会计数据分析 TestBank Richardson1e_Chapter01_TB_AnswerKey.docx

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DataAnalyticsforAccounting,1e(Richardson)

Chapter1DataAnalyticsinAccountingandBusiness

1)Dataanalyticsistheprocessofevaluatingdatawiththepurposeofdrawingconclusionstoaddressbusinessquestions.

Answer:TRUE

Difficulty:1Easy

Topic:DefineDataAnalytics

LearningObjective:01-01DefineDataAnalytics.

Blooms:Remember

AACSB:ReflectiveThinking

AICPA:BBIndustry;FNDecisionMaking

2)Theprocessofdataanalyticsaimstotransformrawinformationintodatatocreatevalue.

Answer:FALSE

Difficulty:1Easy

Topic:DefineDataAnalytics

LearningObjective:01-01DefineDataAnalytics.

Blooms:Remember

AACSB:ReflectiveThinking

AICPA:BBIndustry;FNDecisionMaking

3)Dataanalyticshasthepotentialtotransformthemannerinwhichcompaniesruntheirbusinesses;however,itisnotpracticalinthenearfuture.

Answer:FALSE

Difficulty:1Easy

Topic:HowDataAnalyticsAffectsBusiness

LearningObjective:01-02UnderstandwhyDataAnalyticsmatterstobusiness.

Blooms:Remember

AACSB:ReflectiveThinking

AICPA:BBIndustry;FNDecisionMaking

4)Auditorscanusesocialmediatohearwhatcustomersaresayingaboutacompanyandcomparethistoinventoryobsolescenceandotherestimates.

Answer:TRUE

Difficulty:2Medium

Topic:FinancialReporting

LearningObjective:01-03ExplainwhyDataAnalyticsmatterstoaccountants.

Blooms:Understand

AACSB:ReflectiveThinking

AICPA:BBIndustry;FNDecisionMaking

5)Dataanalyticsallowsauditorstogleaninsightsthatarebeneficialtotheclient,withoutbreachingindependence.

Answer:TRUE

Difficulty:2Medium

Topic:Auditing

LearningObjective:01-03ExplainwhyDataAnalyticsmatterstoaccountants.

Blooms:Remember

AACSB:ReflectiveThinking

AICPA:BBIndustry;FNDecisionMaking

6)Thepredicti