Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Question
Chapter 8, Problem 5MCQ
To determine
Identify the name of the output from data vendors to help compare companies using different XBRL tags for revenue.
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Chapter 8 Solutions
Data Analytics For Accounting
Ch. 8 - Prob. 1MCQCh. 8 - XBRL stands for: a. Extensible Business Reporting...Ch. 8 - Prob. 3MCQCh. 8 - Prob. 4MCQCh. 8 - Prob. 5MCQCh. 8 - Prob. 6MCQCh. 8 - Prob. 7MCQCh. 8 - What type of ratios measure a firms operating...Ch. 8 - What type of ratios measure a firms ability to pay...Ch. 8 - Prob. 10MCQ
Ch. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Why do audit firms perform analytical procedures...Ch. 8 - Go to https://xbrl.us/data-rule/dqc_0015-lepr/ and...Ch. 8 - Go to https://xbrl.us/data-rule/dqc_0015-lepr/ and...Ch. 8 - Prob. 6DQCh. 8 - Prob. 7DQCh. 8 - Prob. 8DQCh. 8 - Prob. 1PCh. 8 - Prob. 2PCh. 8 - Prob. 3PCh. 8 - Prob. 4PCh. 8 - Go to Loughran and McDonalds sentiment word lists...Ch. 8 - Prob. 6P
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Similar questions
- how does data analytics influence accounting information systems?arrow_forwardUse the flowchart above toanswer these questions: a. What accounting document is representedby symbol A?b. What is an appropriate name for thedepartment labeled B?c. What would be an appropriate descriptionfor process C?d. What is the location represented bysymbol D?e. What accounting record is represented bysymbol E?f. What is an appropriate name for thedepartment labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented bysymbol G?arrow_forwardRatios are an input into which step in the fi nancial statement analysis framework? A . Process data.arrow_forward
- Use the flowchart to answer these questions:a. What accounting document is represented by symbol A?b. What is an appropriate name for the department labeled B?c. What would be an appropriate description for process C?d. What is the location represented by symbol D?e. What accounting record is represented by symbol E?f. What is an appropriate name for the department labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented by symbol G?arrow_forwardThe objectives of the data collection activity of the general model for Accounting Information Systems are to collect data that are a. relevant and redundant. b. efficient and objective. c. efficient and redundant. d. efficient and relevant.arrow_forwardWhy is data quality so crucial to data warehousing? List excellent data's advantages and indications.arrow_forward
- What is data inconsistency? occurs when a system produces correct and consistent data the practice of gathering data and ensuring that it is uniform, accurate, and consistent occurs when the same data element has different values O refers to the overall management of the availability and usability of company dataarrow_forwardWhat is the business value of the Lexis-Nexis DSS?arrow_forwardHow an accounting information system can improve the efficiency and effectiveness of the supply chain?arrow_forward
- Explain whether the cost of accounting systems primarily support internal or external reportingarrow_forwardHow can data analytics be utilized in the accounting process to enhance decision-making and financial analysis? Describe the key steps of the IMPACT cycle in data analytics and explain how they can be applied in the accounting context to improve efficiency and accuracy in financial reporting.arrow_forwardData flows are a word accountants use to describe how information moves between modules in an ERP system. Justify the inaccuracy of the accountants and provide a better term for them to utilize.arrow_forward
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