Data & Predictive Analytics & Business Intelligence for Controllers/CFOs
Overview
The Accountant role is evolving from data aggregation to knowledge extraction, with a significant emphasis on understanding and leveraging technological advancements. In this era of rapid digital transformation, it is crucial for accountants to grasp the shift towards more analytical roles, learn the tools, and integrate Business Intelligence (BI) and Data Analytics (DA) in their organization and daily practices. This course will focus on raising the accountant's awareness of BI and DA practices, the impact of AI technologies like ChatGPT, and how these can benefit their organization. By embracing these technologies, accountants can enhance their value proposition by transitioning from traditional accounting roles to becoming strategic advisors and decision-makers.
Delivery Method: Individual webcast
CPE Credit: Business management & organization, Computer software & applications, Information technology
Program Level: Intermediate
Highlights
- DA and BI relationship to accountant value.
- Current trends in BI and DA, including the emergence of AI tools like ChatGPT.
- The changing accountant roles: data analyst, data scientist, and data storyteller, with an emphasis on how ChatGPT can be utilized in these capacities.
- Obtaining datasets to compare and contrast with their organization's data, and how ChatGPT can assist in analyzing and interpreting this data.
- BI tools and the inclusion of AI technologies such as ChatGPT to streamline processes and improve analytical capabilities.
Prerequisites
None
Designed For
Accounting Managers, Controllers, CFOs
Objectives
- Understand how AI, BI, and DA will impact the Accounting function and positions.
- Comprehend the business purpose for adopting AI technologies, including ChatGPT, and their role in enhancing BI and DA applications.
- Identify resources in the AI, BI, DA journey, with a focus on integrating ChatGPT for advanced data analysis and customer interaction.
- Recognize current trends in technology that are shaping the future of accounting.
- Learn how to leverage ChatGPT for automating routine tasks, generating insights from data, and improving decision-making processes.
Preparation
None
Leader(s):
Leader Bios
James Lindell, AICPA
James T. Lindell, CPA, M.B.A., is president of Thorsten Consulting Group, Inc., a Wisconsin-based provider of strategic and financial consulting, professional speaking, training and executive coaching. He has an extensive background in senior management, including positions as CFO and corporate assistant controller. Lindell has worked with a variety of industries, including manufacturing, health care, nonprofit, distribution and food processing. A chair for The Executive Committee (TEC), he is an American Institute of CPAs (AICPA) member and instructor, Wisconsin Institute of CPAs (WICPA) member and Financial Executives Institute (FEI) member. Author of the AICPA course “AICPA’s Annual Update for Controllers” and a contributing author of the AICPA course “Fast Close, Soft Close, Virtual Close – Now Days, Not Weeks,” Lindell is a faculty member of the American Management Association and the Center for Professional Education.
Non-Member Price $159.00
Member Price $129.00