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Questions and Answers
What is the main focus of data analytics?
What is the main focus of data analytics?
- Cleaning and transforming data
- Optimizing productivity
- Extracting useful information (correct)
- Being a business advisor
What skills are becoming increasingly important for new accountants?
What skills are becoming increasingly important for new accountants?
- Technical coding skills
- Marketing skills
- Project management skills
- Professional skepticism, judgement, and critical thinking skills (correct)
Why are accounting firms quickly aligning with market demand to incorporate data analytics into their business models?
Why are accounting firms quickly aligning with market demand to incorporate data analytics into their business models?
- To reduce the need for human accountants
- To remain competitive in the accounting job market (correct)
- To increase the workload for accountants
- To decrease the importance of analytical skills
What is the role of the new accountant shifting into?
What is the role of the new accountant shifting into?
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According to the Journal of Accountancy’s article, what do CPAs need to adapt to in an increasingly data-driven world?
According to the Journal of Accountancy’s article, what do CPAs need to adapt to in an increasingly data-driven world?
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