QUESTION: 37

Data science is increasingly important in the production of business focused data It consists mainly of experts with backgrounds in mathematics, programming and computer science

Which of the following best describes the attributes of a data scientist?

Individuals who act as an interface between the business functions and data specialists
individuals with the ability to extract meaning from and interpret data from statistics and machine learning.
Individuals who flag inefficiencies in the system and potentially suggest improvements and test solutions.
Individuals who can affect or be affected by the organisations actions

Answer(s): B

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QUESTION: 38

Which of the following best outlines the shift to higher level' skills anticipated to be fundamental to future accountants'?

The ability to collect and process data
The ability to balance ledger accounts
The ability to produce an extended trial balance
The ability to evaluate data sources.

Answer(s): A

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QUESTION: 39

Which TWO of the following are non-incorporated organisations?

K, who runs a business alone and is entitled to all profits
P and Q who share joint responsibility for their business and all its debts
MN, a family-owned business sharing profits by means of dividends
XY, an organisation whose owners can trade their shares publicly
The British Red Cross Society, a well known charity

Answer(s): A,B

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QUESTION: 40

AB Company is planning to implement a new IT system. The existing system runs all of the financial ledgers and is key to the running of the whole organisation. Which of the following will NOT be a suitable method for the changover of the system?

Phased changeover
Direct changeover
Parallel changeover
Pilot changeover

Answer(s): B

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QUESTION: 37

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QUESTION: 40

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