Data Analytics for CPAs: Prescriptive Analytics

Overview

In this course, you will develop the skills to assess the analytics maturity of client organizations, effectively utilize analytics techniques for forecasting, and identify opportunities for optimizing financial decision-making. We will delve into the concept of optimization, covering the setup and solving of optimization problems. You will also learn how to optimize capital investment decisions using decision trees and enhance inventory management by implementing reorder points and safety stock. ? This course is part of a training series that introduces CPAs and financial professionals to descriptive, predictive, and prescriptive analytics, covering analytics benchmarking, forecasting methods, and optimization for decision-making in capital investment and inventory management.

Highlights

• What is optimization? • How to set up and solve an optimization problem • Optimizing capital investment decisions with a decision tree • Optimizing inventory management with reorder points and safety stock

Objectives

• Determine the level of analytics maturity of a client organization • Recognize how to make and evaluate a forecast using analytics techniques • Identify when optimization techniques can improve financial decision-making