Surgent's Data Analytics for Accountants and Financial Managers (AFAM)

Description

Data Analytics and mining are the fastest growing disciplines in accounting and general management. Organizations as varied as airlines, fast food restaurants, hospitals, shipping/traffic control companies, universities, manufacturing companies, retail, services, and more are either planning programs or have them already underway. Unfortunately, a number of these attempts fail due to poor planning/preparation and a lack of commitment, training, and clear vision of the program's goals. 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. At times, even organizations that are employing leading-edge analytics are doing it with traditional, limited sets of data.

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 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. 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).

Date/Time

Thursday, December 3, 2020
Registration Time: 9:00am
9:00am – 11:00am

Add to Outlook calendar

Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Accounting and Specialized Knowledge & Applications

Level of Knowledge

Update

Designed For

Public, private, and nonprofit organizations and their members - CFOs, CEOs, controllers, auditors, and managers

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience and/or exposure to financial management

Advanced Preparation

None

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

Objectives

  • 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

Location

N/A (This is a webcast)
Member Fee $89.00
Non-Member Fee $89.00
Your Price $89.00
View more conferences and courses

Registered for CPE? Log in to download electronic course materials.