Questions and Answers of Introduction To Accounting

How is a smart contract different from a normal contract?
How is a dApp different from a normal app?
Explain how cryptocurrency mining works.
What problems does blockchain sharding solve?
What are the top five blockchain applications or types of use cases?
What are the top five accounting organizations successfully leveraging blockchain technology and how are they using it?
What is the business value of blockchain? What six areas of business value have been identified in this chapter?
Of all the blockchain use cases, which offers the biggest opportunity for cost reduction?
Of all the blockchain use cases, which offers the best opportunity for business model innovation?
Of all the blockchain use cases, which offers the best opportunity for product innovation?
Of all the blockchain use cases, which offers the best opportunity for safeguarding the security and privacy of stakeholder data?
Of all the blockchain use cases, which offers the best opportunity to enhance the adaptability and agility of organizations?
What is accelerated learning?
What is learning efficiency?
What is the difference between accelerated learning and learning efficiency?
What are three individual beliefs / attitudes / traits that drive learning efficiency?
What are the top four drivers of learning efficiency?
What is the role of digital technologies in learning efficiency?
How do digital technologies enhance learning efficiency?
What is the relationship between digital technologies, learning efficiency, and an accountant’s ability to keep up with digital technologies?
Do you agree that data is the new oil? What are three arguments for and against the view that data is the new oil?
What is the biggest organization to have compromised the security and privacy of customer or employee data? What role could accountants have played in preventing this breach?
What personal data are you emitting each day (e.g. via social media, search engines, mobile devices etc.)?
What are some practical strategies for protecting your privacy?
What can accountants do to minimize the risks to their employers’ data?
What is the difference between raw data, unstructured data, and structured data?
What is clean data and what does the data cleansing process involve?
What is the difference between a database, a data warehouse, and a data lake?
If an organization has a data lake, can it do without a data warehouse?
What are five free open data sources that could be useful to accountants and how could they be useful?
What are three open data use cases in the accounting function?
What are three ways you can use big data to improve your performance as an accountant?
Imagine you are a finance manager and you have the choice between two candidates to fill a vacant financial accounting position. One candidate has five years more experience including a stint at a
What is the difference between business intelligence and business analytics?
Which of the “example tools and vendors” are open source products or product providers?
Which of the BA and BI tools identified in “example tools and vendors” are suited to enterprise level customers, and which are suited to small / medium-sized business customers?
What is the difference between data science and data analytics?
What is the difference between these roles: data analyst, business analyst, data scientist?
As a finance manager with a vacancy on the accounting team, who would be more valuable to you: a data analyst, a business analyst, a data scientist, an accountant with deep accounting experience, or
What are the top five benefits to an accountant of understanding data analytics and data science terminology, tools, methods, and approaches?
As an accountant, how could you benefit from being proficient in one or more data visualization tools?
As an accountant, what can you do to benefit from data visualization tools if you are not proficient in them yourself?
Which of the data visualization tools in “Example Tools and Vendors” are open source tools?
Which of the data visualization tools in “Example Tools and Vendors” would be suited for use in an enterprise level organization and which would be suited for use in a small to medium-sized
What is the best metaphor you can think of to explain how the internet of things works?
Is it possible for every single thing (living or nonliving) to be connected to the internet (e.g. could dust, water, bacteria, diseases, plates, trees, volcanoes, etc. be connected to the internet)?
What do we mean when we say things can communicate with each other? What types of communication can they undertake?
What is a sensor? How is a connected sensor different?
What are ten different types of sensors?
What sensors could you attach to a chair to give it human like senses?
What is the difference between the internet of things (IoT), the internet of everything (IoE), and the industrial internet of things (IIoT)?
What is the difference between a connected IoT device, a smart IoT device, and an autonomous IoT device?
What is edge computing? What is the IoT edge?
What is a cyber-physical System (CPS)? Are there different types of cyber-physical systems?
What is the difference between Industry 4.0, Industrie 4.0, and the Fourth Industrial Revolution?
Are Industry 4 .0 and the Fourth Industrial Revolution possible without cyberphysical systems?
What is the difference between a smart building, a smart workplace, and a smart home?
Can you have smart workplaces and smart homes without smart buildings?
Which comes first, smart infrastructure, smart cities, or smart government?
What are five ways IoT and IoT-related technologies can compromise a person’s privacy, security, and health?
What is the difference between artificial intelligence, machine learning, and deep learning?
What is the difference between general AI and narrow AI?
Are there more applications of general AI or of narrow AI in accounting practice?
What is the diference between an artifcial neural network and a deep neural network?
What is the diference between an AI-enabled company and a true AI company?
What are the top seven AI use cases in the accounting profession?
What is the diference between a bot, a chatbot, and a robot?
What types of things can you do with a neural network that you can’t do with a knowledge graph?
What is the diference between computer vision and machine vision?
What is an example of an expert system use case in the accounting profession?
Rank the top six biggest risks and issues in relation to using artifcial intelligence.
What organizational capabilities do organizations need in order to become true AI companies?
What are the similarities and differences between VCA and other forms of data analytics?
What is a recurrent neural network? How is it different to other neural networks?
Where can organizations get the vast quantities of data required to train recurrent neural network algorithms to understand what they are seeing in video data?
Can VCA be applied to virtual reality, augmented reality, and mixed reality?
How can an organization use VCA to improve its operational efficiency?
What is an example of an innovative new product leveraging VCA that an organization could offer?
What are the top three enterprise grade VCA platforms and which is the best?
What are the top three SME grade VCA platforms?
How can VCA be used to improve the quality of products and of customer experience?
Would adding real-world objects into a virtual reality setting ft the definition of augmented reality?
Would adding real-world objects into a virtual reality setting ft the definition of mixed reality?
How could organizations use augmented reality to improve real-life products and services?
How could organizations use mixed reality to attract more customers?
What are the top five challenges to adopting and using VR, AR, and MR?
What are the top five risks associated with using VR, AR, and MR in accounting practice?
What are the top three risks to organizations not adopting or at least experimenting with VR, AR, and MR?
Within the example tools and vendors provided, identify three leading vendors and products in each of these product categories: virtual reality, immersive VR, augmented reality, mixed reality.
Within the example tools and vendors provided, identify three leading vendors and products in each of these product categories: consumer, small business, enterprise.
Within the example tools and vendors provided, identify three leading vendors and products in each of these product categories: gaming, marketing, healthcare, hospitality / tourism.
Group the example tools and vendors provided into the following categories: hardware products, software products, VR / AR / MR development platforms.
What is the difference between IT and ICT?
What is the difference between IT and information systems?
Are information systems part of IT or is IT a part of information systems? Does it matter which is a part of which?
What is the best metaphor you can think of to explain the interrelationship between digital technologies and information systems?
Are digital technologies a part of IT or is IT a part of digital technologies?
What is the role of digital technologies in information systems?
What are five different types of digital technologies?
Assuming that an organization is not already using the digital technologies you identified above, how could using them improve each component of an informa- tion system?

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