At a Basic Level, Analytics Refers To

question 26

Multiple Choice

At a basic level, analytics refers to:

• A) collecting data.
• B) conducting a needs analysis.
• C) analysis and interpretation of data.
• D) normalizing data.

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Definitions:

Beginning Equity

The value of an owner's interest in a company at the start of the accounting period.

Ending Equity

The value of an owner's interest in a company after all liabilities have been subtracted from the company’s assets at the end of an accounting period.

Accounts

Financial records that track the transactions related to a specific asset, liability, equity, revenue, or expense. These are fundamental components of the accounting system used to compile financial statements.

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Equity, representing the relationship between a company's resources and claims on those resources.