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Data Analytics

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DA: Is the course more biased to someone working in practice as opposed to industry?

The course has been purposely designed to be suitable for members working in industry as well as practice. The two main data analytics skills it covers are ...

Thu, 10 Jun, 2021 at 9:53 AM
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DA: In my role, I don't expect to analyse big data nor manage those analysing big data but I am interested in how it can be better used for audit and financial management. Which course would you recommend?

We would recommend the Management Pathway. Alternatively if you are an ICAEW member please see a free resource on the ICAEW website.

Thu, 10 Jun, 2021 at 10:01 AM
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DA: If you work in a smaller firm then at what level would you start - Analyst or management (if you are a director)

We would suggest Management would be the best route. If you then feel you need to know how to code yourself then you could consider the Analyst route.

Thu, 10 Jun, 2021 at 9:55 AM
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DA: How much is the learning subjective principles vs objective and rules based? If subjective, does the course have the risk of being too general to the extent that it doesn't empower the candidate to tangible outcomes in their workplace?

Definitely highly applied. The course has been specifically tailored for the finance profession and includes interviews with finance professionals and finan...

Thu, 10 Jun, 2021 at 9:55 AM
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DA: How relevant is Data Analytics techniques for SMPs and work carried out by auditors for SMEs?

Extremely relevant. Using data analytics techniques enables a wider use of different types of data (unstructured as well as structured, and external as well...

Thu, 10 Jun, 2021 at 9:58 AM
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DA: Can/ do this if I'm currently not working (on maternity leave) or would it be more beneficial to do this whilst working to practice skills etc?

The case study does not need you to apply in the workplace, all of the data and content you need to complete is included within the course. Therefore this w...

Thu, 10 Jun, 2021 at 9:58 AM
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DA: I currently work in corporate finance and while some of the context will be the same, I don't do audit work and don't do any sampling or any other audit related work. Is this still a relevant course for me?

Very much so in terms of the forecasting modelling and the anomaly detection. In fact the case study is set in the context of a private equity investment wh...

Thu, 10 Jun, 2021 at 9:59 AM
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DA: I work for a public sector/NHS internal audit, so alongside finance reviews we do a lot of work on more operational areas. How transferable are the skills in this course?

The Analyst course teaches data analytics as a process to solve practical business problems and the forecasting skills covered on the course are extremely t...

Thu, 10 Jun, 2021 at 10:00 AM
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DA: Can you give a practical example of where these skills would be used in a small accountancy practice?

The Analyst course teaches data analytics as a process to solve practical business problems and the specific uses covered are forecasting and anomaly detect...

Thu, 10 Jun, 2021 at 10:02 AM
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DA: Does the Analyst Pathway cover the question of how to flex the basic principles for different scales of business and nature of eg forecasting issues?

The course teaches data analytics as a process so you are equipped to apply the knowledge and skills learnt to any business question, irrespective of size.

Thu, 10 Jun, 2021 at 10:02 AM