Accounting Analytics

Catalog description

The increasing availability of machine-readable data is changing the role of the accountant as an information provider. In this course, we will discuss how the accounting profession is changing to harness the power of the massive amounts of data available. We will use the AMPS model (Ask the question, Master the data, Perform the analysis, and Share the story) as a framework for understanding data analytics in the accounting profession. We will focus on four types of data analysis – descriptive, diagnostic, predictive, and prescriptive – and explore how each is used to investigate accounting questions. Finally, we will explore (and use) data analysis software products that are currently used in the accounting profession.