Exam 5: Data Storage and Analysis

Choose the term that best describes a schema.

Choose the name of Ernest & Young's audit data analytics system from the following list.

Choose the term that best defines the value of data.

Data analytics has transformed the accounting profession. Employers are willing to make the technological investment but struggle to find accounting professionals who have the necessary technical skills. Data analytics can help accounting professionals

Choose the term that best defines a tax data hub.

Choose from the following list of questions what Predictive Analytics tell us?

Choose the name that best describes extremely large and complex data sets that can be analyzed using recent technological innovations to reveal patterns and associations.

Choose the best example of structured data from the following list.

What is one of the key benefits of a data lake?

Data lake implementation is an enterprise-wide initiative. Companies often set up dedicated teams for these implementations and the project can take

If an analyst asks: "What is likely to happen?", he or she is asking which category of data analysis?

Ezra, a recent accounting graduate with data analytics skills, was hired by Hometown Accounting. The owner of Hometown hired Ezra for his combination of accounting and data analytics skills expecting Ezra to help in the audit department. Hometown has not used data analytics in audits in the past but know that it can be of benefit. How can Ezra use data analytics to improve the manual audit process that Hometown is currently using, and what benefits will data analytics provide in the audit process?

Choose the best description of a database.

Choose from the following list of questions what Diagnostic Analytics tell us?

If an analyst asks: "How should we act?", he or she is asking which category of data analysis?

For accounting purposes, a system comprises how many data elements?

Choose the best example of unstructured data from the following list.

As accounting professionals, data analytics help us: Choose all that apply.

If an analyst asks: "Why did it happen?", he or she is asking which category of data analysis?

Choose from the following list of questions what Prescriptive Analytics tells us?