Which of the Following Is Not a Good Example of How

question 8

Multiple Choice

Which of the following is not a good example of how accountants might use data analytics to help evaluate estimates used to value financial statement accounts?

• A)Assess the likelihood and level of expected warranty claims.
• B)Estimate the collectibility of accounts receivable balances.
• C)Automate the order entry process for online customers.
• D)Assess property,plant & equipment values based on current comparable prices.

Understand the accounting treatments for capital expenditures including equipment and furniture.

Grasp the impact of incorrect classification of expenditures on financial statements.

Comprehend the process of recording disposals and exchanges of fixed assets.

Identify the elements of depreciation expense computation and their variations based on the method applied.

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Definitions:

Inventory Level

The quantity of goods or materials held in stock by a business at any given time.

Advertising Spending

The amount of money allocated by companies or organizations to promote their products, services, or brand through various media channels.

Customer Relationship Management

A strategy for managing an organization's interactions with current and future customers, using data analysis to improve business relationships, particularly customer retention and sales growth.

Art Gallery

A space or venue where art works are displayed and often available for sale, showcasing the works of various artists across different mediums.