21&22

As companies integrate data analytics and shift their focus towards the future, they will need to utilize predictive analytics. This kind of analytics uses both historical data and statistical models to predict future outcomes. If a company is interested in looking more closely at its sales What is the budget-to-actual comparison for profits for the past two years? How would the addition of a 5% bonus impact the compensation expenses for last year? How can we correct a budget deficit from last year in the new financial plans? How would the addition of a 5% bonus impact the net income for the current year? Question 22 Data analytics has become an increasingly in-demand skill across business world since its inception. As employers focus dn what they are looking for in potential employees, data analytics has become a desirable skill for accountants. Which of the following would be the best example of a skill that entry-level accountants should hone? Making sure one never fails Communicating results using the written word onlytive communicator Focusing on developing general ledger skills only Being curious and improving critical thinking skills