Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is NOT an accurate statement about how an accountant can use data analytics? Question 18 options: A) Accountants can use data

Which of the following is NOT an accurate statement about how an accountant can use data analytics?

Question 18 options:

A) Accountants can use data analytics to compare inputs to outputs to identify waste and ordering issues.

B) Accountants can use data analytics to calculate the time to pay invoices to determine if the company is missing out on possible discounts.

C) Accountants can use data analytics to perform a three-way match between purchase orders, goods received into inventory, and invoices to verify accuracy.

D) Accountants can use data analytics to perform vertical analysis of financial statements with either technology or pen and paper.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Costing

Authors: Lucey

7th Edition

1844809439, 978-1844809431

More Books

Students also viewed these Accounting questions