Accounting Operations – NBC Institute

FA – Nov 2023 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

Explain how data analytics assists in uncovering information.

Question

How does the application of Data Analytics assist in uncovering hidden information from a dataset?

A. By using encryption methods to protect sensitive data
B. By automating data entry processes to reduce human errors
C. By applying statistical methods and modeling to identify trends, patterns, and insights
D. By generating visualisations for data representation and presentation
E. By providing cloud storage for secure data management

Answer

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Tags: Accounting Operations, Data Analytics, Insights
Level: Level 1

Topic: Roles of Accountants in Business and the Economy
Series: NOV 2023

Title: FA – Nov 2023 – L1 – SA – Q9 – Roles of Accountants in Business and the Economy

Assess the impact of technological advancement on accounting operations.

Question

Which of the following best describes the impact of technological advancement on accounting operations?

A. Technology has made accounting more complex and less efficient, leading to data analysis challenges
B. Technological advancements have had no significant effect on accounting practices and financial organisations
C. The use of technologically advanced software has made accounting more efficient, particularly in data analysis, financial organisation and measuring economic activities
D. Accounting operations have become slower due to the integration of technologically advanced software
E. Technology has made accounting easier, but it has not improved data analysis of financial organisations

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Operations, Efficiency, Technology
Level: Level 1

Topic: Roles of Accountants in Business and the Economy
Series: NOV 2023

FA – Nov 2023 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

Explain how data analytics assists in uncovering information.

Question

How does the application of Data Analytics assist in uncovering hidden information from a dataset?

A. By using encryption methods to protect sensitive data
B. By automating data entry processes to reduce human errors
C. By applying statistical methods and modeling to identify trends, patterns, and insights
D. By generating visualisations for data representation and presentation
E. By providing cloud storage for secure data management

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Operations, Data Analytics, Insights
Level: Level 1

Topic: Roles of Accountants in Business and the Economy
Series: NOV 2023

Title: FA – Nov 2023 – L1 – SA – Q9 – Roles of Accountants in Business and the Economy

Assess the impact of technological advancement on accounting operations.

Question

Which of the following best describes the impact of technological advancement on accounting operations?

A. Technology has made accounting more complex and less efficient, leading to data analysis challenges
B. Technological advancements have had no significant effect on accounting practices and financial organisations
C. The use of technologically advanced software has made accounting more efficient, particularly in data analysis, financial organisation and measuring economic activities
D. Accounting operations have become slower due to the integration of technologically advanced software
E. Technology has made accounting easier, but it has not improved data analysis of financial organisations

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Operations, Efficiency, Technology
Level: Level 1

Topic: Roles of Accountants in Business and the Economy
Series: NOV 2023

Question Tag: Accounting Operations

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FA – Nov 2023 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

Explain how data analytics assists in uncovering information.

Title: FA – Nov 2023 – L1 – SA – Q9 – Roles of Accountants in Business and the Economy

Assess the impact of technological advancement on accounting operations.

FA – Nov 2023 – L1 – SA – Q14 – Roles of Accountants in Business and the Economy

Explain how data analytics assists in uncovering information.

Title: FA – Nov 2023 – L1 – SA – Q9 – Roles of Accountants in Business and the Economy

Assess the impact of technological advancement on accounting operations.

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Explain how data analytics assists in uncovering information.

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Assess the impact of technological advancement on accounting operations.

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Explain how data analytics assists in uncovering information.

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Assess the impact of technological advancement on accounting operations.

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