Accounting & Finance

Accounting & Finance Accounting is all about

• Recording transactions in the books of Accounts
• Summarizing the transactions in different ledgers (and preparing a Trial Balance)
• Presenting the information in the form of Financial statements (comprising of a Balance Sheet and a Profit & Loss Account statements). As cash flows are very important a Statement of Cash Flow is also presented as an integral part of the Financial Statements. This shows the Sources of funds and how they have been utilized during the year and the impact on Cash and Bank balances.

Finance is all about:

• Activities associated with banking, leverage or debt, credit, capital markets, money, and investments.
• Money Management and the process of acquiring needed funds.
• Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that make up financial systems.

A basis understanding of these terms will help you do justice to your job.

Artificial Intelligence

Digital economy is a key catalyst for the growth and development of new economic sectors, and increases our international competitiveness and in the economy of the future. Our Course will prepare you to be the most impressive confluence of AI Influencers. As part of the Expert Team of Consultants you will design and dictate what AI does. But what exactly is Artificial Intelligence:

Artificial Intelligence (or AI) is the ability of computers to mimic the capabilities of the human mind. The computer may learn from examples and experiences to understand and respond to language and make decisions and solve problems. And may act ‘intelligently” just like a human.

Risk Management

You are at the forefront of Technology that will showcase some of the most powerful use-cases of artificial intelligence to deliver the definitive breakthroughs that will shape future societies in our world. However you must evaluate the risks that are involved also and take steps to mitigate significant risks..

Business Analyst

I would however suggest the following to be included for all participants in a Two hour session as many Financial Analyst (aspirants) would add a lot of value if they were more aware of the basics of the three types of Business Analysis :

• Descriptive
• Predictive
• Prescriptive

1. A bridge course to refresh participants on some basic statistics building blocks covering the following:

a). Data Characteristics such as

• Mean
• Median
• Mode

b). The spread of the data or the dispersion that may be measured using:

• Range (hi-low or difference between maximum and minimum values)
• Interquartile range
• Variance and
• Std Deviation

2. The main objectives of Business Analyst and the Competencies required:

• Communication
• Accountability
• Cost Factors
• Tracking of Access and Results

3. Some requirements that need be kept in mind:

• Business Requirement
• Functional Requirement
• Technical Requirements
• Traceability
• Business Process Flows
• Test Plans to Validate
• Review and Approval

4. Understanding and adoption of the above may result in the following insights:

• Pricing Insights
• Sales Insights
• Customer Insights
• Supply Chain Insights
• Business Success insights

I would further add that any models developed should be tested as follows: Planning/ Analysis and Design/ Implementation and Evaluation.