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OnDemand Course

Advanced Data Analytics in Finance

Learn how the power of analytics allows you to craft the story of your organization's past and present.

In today's world of technology, information is collected en masse and routinely stockpiled within our enterprise resource planning software. Far too often business leaders and finance professionals are overwhelmed with the mounds of information collected and critical data is overlooked. Important strategic decisions are made without truly understanding the business implications hiding within the statistics. Go beyond the flashy dashboards and take a deep dive into your data. Create a positive future by jumping in the driver's seat and harnessing the power of data analytics. In this program, you will learn the importance of the three elements of data analysis in finance, how to create an analytics strategy and the importance of data integrity. Transcend from crunching numbers and only looking at summary statistics and take control to maximize your company's financial potential by making sound strategic decisions.

Learning Objectives

  • You will be able to recognize why Analytics matter
  • You will be able to differentiate between the multiple types of Analytics in Finance
  • You will be able to identify the steps in designing an Analytics Strategy
  • You will be able to recognize when Date Integrity is in jeopardy

Runtime: 88 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • Analytics Are Everywhere - From Your Phone to Your Board Room
  • Big Data and Algorithms
  • Why Analytics Matter

Analytics in Finance

  • Descriptive - Historical Data
  • Predictive - Future Outcomes and Trends
  • Prescriptive -- Decision Making

Designing Your Analytics Strategy

  • It All Starts With a Question
  • Key Performance Indicators (KPI)
  • Easily Understandable
  • Endless Possibilities

Data Integrity

  • Chart of Accounts
  • Data Providers and Data Entry
  • Critical Thinking
  • Reports and Review

Possible Pitfalls

  • Consumer Privacy Issues
  • Faulty Use of Data
  • Shallow Data
  • Data Bias
  • Making Incorrect Assumptions
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on October 8, 2020.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.2 including Finance 2.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Finance for 2.2 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Wendy Dutenhoeffer

Wendy Dutenhoeffer

  • Partner and consultant for Holly Lane Consulting
  • Practices emphasizes all aspects of consulting in business finance, asset management, financial and operational assessments with a focus on nonprofits and small to medium businesses
  • Conducts regular seminars and workshops on budgeting, financial analysis, financial assessment, understanding financial statements for board members, leadership, real estate management, and team building
  • Author of several articles on finance and leadership - published in Police Magazine, Women in Law Enforcement, Campus Safety Magazine, GovLoop Featured Blogger, NextGen, and the Wyoming Law Enforcement Academy for Leadership Development
  • Member of the Institute of Real Estate Management, Government Finance Officers Association, Association of Accountants and Finance Professionals
  • Over 35 years of experience in finance, specializing in financial planning and analysis; over 10 years of experience as a chief financial officer and municipal finance director
  • Recipient of the Bonneville County Sheriff’s Commendation for Financial Excellence
  • Certified property manager designation from the Institute of Real Estate Management; instructor candidate for budgeting, cash flow, and reporting for investment real estate
  • Recipient of event awards from the American Cancer Society; served on Best Practices Panel for Top Performers
  • Presenter/trainer for the American Cancer Society and Operation Lifesaver - prepare and present targeted presentations and training to volunteers, businesses, organizations, and community leaders
  • Served on the Speakers Bureau for the American Cancer Society
  • B.A. degree in business administration, with an emphasis in finance, Idaho State University
  • Can be contacted at 208-521-2639 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408118
Published 2020
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