Data, data, data
Data that is highly organized.
What is Structured data?
Type of analytics that answers the question "What happened?"
What is descriptive analytics?
Microsoft Excel is the most common of this tool accountants use in data analytics; Google Sheets is another tool in this category.
What is speadsheets?
The lowest level of Bloom's Taxonomy.
What is Remember?
A graphical summary of various measures tracked by a company.
What is a dashboard?
A term for describing data that is accurate, valid, and consistent over time.
What is data integrity?
Type of analytics that provides answers as to why something took place.
What is diagnostic analytics?
VLOOKUP in Excel or SQL are examples of this tool for accounts to perform data analytics.
What is a Query?
From Bloom's Taxonomy; the breaking down of information into component parts.
What is Analyze?
The second step in the AMPS model of data analytics.
What is Master the Data?
The estimated amount of data created on a daily basis.
What is 2.5 quintillion bytes?
Type of analytics that addresses probabilities of future events.
What is predictive analytics?
Tool used by accountants for data analytics that involves programs written to perform analytics or to do repetitive tasks.
What is a Scripting?
The part of Bloom's Taxonomy dealing with the facts, rules, concepts, and ideas.
What is Apply?
Known by the acronym EDGAR.
What is the Electronic Data Gathering, Analysis, and Retrieval system?
Data lacking organization.
What is Unstructured data?
Type of analytics that defines a course of action to take.
What is prescriptive analytics?
A tool like Tableau used by accountants to "communicate the story."
What are Visualizations?
The part of Bloom's taxonomy for judging the value of the information or ideas.
What is Evaluate?
The term for whether data is truthful, accurate (and clean), and worthy of trust.
What is Veracity?
This is is described using the four Vs: volume, variety, velocity, and veracity.
What is Big Data?
The process of evaluating data with the purpose of drawing conclusions to address all types of questions (including accounting questions).
What is Data Analytics?
A tool that allows reorganization and summarization of certain data using crosstabulations without changing the underlying spreadsheet (or data).
What is a PivotTable?
In Bloom's Taxonomy the combining of parts to make a new whole.
What is create?
An enjoyable place to spend three hours on a Tuesday evening in the fall.
What is a relaxing on a tropical island?
also accepted; What is Accounting Information Systems class at Lakeland University?