Master the 4-Stage Data Analytics Framework : From Descriptive to Prescriptive Analytics in Modern Finance
What you will learn
Understand the importance of data in modern FP&A and how it differs from traditional management accounting.
Grasp the 4-stage Data Analytics Framework: Descriptive, Diagnostic, Predictive, and Prescriptive Analytics.
Learn the practical differences between data analysis and data analytics and why analytics is crucial for FP&A.
Apply each analytics stage through real-world finance applications and an ecommerce company example.
Gain insights into leveraging data analytics for effective decision-making and financial forecasting.
Summarize and integrate data analytics practices to elevate FP&A skills in a modern finance role.
Why take this course?
Unlock the power of data in financial planning and analysis (FP&A) with our Data Analytics Framework course designed for finance professionals, analysts, and aspiring data-driven leaders.
This course takes you through the 4-stage analytics framework
โDescriptive, Diagnostic, Predictive, and Prescriptive Analyticsโspecifically tailored for FP&A applications.
Starting with the fundamentals, youโll learn the importance of data in modern finance and how it differs from traditional management accounting. Weโll dive into each analytics stage, helping you understand how to analyze historical data, identify trends and patterns, make forward-looking predictions, and recommend actionable insights.
Throughout the course, you’ll work with real-world examples, including a practical scenario in ecommerce, to see exactly how these analytics principles apply in practice. By the end of the course, youโll be able to distinguish between data analysis and data analytics, leverage insights for strategic decision-making, and communicate your findings effectively.
No advanced experience is required, making this course accessible to both newcomers and experienced professionals in FP&A. Whether you’re looking to advance in your current role or transition to a modern FP&A position, this course equips you with the analytical skills and knowledge needed to thrive in data-centric finance functions.
Join us and transform the way you view and use data in FP&A, gaining skills that will set you apart in the world of modern finance!