Questions from Analytics

Q: Describe the IMPACT cycle. Why does its order of the processes

Describe the IMPACT cycle. Why does its order of the processes and its recursive nature make sense?

Q: Would you recommend the Securities and Exchange Commission require the use of

Would you recommend the Securities and Exchange Commission require the use of sparklines on the face of the financial statements? Why or why not?

Q: Why do audit firms perform analytical procedures to identify risk? Which

Why do audit firms perform analytical procedures to identify risk? Which type of ratios (liquidity, solvency, activity, and profitability ratios) would you use to evaluate the company’s ability to con...

Q: Go to https://xbrl.us/data-rule/

Go to https://xbrl.us/data-rule/dqc_0015-lepr/ and find the XBRL element name for Interest Expense and Sales, General, and Administrative expense.

Q: Go to https://xbrl.us/data-rule/

Go to https://xbrl.us/data-rule/dqc_0015-lepr/ and find the XBRL element name for Other NonOperating Income and indicate whether XBRL says that should normally be a debit or credit entry.

Q: Go to finance.yahoo.com and type in the ticker

Go to finance.yahoo.com and type in the ticker symbol for Apple (AAPL) and click on the statistics tab. Which of those variables would be useful in assessing profitability?

Q: Can you think of any other settings, besides financial reports,

Can you think of any other settings, besides financial reports, where tagged data might be useful for fast, accurate analysis generally completed by computers? How could it be used in a hospital setti...

Q: 1. Is a set of data used to assess the degree

1. Is a set of data used to assess the degree and strength of a predicted relationship. a. Training data b. Unstructured data c. Structured data d. Test data 2. Data that are organized and reside in...

Q: 1. Gold, silver, and bronze medals would be examples

1. Gold, silver, and bronze medals would be examples of: a. Nominal data. b. Ordinal data. c. Structured data. d. Test data. 2. In the late 1960s, Ed Altman developed a model to predict if a company w...

Q: 1. Under the guidance of the chief audit executive (CAE

1. Under the guidance of the chief audit executive (CAE) or another manager, these individuals build teams to develop and implement analytical techniques to aid all of the following audits except: a....