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Certificate Course in Data-Driven Decision-making (DDDM)

Build the foundational skills needed to transform data into informed, actionable business insights and use data-driven thinking to design decisions around strategy, process, business structures, and the customer experience to help grow your bottom line.

Certified Course Overview

  • Exploring the tools for data analysis for performance management.
  • How do various creative methods help you define the problems and the problem grid?
  • How PivotTables help in creating decision making information
  • The role of scenario analysis in making decisions based on financial modelling.
  • Various reports available at each subscription level of QuickBooks.
  • Explore the application of Computer Assisted Audit Techniques.

Why this certification course

Data literacy is a requirement of modern-day businesses and professionals. It guides you in taking business decisions based on factual information. This certificate course identifies that business analysis is at the heart of the business performance data. It includes using Excel and QuickBooks, one of the most important and most widely trusted support of the CPAs to generate accounting and strategic data for problem solving and decision making. This course does not ignore the specific requirements of quantitative analysis and sampling basics for data analysis. You will uncover their roles as a stepping stone to better understanding decisions and follow-up actions. 

In this certificate course, you will explore that professionals such as CPAs need to make decisions based on reliable information. Trust built on financial statements, capital budgeting, and investment decision rules guides professionals in taking futuristic business decisions. Having a great source of information needs smart analysis tools. To satisfy this, the course offers spreadsheet models that can readily help the professionals in serving their clients and key decision making roles. You will not only be prepared to deal with the big data where the industry and market are moving, but also master the ways of turning data into information to make smart moves. As a CPA this certificate course will provide a chance for you to develop an unprecedented advantage that offers long-term success. 

Recommended For:

  • CPA, CMA, CIA, CFA, ACCA, CRISC, and other related accounting, finance, and HR professionals interested in getting better insights from the factual data such as financial statements and reports. 
  • Audit professionals who desire to help their clients with quantitative methods in the audit process.
  • CPAs, CMAs, CVAs, CFAs, ABVs, and any other professional who is interested in getting an understanding of the concept of financial modelling decision making. 
  • Business owners and management personnel desire to brush up on their problem solving and decision-making skills.
  • Accountants, auditors, and other professionals with a keen interest in building data-driven business practices. 
  • The professionals interested in exploring the ways to manage the data-driven accounting practice and accountants seeking to augment their practices and increase billables.

Modules

Course Title Educational Credits
Data Analysis 101 - Getting to the heart of performance data 2
  • To identify the Principles of Process Management
  • To recognize tools for Data Analysis that Works for performance management
  • To recall the control chart by highlighting the variation in data
  • To recall some of the Control Chart Special Cases
  • To interpret control charts
  • To strategize dealing with Special Cause and Common Cause Variations
  • To use data to drive improvements
  • To explore a structure for performance management
Financial Modelling for making business decisions and plans 2
  • To evaluate the revenue and cost models.
  • To calculate cash burns and the ability to project how much you need
  • To create financial model including profit & loss, cash flow
  • To discuss impact of various decisions and evaluate scenarios
  • To discuss impact of different prices / costs / customer acquisition.
Excel: Visualizing Data Through Images, Shapes and Charts 1
  • To describe how to insert pictures on a worksheet from the device.
  • To discuss how to insert pictures on a worksheet from stock.
  • To determine how to insert online pictures in a worksheet.
  • To describe how to insert shapes on a worksheet.
  • To discuss how to give effects to different shapes.
  • To discuss how to add SmartArt to a worksheet.
  • To generate a chart from a table.
  • To change the layout of a chart.
  • To change elements of a chart.
  • To change labels and legends in data.
  • To change a chart type.
QuickBooks for Advanced Learners Information - Analysis and better Decisions 6
  • To recall the new features in QBO for projects.
  • To recognize how to track change orders in QBO for projects.
  • To Identify how to do Progress invoicing in QBO for projects.
  • To identify different type of reports which are available at each subscription level of QuickBooks®.
  • To identify ways of reading a Profit & Loss report, Cash Flow report, and Balance Sheet.
  • To identify ways of reading A/R and A/P reports.
  • To recognize how you can add situation-specific accounts to the Chart of Accounts.
  • To explore how you can manage a Line of Credit.
  • To identify how to separate out Loan payments for principal, interest, and debt protection insurance.
  • To recognize processing Bounced Checks, both your customers’ and your own.
  • To explore how you can track Bartering, so you can track your true income and your expenses even though no money has changed hands.
QBO Running Reports - Information, Analysis & Better Decision 2
  • To identify different type of reports which are available at each subscription level of QuickBooks®
  • To identify ways of reading a Profit & Loss report
  • To identify ways of reading a Balance Sheet
  • To identify ways of reading a Cash Flow report
  • To identify ways of reading A/R and A/P reports
Quantitative Analysis for Auditors: Introduction to Data Analysis 4
  • To identify quantification, operational research, and models for data analysis
  • To recognize the importance of mathematical basics for audit data analysis
  • To explore analytical review procedures for analysis of audit data
  • To discuss regressions analysis as a key method for audit analysis
  • To recall linear programming and charting as a method to analyze audit data 
  • To explore the implementation of queuing, game theory, and simulations for audit data analysis
  • To discuss statistical sampling methods as a key input for audit data analysis
Excel Accountant: What-If Analysis 2
  • To identify when to use Excel’s Goal Seek feature versus Solver.
  • To describe how to apply Excel’s Solver Add-in for more complex what-if analyses.
  • To recall how to use the Data Table feature in Excel to compare calculation results based on varying inputs.
Quantitative Analysis for Auditors - Understanding Sampling 4
  • To identify the understanding of population analysis in Audit sampling
  • To explore correlation and regressions for audit
  • To discuss how to conduct the audit
  • To recognize how you can obtain information from IT systems for analysis
  • To explore the application of Computer Assisted Audit Techniques (CAATs)
  • To discuss the application of data analytics for audit results
  • To identify the use of probability theory for audit
Capital Budgeting & Investment Decision Rules 1.5
  • To analyze the techniques for evaluating investment options.
  • To inspect Nuts & Bolts of NPV.
  • To evaluate the internal rate of return (IRR).
  • To explain the Payback period.
  • To discuss the Advantages and Disadvantages of methods of calculation.
  • To discuss how to make the calculations.
How to Read, Understand, Analyze and Present Annual Reports 3
  • To analyze the structure of annual reports.
  • To review stock exchange regulatory requirements.
  • To explain how to read annual reports.
  • To inspect how to analyze annual reports.
  • To identify what information is found and what is usually missing from reports and where to find missing information.
  • To analyze how to use analysis techniques to understand what the company is hiding.
  • To explore financial statement analysis of APPLE and Southwest airlines.
Spreadsheet Models Pricing, Cashflow and Investment Analysis 2.5
  • To discuss the guiding principles of spreadsheet model building.
  • To analyze how to plan the work involved in getting ready to build a spreadsheet model, including identifying stakeholders and defining the problem that the model will address.
  • To develop models for pricing decisions including identifying the profit-maximizing price for a business.
  • To build a cash flow model to support a wide variety of business situations.
  • To extend the cashflow model to include an Income Statement and Balance Sheet.
  • To analyze the project lifecycle.
  • To select an appropriate discount rate for use in Net Present Value analysis.
  • To compare projects using Net Present Value.
  • To apply the Discounted Cashflow Valuation Model to business projects.
  • To compare investment opportunities.
Excel Accountant: Payroll Analysis 2
  • To recall how to reformat Social Security Numbers using Excel’s Flash Fill feature.
  • To define how to assign random numbers to a data set in Excel.
  • To apply password-protection techniques for sensitive payroll files, worksheets, and spreadsheet columns.
Problem Solving and Decision Making 1
  • To discuss the keys to creative thinking.
  • To list down the steps to creative problem solving and decision making.
  • To list down the numerous similar problem-solving methods.
  • To discuss tools to help you define the problem and the problem grid
  • To discuss tips for identifying problems in the process
  • To discuss thoughts on problem-solving and decision making
  • To discuss top tips for creative problem solving

Our Certificate

In the new data-driven world the path of uncovering new insights and opportunities by applying various frameworks goes through data literacy. With all businesses taking more data than ever before, the basics of decision making have taken a drastic change. It no longer relies heavily on intuitions and feeling, but it focuses on the building blocks of data converted into information for specific purposes. This unique value certificate course exemplifies that in the world of accounting, finance, tax, auditing, marketing, operations, practice management, and business growth, professionals such as CPAs can develop and use the skills of data-driven decision-making to achieve great results.

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Frequently Asked Questions

This certificate course covers the basic skills to transform data into informed actionable decisions. It includes data analysis and its roles as the heart of performance data, solving the problems and decision making through creatively using data, MS Excel, and QuickBooks as an analysis tool in making better decisions. This course helps you understand the quantitative analysis basics of sampling, reading, and interpreting annual reports. It also covers the spreadsheet models of pricing cash flow and investment analysis.

This certificate course encompasses the years of experience from the learned speakers in various fields. They cover a variety of topics, especially useful for the accounting, finance, tax, and other related fields which are the areas of focus for industry professionals such as a CPA. You will learn theoretical and practical aspects of decision making based on hard facts and project its decisions for the short and long term. Efficiently used, such skills can be detrimental to business and personal success for aspiring professionals, industry practitioners, and businesses offering quality services.

Certificate course is created by a qualified and experienced instructor(s). myCPE Certificate Courses includes Self-study Courses. Most of the courses are in the form of On-demand Videos. The Self-study Video courses in Certificate courses may be Live recorded presentations converted into Self Study (On-Demand Videos).

You can take your time and attend the course at your own pace. You can take exam unlimited time. So, don’t worry, if you are not able to pass an exam. You will be getting a chance to attend the exam again.

After completion of each course of this certificate course, you will be able to download a certificate with the course title and number of hours. Certificates, as well as your study records, are stored for life and you can access them anytime. Certificates are valid proof for your continuing education credits and you can also add it as an additional designation.

Once you register you will have complete access to all the courses of this certificate course. The self-study format allows you to access the material online 24x7 and study at your own pace.

As per NASBA guidelines, you have one year from date of purchase of your certificate to complete each program. After completion of each course, you can attend final exam any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.

Course have minimum passing score of 70% in the final exam and you can take multiple attempts of the said exam.

Our video player tracks & stores the watch time and will show you in the progress bar. But you make sure that you don’t fast forward or manually try to move the progress bar. If you have fast forwarded the video or tried to manually move the progress bar of the video. System wouldn’t capture your watch time. So please, let the video go on its own. However, being on-demand video you can pause and play and whenever you want and you can watch it in pieces. It will pick up from where you left off. So, for a self study courses you will have to
1. Complete the entire video 100%.
2. Answer all the review questions correctly. The review questions are at the bottom of the same page where you are viewing the course video.
3. Once you have watched the whole video and answered all the review questions, the Final Quiz will open up. You need to score more than 70% in the Final Quiz to avail your CPE credit. Multiple attempts are allowed for submitting Review and Final Quiz questions.
4. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from the ‘My Certificates’ section. Kindly ensure you have allowed Multiple File download from your web browser to download all certificates.
5. You can download individual certificate from your "Account" as well as from this page once you complete a particular courses. Also, you can download "Consolidated Certificate" from the package page or from your account.

A Self-study course is a recorded video (If it’s a recording of a live course you may see polling questions appearing on the screen. You do not need to answer the polling questions and just let the video play). Do not fast forward. If you fast forward, we may not be able to capture your watch time and you may be required to watch it multiple times. In order to avail your credits for the self-study course, you need to answer the review questions correctly and complete the entire video. Once you have done that, the Final Quiz will open up in which you need to score a minimum 70% to qualify for the credit. You can attempt multiple times for answering the review questions and Final quiz questions. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from ‘My Certificates’ section.
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The evaluation form will be sent to attendees in the next 24 hours after passing the final quiz with at least 70% marks. Kindly note that the evaluation form will only be available to attendees who remained logged in till the end of the course and answered all the polling questions.

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