Measuring What Counts: Data Analytics and Performance Metrics You Need
You don't have to be a trained financial analyst to know that metrics are important. They answer the what, why and how questions that every professional needs to know in order to succeed. With this bundle, you will get, not only the basics of data analytics, but also a closer look at the key performance indicators (KPIs) that your business can benefit from monitoring.
This course is designed for individuals who would like to obtain a basic understanding of data analytics and how data analytics can be used by accountants and auditors. We will review the various types of data analytics that are available to accountants and auditors. We will discuss the issues with validity and bias when performing data analytics. Examples of data visualization tools will be provided for participants.
This presentation focuses on how the finance function can leverage analytics, especially predictive ones, embedded in their financial reporting, planning, and decision making. Finance and accounting professional are typically considered to be very quantitative. They are by nature number-crunchers. But collecting, validating, and reporting data is not the same thing as analyzing the information that can be gleaned from data. Most organizations are drowning in data, but starving for information.
Designing, developing and supporting an effective reporting system of leading and lagging KPIs (Key Performance Indicators) is complicated. Information needed by senior management is different and less granular than that needed by the line manager, and the producers. The technical aspects of pulling the right information from the mountains of data at the right time can be overwhelming. We can help demystify this puzzle and put your team on the track to smooth sailing. Join us and accelerate your team’s understanding and effectiveness in designing, implementing and monitoring critical KPIs using powerful performance dashboards. Learn how to tailor your dashboards to perfectly fit the needs of your C-suite, middle managers, and line and field personnel.
A common misconception about performance management is that focuses on “what happened”, providing internal information via dashboards with drill down capability, with an emphasis on "slicing and dicing" past performance data
The only value a company will ever create for its shareholders and owners is the value that comes from its customers – current ones and new ones acquired in the future. To remain competitive, companies must determine how to retain customers longer, grow them into bigger customers, make them more profitable, serve them more efficiently, and target acquiring more profitable customers.
Total: 5 courses (10 CPE hours)