Accounting Technologies
Mock Exam
Course Introduction
Accounting Technologies explores the evolving landscape of digital tools and systems that support modern accounting practices. The course covers foundational technologies such as computerized accounting software, spreadsheets, cloud-based accounting platforms, and data analytics tools, as well as emerging solutions like blockchain, automation, and artificial intelligence in accounting processes. Students will learn how these technologies enhance accuracy, efficiency, and decision-making in financial reporting, auditing, payroll, and tax preparation. Through practical exercises and case studies, learners will gain hands-on experience in implementing and evaluating accounting technologies, preparing them for the technology-driven demands of todays accounting profession.
Recommended Textbook
Data Analytics for Accounting 1st Edition by Vernon Richardson
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8 Chapters
415 Verified Questions
415 Flashcards
Source URL: https://quizplus.com/study-set/2645
Page 2
Chapter 1: Data Analytics in Accounting and Business
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55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/52774
Sample Questions
Q1) Which of the following best describes the similarity matching approach to data analytics?
A) An attempt to assign each unit (or individual) in a population into a few categories.
B) An attempt to identify similar individuals based on data known about them.
C) An attempt to divide individuals into groups in a useful or meaningful way.
D) An attempt to discover associations between individuals based on transactions involving them.
Answer: B
Q2) Which of the following best describes the profiling approach to data analytics?
A) An attempt to characterize the typical behavior of an individual, group or population by generating summary statistics about the data.
B) An attempt to predict a relationship between two data items.
C) An attempt to reduce the amount of information that needs to be considered to focus on the most critical items.
D) An attempt to discover associations between individuals based on transactions involving them.
Answer: A
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3
Chapter 2: Data Preparation and Cleaning
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55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/52773
Sample Questions
Q1) Much like the IMPACT cycle,requesting data is often an iterative process.
A)True
B)False
Answer: True
Q2) Validating date/time fields within the data is an example of which of the following?
A) Validating the data for completeness
B) Validating the data for integrity
C) Cleaning the data
D) Obtaining the data
Answer: B
Q3) Which of the following best describes the purpose of a non-key attribute?
A) To ensure that each row in the table is unique
B) To create the relationship between two tables
C) To provide business information
D) To support business processes across the organization
Answer: C
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Chapter 3: Modeling and Evaluation: Going From Defining
Business Problems and Data Understanding to Analyzing
Data and Answering Questions
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55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/52772
Sample Questions
Q1) Which approach to data analytics attempts to assign each unit in a population into a small set of categories?
A) Classification
B) Regression
C) Similarity matching
D) Co-occurrence grouping
Answer: A
Q2) Existing data that has been manually evaluated and assigned a class is often referred to as test data.
A)True
B)False
Answer: False
Q3) Data profiling is used to assess data quality and internal controls.It typically involves the following steps except:
A) Filter the results.
B) Identify the objects or activity you want to profile.
C) Determine the types of profiling you want to perform.
D) Set boundaries or thresholds for the activity.
Answer: A
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Chapter 4: Visualizations: Using Visualizations and
Summaries to Share Results
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/52771
Sample Questions
Q1) There are very few methods for visualizing quantitative date.
A)True
B)False
Q2) As discussed in the book and consistent with the writings of author Justin Zobel,your written business communications should be directed towards ________.
A) your supervisor
B) your reviewer
C) your audience
D) your customer
Q3) Continuous data is data that can take on any value within a range.
A)True
B)False
Q4) After completing your data analysis,the write-up should include a discussion of which of the following:
A) Only the steps of the IMPACT model you consider important
B) Only the steps of the IMPACT model your client will understand
C) All steps of the IMPACT model
D) All steps of the IMPACT model your client will understand
Page 6
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Chapter 5: The Modern Audit and Continuous Auditing
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) Which of the following is an example of systems translator software:
A) collects, reports, and is directly affected by current transactions.
B) allows all divisions and subsidiaries to use the ERP system that works best for each location.
C) provides a single table of data with user-defined attributes that is stored separately from any application.
D) maps the various tables and fields from multiple ERP systems.
Q2) Production systems are those active systems that collect,report,and are directly affected by current transactions.
A)True
B)False
Q3) Which of the following describes an example of a production systems:
A) collects, reports, and is directly affected by current transactions.
B) allows all divisions and subsidiaries to use the ERP system that works best for each location.
C) provides a single table of data with user-defined attributes that is stored separately from any application.
D) maps the various tables and fields from multiple ERP systems.
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Chapter 6: Audit Data Analytics
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) ________ identifies transactions or users with atypical activity based on the distribution of first digits and is an example of ________ analytics.
A) Monetary unit sampling; diagnostic
B) Monetary unit sampling; descriptive
C) Benford's Law; diagnostic
D) Benford's Law; descriptive
Q2) A sales order ID is a unique identifier for each purchase order.
A)True
B)False
Q3) Sequence checks are useful for finding gaps,such as a missing check in the cash disbursements journal,or duplicate transactions,such as duplicate payments to vendors.
A)True
B)False
Q4) Artificial intelligence is designed around the idea that computers can learn about action or behavior from the past and predict the course of action for the present.
A)True
B)False
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Chapter 7: Generating Key Performance Indicators
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) Operating expense ratio is which of the following types of KPI?
A) Employee performance
B) Operational
C) Marketing
D) Financial performance
Q2) Creating a balanced scorecard or any type of digital dashboard to present KPIs for decision-making follows the IMPACT model.
A)True
B)False
Q3) Data analytics is the process of measuring past performance while comparing it to targeted goals to better evaluate a company's progress.
A)True
B)False
Q4) Return on investment is which of the following types of KPI?
A) Employee performance
B) Operational
C) Marketing
D) Financial performance
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Page 9
Chapter 8: Using Financial Statement Data
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) Many financial reporting systems within enterprise systems have general ledgers that are consistent with XBRL called XBRL-GL.
A)True
B)False
Q2) Financial statement analysis is used by investors,analysts,auditors and other interested stakeholders to review and evaluate a company's financial statements and financial performance.
A)True
B)False
Q3) Liquidity ratios measure ________.
A) a firm's ability to pay short-term obligations using current assets
B) a firm's operating efficiency
C) a firm's ability to pay their debts and stay in business
D) a firm's ability to generate earnings relative expenses
Q4) Ratio analysis is a tool used to evaluate relationships among different financial statement items to help understand a company's financial and operating performance.
A)True
B)False
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