Data Analytics for Accounting

Ordinal data ranks or order numerical data.

Facebook, Twitter and Instagram posts would generally be considered to be __________.

Sales data would be considered to be examples of __________ data.

Whether a product is in stock could either be recorded in a database with a categorical (Y/N flag) or report number on hand as a numerical value.

Data from the financial statements would generally be considered to be __________.

The most appropriate data type for the customer rating for an Amazon product would be a number.

Nominal data is numerical data that cannot be ranked.

Interval data does not have a meaningful zero.

If there are 60 return transactions and 150 sales transactions in a month, what is the proportion of return transactions to all monthly transactions?

Data noting first, second and third place awards would be considered a form of __________ data.

A data map is a centralized repository of information about data containing a separate record for each field/variable in the database.

The terms data catalog and data dictionary are not related to each other.

The dollar amounts included in the financial statements would be examples of ratio data.

With four possible audit opinion outcomes (e.g., unqualified, qualified, disclaimer, or adverse), the audit opinion would be considered categorical (as opposed to numerical).

Proportion is used most effectively with __________ data.

Transaction_ID would be considered to be __________.

Ranking is a summarization method for which type of data?

The term "net book value" in the fixed asset ledger is considered to be useful to the preparer and the user because it __________.

Ratio data has an absolute zero.

If there are 6 transactions on 11/1, 3 transactions on 11/2 and 10 transactions on 11/3, what is the proportion of the 11/1 transactions to the total transactions that occur during the first three days of November?