Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 8, Problem 5P
Go to Loughran and McDonald’s sentiment word lists at https://www3.nd.edu/~mcdonald/Word_Lists.html and download the Master Dictionary. These are what they’ve used to assess sentiment in financial statements and related financial reports. Give five words that are considered to be “negative” and five words that are considered to be “constraining.” How would you use this in your analysis of sentiment of an accounting report?
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Please refer to the sample and paraphrase the ''liabilities, current'' and ''account payable''. Changing the company name to Newmont Corporation. Please write a close word count to the sample.
A company can use comparisons of its financial data to the data of other companies and industry averages to evaluate its position.
Group of answer choices
True
False
PROBLEM
Below is a list of the qualitative characteristics identified in FASB Statement of Financial Accounting Concepts No. 2. Following the list is a series of descriptive phrases.
a. feedback value
b. relevance
c. decision usefulness
d. reliability
e. comparability
f. predictive value
g. varifiability
h. consistency
i. representational faithfulness
j. timeliness
k. neutrality
_____ 4. When information is verifiable and neutral.
_____ 5. Occurs when the measurement results can be duplicated.
_____ 6. The overall qualitative characteristics accounting information should possess.
_____ 7. When information enables decision makers to confirm prior expectations.
_____ 8. When accounting information is reported the same way by different companies.
Required:
Match each characteristic with the appropiate phrase.
Chapter 8 Solutions
Data Analytics For Accounting
Ch. 8 - Prob. 1MCQCh. 8 - XBRL stands for: a. Extensible Business Reporting...Ch. 8 - Prob. 3MCQCh. 8 - Prob. 4MCQCh. 8 - Prob. 5MCQCh. 8 - Prob. 6MCQCh. 8 - Prob. 7MCQCh. 8 - What type of ratios measure a firms operating...Ch. 8 - What type of ratios measure a firms ability to pay...Ch. 8 - Prob. 10MCQ
Ch. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Why do audit firms perform analytical procedures...Ch. 8 - Go to https://xbrl.us/data-rule/dqc_0015-lepr/ and...Ch. 8 - Go to https://xbrl.us/data-rule/dqc_0015-lepr/ and...Ch. 8 - Prob. 6DQCh. 8 - Prob. 7DQCh. 8 - Prob. 8DQCh. 8 - Prob. 1PCh. 8 - Prob. 2PCh. 8 - Prob. 3PCh. 8 - Prob. 4PCh. 8 - Go to Loughran and McDonalds sentiment word lists...Ch. 8 - Prob. 6P
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