Questions
ACCT10001_2025_SM2 Exam: Accounting Reports and Analysis (ACCT10001_2025_SM2)- Requires Respondus LockDown Browser
Multiple choice
What additional steps should students or professionals take when using GenAI to perform ratio analysis? Note: Multiple answers are possible.
Options
A.A. Check that the calculations are appropriate for the analytical context and the data provided
B.B. Skip manual verification if the calculated ratio appears reasonable or falls within expected range
C.C. Manually verify the formulas used against standard definitions and accepted accounting practices
D.D. Defer checking unless the answer seems obviously wrong, since most errors should be very obvious
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Step-by-Step Analysis
The question asks which additional steps students or professionals should take when using GenAI to perform ratio analysis, noting that more than one answer can be correct.
Option A: 'Check that the calculations are appropriate for the analytical context and the data provided' This is a crucial step. Even when a tool generates ratios, you must assess whether the chosen ratios fit the business question, the time ......Login to view full explanationLog in for full answers
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