Homework answers / question archive / ACC555 Data Analytics  Practice Lab Problems-Chapter 5 Problem 1: Required information NOTE: Throughout this lab, every time a screenshot is requested, use your computer's screenshot tool, and paste each screenshot to the same Word document

ACC555 Data Analytics  Practice Lab Problems-Chapter 5 Problem 1: Required information NOTE: Throughout this lab, every time a screenshot is requested, use your computer's screenshot tool, and paste each screenshot to the same Word document

Accounting

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ACC555 Data Analytics 

Practice Lab Problems-Chapter 5

Problem 1:

Required information

NOTE: Throughout this lab, every time a screenshot is requested, use your computer's screenshot tool, and paste each screenshot to the same Word document. Label each screenshot in accordance to the step in the lab. This document with all of the screenshots included should be uploaded through Connect as a Word or PDF document when you have reached the final step of the lab.

In this lab, you will:

Part 1: Look for audit procedures that evaluate data.

Part 2: Identify the location of the data.

Refer to Chapter 5 pages 205 through 206 for instructions and steps for each of the lab parts.

Software needed

• A modern web browser

Data

• Audit Analytics Lab Files - If you have already downloaded these files from Lab 5-1, you do not need to download again. 
• Audit Automation Summary
• Audit Action Sheets

After completing Lab Part 1, answer the following question.

Read the first audit action sheet. What other data elements that are not listed in the procedures do you think would be useful in analyzing this account? Select all choices that apply. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

check all that apply

• Employee emergency contact informationunanswered
• Employee master dataunanswered
• Open invoicesunanswered
• Outstanding accounts payable

Problem 2:

Please upload a word or pdf containing screenshots of all the steps of this lab. 

Chapter Access: https://www.mheducation.com/highered/ideas/i/1169448-flipbook2019-richardson-data-analytics-for-accounting-1e/39?