Describe how data analytics skills will enhance the performance of accountants and/or auditors. 1. Please provide the

Fantastic news! We've Found the answer you've been seeking!

Question:

Describe how data analytics skills will enhance the performance of accountants and/or auditors.

1. Please provide the advantages and disadvantages

2. Abilities and experiences accountants need to develop and improve to adapt to the utilisation of business analytics

3. How can data analytics help in the performance of accountants and auditors

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

See More Books

Posted Date: Jan 26, 2024 11:40 PM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Video and Image data With the ubiquity of video and image capture devices, visual data are more prevalent than ever. The use of these data to augment accounting records is quickly becoming a reality...
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
Estimate the moment of inertia of a bicycle wheel.
The July 15, 2015, quoted price of a bond with a coupon rate of 4.5%, payable semiannually, maturing on March 1, 2019, is $990. If you buy the bond on July 15, 2019, what is the total price you must...
The bearing consists of rollers, symmetrically confined within the housing. The bottom one is subjected to a 125-N force at its contact A due to the load on the shaft. Determine the normal reactions...
As a gambling facility, MGM Desert Inn, Inc., regularly holds and executes negotiable instruments. During a period of two months, patron William E. Shack Jr. entered MGM and delivered eight checks to...
Fechter Corporation had the following stockholders equity accounts on January 1, 2014: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par Common Stock $200,000, and Retained Earnings...
A student performs a double-slit experiment using two slits spaced 0.20 mm apart and located 1.50 m from the screen. The monochromatic light source creates an interference pattern in which the...
Computer Project Exercises In developing the exercises, trade-offs had to be made to enrich the learning experience. One of the major problems students initially encounter is data and detail...
A piece of zinc of mass 5.0 g is dropped into a beaker of excess dilute hydrochloride acid. Calculate the magnitude of work done (in J) as a result of the reaction. The atmospheric pressure is 1.1...
(a) (b) (c) In developing a Video Rental System for a local video store, the owner of the store suggests using a customer's home telephone number as the identifier for its customers. Explain if you...
What is the main difference in accounting for the replacement of property consisting of retirement units as compared to the replacement of minor items of property that are less than a complete record...
(a) Using the basis (sin(nt), sin(2nt), sin(4nt) }, defined for t from 1 to +1, find the best mean-square approximation of the function shown in Figure 2. Is this basis orthogonal ? (b) Find the best...
What is the Current Ratio for 2022? What is the Quick Ratio for 2022? What is the Times Interest Earned (TIE) for 2022? What is the Debt to Equity (D/E) Ratio for 2021? What is the Debt to Equity...
Calculate the pressure in kPa of 0.0773 mol of He at 393 K in a 10.59 L vessel. When writing out your answer, please be sure to follow the instructions for calculation questions, which I repeat here:...
A thin hoop of negligible width is rolling on a horizontal surface at speed v = 3.5 m/s when it reaches a 18 incline. Part A Haw far up the incline will it go? Express your answer using three...
In the circuit shown in Figure 4, a battery supplies a constant voltage of 40 V, the inductance is 2 H, the resistance is 10, and l(0) = 0. (a) Find l(t). (b) Find the current after 0.1s.
A companys actual profit for a period was $27 000. The only variances for the period were. ......................................................................$ Sales price...
1. Do you think Xu Ji Electric Co Ltd is a good example of a business where ABC might be useful? 2. Can you think of some activities of Xu Ji Electric Co Ltd other than those stated above?
Explain why the break-even point changes when there is a change in sales mix.
On which areas do governing boards focus?
What are the six principles of good governance?
Why is diversity important in the composition of a governing board?

Describe how data analytics skills will enhance the performance of accountants and/or auditors. 1. Please provide the

Question:

Expert Answer:

1 Advantages and Disadvantages of Data Analytics for Accountants and Auditors Advantages Efficiency Data analytics automates repetitive tasks allowing ... View the full answer

Management and Cost Accounting

Students also viewed these finance questions