While Accountants Don't Need to Become Data Scientists,they Must Know

question 2

Multiple Choice

While accountants don't need to become data scientists,they must know how to do the following except?

• A) Clearly articulate the business problem the company is facing
• B) Communicate with the data scientists about specific data needs and understand the underlying quality of the data
• C) Build a data repository
• D) Comprehend the process needed to clean and prepare the data before analysis

---

Definitions:

Compounded Annually

The process where interest is calculated on the principal sum of an investment or loan once a year.

Savings Plan

A strategy designed to help individuals allocate a portion of their income for future use, typically involving deposit accounts or investments.

Semi-Annual Deposits

Deposits made twice a year into a financial account or investment vehicle.

Compounded Quarterly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.