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of visualization Fundamentals Certificate Final Assessment Questions (1 of 45) SUBMIT After careful consideration, XYZ company has decided to move forward with the implementation of robotic process automation (RPA) of the purchase-to-payable system. What is a unique ability of accounting professionals that will help make the RPA project successful? The ability to understand net present value (NPV) analyses. O None. This is the responsibility of the IT department. O The ability to link different stakeholders across the company into the conversation. The ability to understand financial statements. MacBook Air Final Assessment Questions (2 of 45) SUBMIT Data science is the intersection of: O Statistical analyses and business decisions. O Business decisions and data/data applications. O Data applications and statistical analyses. O Business decisions, data/data applications, and statistics/analytics. MacBook Air Final Assessment Questions (3 of 45) SUBMIT Understanding and guiding the implementation of new technology tools: O is rarely important for accounting and finance professionals. O Forms a critical pillar of leadership. O is the responsibility of the IT department. O is the role of a data scientist. MacBook Air Final Assessment Questions (4 of 45) SUEMIT Accountants should leverage technology such as artificial intelligence and robotic process automation (RPA) to: O Decrease the time spent on mundane tasks and increase the time spent on strategy and decision making. O Drive key decision making and analysis. O Eliminate head count. o Save processing costs. BOOKS Final Assessment Questions (5 of 45 ) SUBMIT An accounting or finance professional who is armed with the knowledge of technology trends can: O Work with large data sets. O Create department cost analyses more easily. O Leverage technology to elevate themselves as strategic thinkers and leaders. O Understand unstructured data. MacBook Final Assessment Questions (6 of 45) SUBMIT An advantage that management accountants have in regard to the skills needed to implement advanced analytics is that they: Have a holistic view of business and understand how to budget for project costs. O Intuitively understand financial analytics such as net present value (NPV). Have a holistic view of business and intuitively understand the interrelation between financial and strategic business decisions. Have the technology skills needed. MacBook Air Final Assessment Questions (7 of 45) SUBMIT The point of the data creation, data storage, and business domains cycle is to: O Create larger market share. O Better influence the customer. Analyze internal operations. O Minimize processing time. MA BOOK Final Assessment Questions (8 of 45) SUBMIT XYZ insurance company began an exploratory project to find ways to reduce claim processing costs. A team of employees from the accounting department identified processes that could be automated using robotic process automation (RPA). The controller is very excited about the project and told the team to move forward. What else, if anything, should XYZ consider before moving forward? O What consulting company to use to help with the implementation. O The only thing to consider is the cost of the RPA software. Nothing. The accounting department can handle the automation project autonomously. Involving as many participants from different departments as possible to create a more diverse team, better solutions, and more robust use cases, MacBook Air Final Assessment Questions (9 of 45) SUBMIT Cleaning and shaping transactions for aggregation is an aspect of: o Data creation O Business processes. O Business activity. O Data storage. MacBook Air Final Assessment Questions (10 of 45) SUBMIT Aggregate data is used by various business domains for: O Auditing internal controls. O Descriptive, diagnostic, predictive, and prescriptive analytics. O Business decision making. O Cleaning and shaping raw data. MacBook alytics & Visualization Fundamentals Certificate Final Assessment Questions (11 of 45) SUBMIT XYZ company is considering implementing robotic process automation (RPA) of its purchase-to-payable system. Chris is a management accountant in the organization and is knowledgeable in this area of new technology. What role can Chris take in the decision process? O Preparing the cost analysis of the project. Taking an objective perspective on technology and articulating the pros and O cons of these tools are critical steps for effective leaders to take in an increasingly digital world. O None. This is an IT department responsibility. O Being the lead analyst on the project. Final Assessment Questions (12 of 45) SUBM Establishing processes and incentives to support analytical decision making is critical for: O Meeting industry standards. Implementing a data-driven culture. O Rewarding employees that try new technology. O Meeting regulatory standards. Book Final Assessment Questions (13 of 45) SUBMIT A manufacturer of washing machines has installed sensors in all its washing machines. These sensors can transmit status information to the manufacturer if the customer reports a problem with its machine. This is an example of: O Capture of data using connected devices. O A data warehouse. O An invasion of consumer privacy. O Automated data entry. MacBook Final Assessment Questions (14 of 45) SUBMIT The question "How did the business units perform this year?" can be answered using which type of analytics? O Prescriptive. O Diagnostic. O Descriptive. O Predictive. MacBook Air Final Assessment Questions (15 of 45) SUBMIT In addition to improving the delivery of better intelligence, what else can leveraging technology achieve? O Create real-time access to financial data. O Eliminate the time for financial close O Automate all internal control processes O Eliminate all headcount. MacBook