Accounting Data Analytics Test Bank
Course Introduction
Accounting Data Analytics explores the integration of data analysis techniques and tools within the field of accounting. The course equips students with skills to collect, process, and analyze complex financial data, applying concepts such as data visualization, predictive analytics, and statistical modeling to real-world accounting problems. Students learn how to use software and programming languages commonly employed in the profession such as Excel, SQL, and Python to derive meaningful insights from large data sets, support decision-making, and enhance audit and financial reporting processes. Ethics and legal considerations related to data usage in accounting are also discussed, preparing students for the evolving landscape of the accounting profession.
Recommended Textbook
Accounting Information Systems The Crossroads of Accounting and IT 1st Edition by Donna Kay
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14 Chapters
1401 Verified Questions
1401 Flashcards
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2
Chapter 1: Accounting Systems Insights
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/68247
Sample Questions
Q1) What is the purpose of Enterprise Resource Planning (ERP)software?
A)Identify new trends in consumer purchasing
B)Help managers control organizational resources
C)Help identify the end of a product's life cycle
D)Analyze an organization's sales projections
Answer: B
Q2) Enterprise Resource Planning (ERP)software focuses on integrating information flows across an entire enterprise.
A)True
B)False Answer: True
Q3) Private companies (companies that are not publicly traded)are not required to have their internal controls assessed by an independent CPA firm.
A)True
B)False Answer: True
Q4) Payroll Cycle
Answer: Answers: B
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Page 3
Chapter 9: XBRL: Intelligent Business Reporting
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/68234
Sample Questions
Q1) XBRL software tools using a specified taxonomy transforms data into an XBRL
A)schema
B)instance document
C)Linkbase
D)Element Answer: B
Q2) XBRL software tools using a specified taxonomy transforms data into XBRL instance documents.
A)True
B)False Answer: True
Q3) In some situations, XBRL may be used instead of spaghetti code, to make data interchangeable among its systems.
A)True
B)False Answer: True
Q4) An instance document contains specific amounts for a taxonomy at one instance.
A)True
B)False
Answer: True
Page 4
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Chapter 8: Accounting and Sustainability Intelligence
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/68235
Sample Questions
Q1) What is biomimicry? Provide an example.
Answer: Biomimicry is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies. Velcro, a manmade fastener, was inspired by the hooked seed of the burdock plant. Other examples of biomimicry include solar cells inspired by water lily pads.
Q2) How can XBRL help simplify accounting for sustainability?
Answer: XBRL uses electronic tags for data, both quantitative and qualitative. This is especially useful for sustainability accounting that involves significant amounts of qualitative data. Furthermore, the XBRL tags can be used for external performance reporting or for internal decision making and evaluation.
Q3) The two criteria to evaluate frameworks for reporting and evaluating sustainability performance are ________.
Answer: Transparency and Effectiveness
Q4) Create/draw the sustainability IDa (Integrated Decision analysis)model.
Answer: 11ea8263_de6d_c356_9591_bf3fe477261f_TB4370_00
Q5) ________ is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies.
Answer: Biomimicry
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Chapter 7: Accounting and Business Intelligence
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/68236
Sample Questions
Q1) What is a quantitative factor? Provide an example. Answer: A quantitative factor is any factor that can be defined with a dollar amount. For example, revenue and cost.
Q2) An ________ is simply a step-by-step solution to a problem.
Answer: Algorithm
Q3) The process of integrating financial and non-financial factors into the decision process can lessen the quality of the decision.
A)True
B)False
Answer: False
Q4) Qualitative data answers which question?
A)When?
B)Where?
C)How much?
D)Why?
Answer: D
Q5) ________ decisions are recurring and typically relate to ongoing business operations.
Answer: Routine operational
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Chapter 6: Integrated Enterprise Systems
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Provide an example of how the integrated enterprise system technology permits data to flow through functional areas as it passes through the value chain.
Q2) To record items received, SAP uses a form called a ________.
Q3) SAP software is used around the globe by large companies to integrate supply chain, operations, sales, human resources, and accounting functions.
A)True
B)False
Q4) Using the SAP purchasing module, explain how a workflow can be integrated into a system.
Q5) The SAP A/R Invoice is used to bill items received from a vendor.
A)True
B)False
Q6) All the following about computer servers are true except
A)They have more disk storage space than client computers
B)They are unable to connect to local area networks
C)They have more processing power that client computers
D)They permit easy sharing of applications and data
Q7) What options does SAP provide for creating reports?
Q8) How has the Internet improved business processes?
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Chapter 5: Business Processes: Purchasing, Sales, and Payroll Cycles
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/68238
Sample Questions
Q1) What are the events in the Adjusting Entries DFD?
A)Record Adjusting Entries, Prepare Adjusted Trail Balance, and General Ledger
B)Trail Balance, Adjusted Trial Balance, and Record Adjusting Entries
C)Calculate Adjustments, Trial Balance, and Prepare Adjusted Trail Balance
D)Generate Trial Balance, Calculate Adjustments, and Record Adjusting Entries
Q2) Create a DFD for the Spice House Receive Items narrative.
Q3) A database designer or other IT professional, may want to put the customer balance as a field in the Customer table to speed up retrieval.
A)True
B)False
Q4) In the banking module, the event that relates to the sales cycle is ________.
Q5) Create an EAD table for the Books Ga'Lore! Payroll DFD.
Q6) DFDs can also be used to document processes for correcting and closing entries.
A)True
B)False
Q7) The advantage to the ________ approach is that the new system goes live all at once.
Q9) Create a DFD for the Spice House Purchase Order narrative. Page 8
Q8) Create the DFD for the Books Ga'Lore! Enter Time Worked narrative.
Q10) List the agents in the EspressoCoffee Receive Customer Payment DFD.
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Chapter 4: Accounting Systems and Business Processes
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99 Verified Questions
99 Flashcards
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Sample Questions
Q1) When you observe business operations and procedures, often you can collect better information about actual business procedures if employees know they are being observed.
A)True
B)False
Q2) An advantage of customizing a baseline accounting system is
A)The lack of standardization
B)Adapting existing business processes to meet the baseline system may require extensive changes
C)The timeline for developing a system can be accelerated, significantly reducing the time required from start to finish
D)Change management may be needed to reduce stress and employee turnover
Q3) Data flow diagrams may be used to document the current accounting system.
A)True
B)False
Q4) Which statement about an EAD table is not true?
A)More than one agent can interact with an event
B)An agent may not interact with an event
C)An event uses at least one database table
D)An event may span two or more rows the in EAD table
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Chapter 3: Accounting Interface: Database Forms, Queries, and Reports
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/68240
Sample Questions
Q1) Database queries can retrieve data from
A)Multiple forms
B)Multiple reports
C)Multiple databases
D)Multiple related tables
Q2) What is the difference between a real-time report and a live report?
Q3) What are some typical database forms used in the customer module of a baseline accounting system?
Q4) ________ may be used to email electronic reports to users on a scheduled basis.
Q5) What is a query builder tool?
Q6) The ability of an interface to guide the user in a self-explanatory, logical manner is part of which user interface characteristic?
A)Effortless navigation
B)Streamlined, uncluttered design
C)Customizable preferences
D)Enhanced productivity
Q7) The accounting system's front-end user interface is serviced by which three database essentials? What service does each database essential perform?
Q8) What is dirty data? Provide an example. Page 11
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Chapter 2: Accounting Databases
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) ________ tables are placed between two tables with many-to-many relationship to create two one-to-many relationships.
Q2) In which phase of the SDLC is the database documented using entity relationship diagrams?
A)Analysis phase
B)Design phase
C)Build/Buy phase
D)Install phase
Q3) Which database integrity rule ensures each record may be retrieved from the database using a unique identifier?
A)Domain Integrity
B)Primary Key Integrity
C)Entity Integrity
D)Referential Integrity
Q4) Hierarchical Database
Q5) What are the basic steps for creating an accounting database?
Q6) Time Worked
Q7) What is primary key integrity? What happens when a database does not have or enforce primary key integrity?
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Chapter 14: Database Design: ERD, REA, and SQL
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Well-designed databases and queries determine whether accounting professionals are able to retrieve accurate accounting data.
A)True
B)False
Q2) Rule 3: Domain Integrity
Q3) List and define the first three normalization rules.
Q4) In an ERD diagram, an entity is represented by a rounded box or rectangle.
A)True
B)False
Q5) The database integrity rule Primary Key Integrity states each record in the database must have a unique identifier called a primary key.
A)True
B)False
Q6) When using normalization for database development, all the attributes are placed in one huge table.
A)True
B)False
Q7) Database anomalies are removed through ________ and/or database modeling.
Q8) Rule 3. Boyce-Codd Normal Form (BCNF)
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Chapter 13: Accounting System Development
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Which phase in the SDLC typically takes the longest?
A)Buy/Build
B)Deploy
C)Plan
D)Design
Q2) After the system design phase is complete, the system proposal is submitted to the client for approval. What information is included in the system proposal?
Q3) The customization stage of the ABC methodology of software development has how many basic steps?
A)4
B)9
C)7
D)6
Q4) Control problem
Q5) ________ feasibility assesses whether the new system IT architecture can interact with the existing IT architecture that will remain in use.
Q6) What type of technology is typically used in an accounting system?
Q7) Information problem
Q8) Economic feasibility
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Chapter 12: The Risk Intelligent Enterprise: Enterprise Risk Management
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100 Flashcards
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Sample Questions
Q1) Compliance objectives
Q2) Effective implementation of ERM requires a robust discussion of the potential impact of not mitigating risks and the likelihood that the risk will impact the organization.
A)True
B)False
Q3) Which of the following is not considered a control activity?
A)Locked door
B)Performance reviews
C)Event identification
D)Segregation of duties
Q4) ________ is a COSO framework that provides guidance for managing risk.
Q5) The ________ relates to the culture of the organization and its risk consciousness.
Q6) Which of the following is an incident or occurrence that originates inside an organization?
A)Changes in regulations
B)Data integrity
C)New technology
D)Product competition
Page 16
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Chapter 11: Cybersecurity
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Personal data, such as home address and credit card number, are stored on hotel card keys.
A)True
B)False
Q2) List the 10 domains that comprise the 10-domain Common body of Knowledge (CBK)?
Q3) ________, such as Symantec Enterprise Security Systems, are used to detect the damage caused by intruders and fix the applications.
Q4) What is point-to-point protocol? How does it unauthorized access to a network?
Q5) Asymmetric cryptography
Q6) Phishing involves attempts to obtain passwords by sniffing messages sent between computers on the network.
A)True
B)False
Q7) Which network protocol (software)allows the enterprise network to connect to the network of vendors and suppliers through proprietary lines?
A)Transport control protocol (TCP)
B)Ethernet protocol
C)Internet protocol (IP)
D)Electronic data interchange (EDI)
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Chapter 10: Fraud and Internal Control
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) You are an internal auditor for a company with a policy stating all software on company computers must be approved and installed by the IT department. During the course of an IT audit you discover has installed MP3s on their company computer. What do you do?
Q2) Document the risk level of the HotSpots on the Books Ga'Lore! shipping DFD. The following coding is used for the HotSpot DFD:
- Red identifies the greatest risk (HotSpots).
-Yellow is for significant risk (warm).
- Green identifies areas with adequate controls (cool).
Q3) How long does the typical fraud last before being detected?
A)Six months
B)One year
C)Two years
D)Three years
Q4) Objectivity
Q5) What percentage for frauds are detected by tips?
A)33%
B)36%
C)46%
D)56%
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