Using data analytics in cost accounting is proving to be a big opportunity to improve operations for various businesses. While data analytics have come a long way, there are still challenges and opportunities to consider. Which of the following is a challenge for an accountant that uses data analytics?
A) Being comfortable working with diverse teams which is not something accountants normally do
B) Convincing others in the organization that data analytics is not a worthwhile endeavor
C) Finding a way to add value through insights generated from data analytics
D) Helping coworkers learn the technical terms associated with data analytics

Question

Quizplus · Accepted Answer

This question requires familiarity with challenges and opportunities faced by accountants that use data analytics. Choice D is correct because it accurately describes a challenge that an accountant who uses data analytics might face. The remaining choices are incorrect because they describe opportunities faced by accountants that use data analytics or incorrect assumptions about the uses of data analytics.

Using Data Analytics in Cost Accounting Is Proving to Be