (LO 1-5) Which skills were not emphasized that analytic-minded accountants should have?
WR WR WR WR WR WR WR WR WR WR WR




a. Developed an analytics mindset WR WR WR




b. Data scrubbing and data preparation
WR WR WR WR




c. Classification of test approaches WR WR WR




d. Statistical data analysis competency WR WR WR




Answer: c WR




7. (LO 1-5) In which areas were skills not emphasized for analytic-minded accountants?
WR WR WR WR WR WR WR WR WR WR WR




a. Data quality WR




b. Descriptive data analysis WR WR




c. Data visualization and data reporting
WR WR WR WR




d. Data and systems analysis and design
WR WR WR WR WR




Answer: d WR




8. (LO 1-4) The IMPACT cycle includes all except the following steps:
WR WR WR WR WR WR WR WR WR WR




a. perform test plan. WR WR




b. visualize the data. WR WR




c. master the data. WR WR




d. track outcomes. WR




Answer: b WR




9. (LO 1-4) The IMPACT cycle specifically includes all except the following steps:
WR WR WR WR WR WR WR WR WR WR WR




a. data preparation.
WR




b. communicate insights. WR




c. address and refine results. WR WR WR




d. perform test plan. WR WR




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller nipseyscott. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73918 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99
  • (0)
  Add to cart