Question 1

Data analyses performed by management accountants typically include all of the following except:

Accepted Answer

A)  Cost management and reporting
B)  Performance management and analysis
C)  Supporting management's planning and decision-making
D)  Compiling financial statements D

Question 2

Which of the following is not listed as a "Leader" in Gartner's 2017 Magic Quadrant for Business Intelligence and Analytics Platforms?

Accepted Answer

A)  Google
B)  Microsoft
C)  Qlik
D)  Tableau A

Question 3

One of the defining attributes of big data is velocity.Velocity is defined as:

Accepted Answer

A)  The diversity of data that entities collect or create
B)  The extent to which data are objective and representative relative to the decision at hand
C)  The speed at which data are created
D)  The quantity and scale of data that entities collect or create C

Question 4

The "Four V's" of big data are velocity, veracity, volume and variety.

Accepted Answer

A) True 
 B)False

Question 5

The Association to Advance Collegiate Schools of Business (AACSB-International)requires all separately accredited accounting programs to incorporate data analytics into their accounting curriculum.

Accepted Answer

A) True 
 B)False

Question 6

Hadoop is:

Accepted Answer

A)  a distributed file system that is optimized for mobile platforms
B)  An open-source platform for storing large datasets
C)  An infrastructure that allows organizations to outsources their databases to cloud service providers
D)  A tool used by public accounting firms to read and interpret text in contracts

Question 7

Information systems that collect data from sensors that are worn, embedded in devices, or ingested originate from the following broad source:

Accepted Answer

A)  mechanical
B)  electronic
C)  operational
D)  social

Question 8

A catch-all phrase that refers to aging applications and/or hardware that is outdated is:

Accepted Answer

A)  Enterprise Resource Planning systems
B)  Transaction processing systems
C)  Bookkeeping systems
D)  Legacy systems

Question 9

Transaction processing systems would be categorized as a/n:

Accepted Answer

A)  Operational data source
B)  Mechanical data source
C)  Social data source
D)  Financial data source

Question 10

Operational sources of data include transaction processing systems, enterprise systems and legacy systems.

Accepted Answer

A) True 
 B)False

Question 11

Financial statements are ___ in nature.

Accepted Answer

A)  Predictive
B)  Descriptive
C)  Prescriptive
D)  Directive

Question 12

Because data formats are consistent across all data stores within an organization, the TRANFORM component of ETL requires very little effort.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not a core function of data analytics software?

Accepted Answer

A)  Communicating insights
B)  Identifying data
C)  Processing data
D)  Enabling data collection

Question 14

An effective data visualization:

Accepted Answer

A)  Provides an unfiltered view of the data
B)  Only provides facts
C)  Presents analysis results in a meaningful and informative format
D)  Is historical in nature

Question 15

One of the defining attributes of big data is volume.Volume is defined as:

Accepted Answer

A)  The diversity of data that entities collect or create
B)  The extent to which data are objective and representative relative to the decision at hand
C)  The speed at which data are created
D)  The quantity and scale of data that entities collect or create

Question 16

OLAP tools are uniquely positioned to analyzing big data because of their ad hoc flexibility and ability to handle very large data sets.

Accepted Answer

A) True 
 B)False

Question 17

Information systems that collect data regarding the business events of entity and support its day-to-day business requirements originate from the following broad source:

Accepted Answer

A)  mechanical
B)  electronic
C)  operational
D)  social

Question 18

Facebook, Pinterest, Instagram and YouTube are all sources of social data.

Accepted Answer

A) True 
 B)False

Question 19

Resolving issues related to harmonizing field formats and data duplication would be addressed in which phase of the ETL process?

Accepted Answer

A)  EXTRACT
B)  TRANSFORM
C)  LOAD
D)  These issues would be considerations during all phases of ETL

Question 20

Variety is a term coined to describe the diversity of data that organizations create or collect.

Accepted Answer

A) True 
 B)False

Exam 4: Accounting and Data Analytics

Data analyses performed by management accountants typically include all of the following except:

Which of the following is not listed as a "Leader" in Gartner's 2017 Magic Quadrant for Business Intelligence and Analytics Platforms?

One of the defining attributes of big data is velocity.Velocity is defined as:

The "Four V's" of big data are velocity, veracity, volume and variety.

The Association to Advance Collegiate Schools of Business (AACSB-International)requires all separately accredited accounting programs to incorporate data analytics into their accounting curriculum.

Hadoop is:

Information systems that collect data from sensors that are worn, embedded in devices, or ingested originate from the following broad source:

A catch-all phrase that refers to aging applications and/or hardware that is outdated is:

Transaction processing systems would be categorized as a/n:

Operational sources of data include transaction processing systems, enterprise systems and legacy systems.

Financial statements are ___ in nature.

Because data formats are consistent across all data stores within an organization, the TRANFORM component of ETL requires very little effort.

Which of the following is not a core function of data analytics software?

An effective data visualization:

One of the defining attributes of big data is volume.Volume is defined as:

OLAP tools are uniquely positioned to analyzing big data because of their ad hoc flexibility and ability to handle very large data sets.

Information systems that collect data regarding the business events of entity and support its day-to-day business requirements originate from the following broad source:

Facebook, Pinterest, Instagram and YouTube are all sources of social data.

Resolving issues related to harmonizing field formats and data duplication would be addressed in which phase of the ETL process?

Variety is a term coined to describe the diversity of data that organizations create or collect.