Objective
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- Determine and expand the current use of data analytics within an organization 

- Identify common uses of analytics in organizations today. 

- Improve financial staff’s core activities (measuring, reporting, budgeting, and forecasting) through data analytics 

- Understand traditional and non-traditional sources of data for analysis 

- Explore and isolate applications for numerous statistical and software tools that are readily available 

- Recognize specific areas where financial professionals add significant value using data analytics, either now or in the future 

Highlights
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- Definition of Data Analytics 

- Assessing your organization’s current status and establishing an environment for success 

- Financial staff’s core activities 

- Common uses of analytics and current examples 

- Behavioral forces that impact decisions 

- Examples of inaccurate forecasts 

- Identifying strategic measurements (KPIs) 

- Improving budgeting and forecasting and addressing Black Swan events 

- Collecting and using data from traditional and non-traditional data sources 

- Statistical tools, including Median, Mode, Moving average, Ratio analysis, Pareto analysis, Rolling forecast, Mission-based budgeting, Trend analysis, Regression, Z-Score (public and private organizations), and Simulation 

- Analytical techniques, including Brainstorming, Mind mapping, and Delphi technique 

- 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 (including Dashboards). 

- Specific ideas for using Data Analytics, including immediate opportunities and areas for further consideration 

- Expanded lists of readings and next level software for a participants’ future reference 

Designed For
Public, private, and non-profit organizations and their members - CFOs, CEOs, Controllers, Auditors and ManagersPrerequisite
Experience and/or exposure to financial managementAdvanced Preparation
None