Data analytics and mining are the fastest growing disciplines in accounting and general management. Many organizations are either planning programs or have them already underway.
DESIGNED FOR
Public, private, and nonprofit organizations and their members – CFOs, CEOs, controllers, auditors, and managers
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 KPIs in an organization
- Offer a list of specific areas where financial professionals can add significant value, through data analytics both today and in the future and provide references for future research by the participant
HIGHLIGHTS
- 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
PREREQUISITES
Experience and/or exposure to financial management
ADVANCE PREPARATION
None