Diving into accounting analytics marks the beginning of an exciting journey filled with opportunities for professional development and career advancement. The ability to generate and interpret analytics can significantly enhance the value accountants bring to their roles and organizations. Regardless of the technology at your disposal, the following three items will help you get started …
As accountants face an ever-growing volume of data and challenging audit environment, the ability to identify outliers and better understand financial statement fluctuations is crucial. In these examples, I used R, a programming language designed for data analysis and visualization, to build simple but powerful tools for accountants to use. Let’s go through a few …
Accounting is increasingly intersecting with data science, urging accountants to upskill beyond traditional tools like Excel for data analysis. While Excel remains essential, newer technologies enable complex accounting analytics on large datasets, such as outlier detection and statistical analysis. With AI technologies like Chat-GPT and Microsoft Co-Pilot, now is the opportune time for accountants to …
