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.
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Why Lorman?
Over 37 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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More Program Information
Why Lorman?
Over 37 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 March 25, 2020.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 37 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
- Partner at Holly Lane Consulting
- Specializes in business finance and operational assessments with a focus on nonprofits, small-medium businesses and government agencies
- Certified instructor for the Institute of Real Estate Management (IREM) finance budgeting, cash flow, and reporting for investment real estate
- Conducts regular seminars and workshop on business, finance, 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, the Wyoming Law Enforcement Academy for Leadership Development, and West Sound Home and Garden Magazine
- Member of the Institute of Real Estate Management
- Holds the Certified Property Manager designation
- B.A. degree in business administration and finance, Idaho State University
- Can be contacted at 208-521-2639 or [email protected]
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More Program Information
Why Lorman?
Over 37 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!
- OnDemand Courses
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- Course Manuals
- Executive Reports
- White Papers and Articles
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- State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.
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