Learning Outcomes:
By the end of this module, students will be able to:
-Critically evaluate and manage diverse data sources to ensure informed and robust analysis, demonstrating the ability to select, organise, and justify the use of data in accounting analytics.
-Apply visual and analytical techniques to interpret financial data and effectively communicate actionable insights to various stakeholders.
-Advise on the integration of technology and data strategies that enhance decision-making and organisational performance.
-Demonstrate a thorough understanding of ethical considerations in accounting analytics.
Indicative Module Content:
This module introduces the fundamental concepts and applications of data analytics in accounting. It begins by exploring the relevance of data analytics within the accounting profession, providing a foundation for understanding how data can be used to inform decisions.
Students will gain an overview of key aspects of data, including its types, sources, and the basics of data management. The module will cover essential techniques for collecting, organising, and maintaining data to support accounting practices.
Basic statistical concepts will be reviewed to prepare students for practical exposure to data visualisation. Using commonly available tools like Excel, Power BI, and Tableau, students will learn how to create visual representations of financial data that can aid in decision-making.
As the module progresses, students will be introduced to more advanced analytics techniques, with opportunities to apply these methods in practical scenarios. Additionally, the module will touch upon the integration of technology and data strategies within accounting, supported by selected theories and case studies.
The module will also include discussions on ethical considerations in accounting analytics, emphasising the importance of integrity and compliance in data-driven environments.
This module aims to provide students with a solid introduction to accounting analytics, equipping them with basic skills and knowledge that can be further developed and applied in professional contexts.