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Monday, December 2, 2024 Live Webcast

Data Analytics for Accountants and Financial Managers (X1-AFAM-2024-01-WEBNR-337-01)

10:00 AM - 12:00 PM EST
webcast

Vendor Platform

1 CPE Credits in AA
1 CPE Credits in MT

OVERVIEW

Data analytics and mining are the fastest-growing disciplines in accounting and general management. Today there is no shortage of data, but relatively few organizations have established an environment and ongoing process to isolate, capture, analyze, and convert data into actionable information.

DESIGNED FOR

Public, private and nonprofit organizations and their members — CFOs, CEOs, controllers, auditors and managers. The program is aimed to assist those just beginning the journey as well as those who want to test their current efforts or are considering the need for a restart.

BENEFITS

  • Determine the current state of data analytics within an organization and provide a sound foundation to assist an organization in becoming data driven
  • Identify common uses of analytics in organizations today and introduce expanded sources of data for analysis
  • Explore numerous statistical and software tools that are readily available and review and improve current key performance indicators (KPIs) in an organization
  • Get a list of specific areas where financial professionals can add significant value through data analytics both today and in the future and get references for future research

HIGHLIGHTS

This session explores, in some detail, how an organization can successfully become data driven. The discussion includes numerous examples demonstrating how accounting and financial professionals can build upon their current analytical skills to better perform traditional tasks and assume a role as a business partner with others in their organization. The following topics will be discussed:
  • Definition of data analytics and big data; challenges and goals; establishing an environment for success; governance; common uses of analytics and current examples
  • Behavioral forces that impact decisions; examples of inaccurate forecasts; identifying strategic measurements (KPIs); data sources
  • Statistical tools, including median, mode, moving average, ratio analysis, Pareto analysis, trend analysis, regression, z-score, and simulation
  • Software tools that are readily available and can assist in visually exploring data, expanding the scope of available data, as well as collecting, analyzing, and presenting results
  • Specific ideas for using data analytics for accountants and financial managers, including current examples and areas for further consideration
  • Lists of readings and next-level software for a participant’s future reference
In addition to discussing a number of analytical tools, including available software, lists of reference books and next-level software are provided. This program continues to build upon the Controllership Update Series (Risk Management; Current Survival Skills; Budgeting, Forecasting, and Big Data; Mergers, Acquisitions, and Alliances and The Next Decade for Business Following Tax Reform).

COURSE LEVEL

Basic

PREREQUISITES

Experience and/or exposure to financial management.

ADVANCE PREPARATION

None

INSTRUCTOR

Anthony LaRusso

Anthony C. LaRusso, CMA, M.B.A.

AICPA/Professional Development Institute

Tony has over 30 years of experience in industrial and service organizations. Over the course of his career he has held senior-level management, operating, and staff positions, including as president of companies with annual sales of $500 million, consisting of domestic and international facilities. Tony has also held senior-level positions in finance, planning, and business development, as well as being a board member for start-up companies. Prior to retiring, during 2003, he was the president of a major division in an international company. Tony was an Adjunct Professor of Management for 20 years and has written numerous articles on a variety of business topics. He is a member of several professional organizations, has spoken at annual meetings and programs at universities, and served as an officer in trade associations. In 2015, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Tony also has had two books published: Management: Ready Aim Fire (2005) and Practical Financial Decision Making (2011). His biography is included in several publications by Who’s Who. In addition, since retiring from full-time employment, he has lectured in numerous states, including at major corporations; conducted consulting activities; and managed real estate investments for a family company. Tony has developed and written courses and webinars covering topics in finance, accounting, and management; was a reviewer for a new book; and authored an article, How to Avoid Tunnel Vision.

PRICING

$89.00 - Member

$109.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 2 at 9:30 AM.

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COURSE DEVELOPER

Surgent