Question

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?
O Evaluate the likelihood and level of expected warranty claims.
O Analyze the order entry process for online customers.
O Estimate the collectibility of accounts receivable balances.
O Assess property, plant & equipment values based on current comparable prices.
O None of the above

Answer 1

Answer:

The answer is option (D) Assess property, plant & equipment values based on current comparable prices.

Explanation:

From the given question, Evaluating the likelihood and level of expected warranty claims or Estimating the collectibility of accounts receivable balances is is not a good example for analytics and financial statements.

Therefore, the best example from the given options is assess property, plant, and equipment values based on current comparable prices for analytics and financial statements.