Page 83 - CITP Review
P. 83

12. Which is an example of how predictive analytics could be used for Sunny Day Corp. in preparing
               forward-looking insights?
                   a.  Looking at the impact of weather forecast information on projected oil production.
                   b.  Combining historical payroll and operational data.
                   c.  Preparing a flux analysis on historical data out of NetSuite.
                   d.  Reviewing historical weather and operational data.

            13. The CITP for Sunny Day Corp. would like to use data analytics during their engagement. Which is not
               an area where data analytics could potentially be used?
                   a.  Analyzing journal entries and ledger account balances.
                   b.  Queries for various attributes such as material transactions, or duplicates.
                   c.  Aging of receivables/payables.
                   d.  Data mapping.



























































            © 2019 Association of International Certified Professional Accountants. All rights reserved.    2-37
   78   79   80   81   82   83   84   85   86   87   88