Certificate Course in Data Analytics for Finance Professionals
FAQ
An Initiative of Board of Advanced Studies
The Institute of Cost Accountants of India
(Statutory Body under an Act of Parliament)
www.icmai.in
1. Please give a brief outline about ‘Certificate Course in Data Analytics for Finance
Professionals’.
We live in a data-driven world where organizations, irrespective of their size or area of operations,
cannot ignore the impact of data analytics in the way they run their businesses. Whether it is to
improve customer experience or managing resources better, data analytics is being used at every
level of the organization to make informed decisions.
Today, data is everywhere. But there is a scarcity of talent with the skills to make sense of it and
create value. As the need for analytics becomes more widespread, there is mounting demand for -
and a growing shortage of - professionals with the relevant data skills coupled with an
understanding of how the techniques are applied to business and the variety of critical tasks facing
decision-makers.
This is true, of course, only for organizations that have already started on their digital
transformation journey. Others who have not adapted will soon realize that they have missed the
bus to the next era of decision-making. When organizations invest in formal training, communities
to foster continued learning, and certifications to measure data literacy, people can thrive with data
and make a greater impact on the business – better prepared to be agile as digital transformation
demands data literacy at all levels.
At the outset, the Board of Advanced Studies of the Institute has introduced a unique
online Certificate Course in “Data Analytics for Finance Professionals” to groom and train the
participants with the latest tools and techniques of data analytics for effective decision-making
purposes.
2. What are the Course contents?
The Course is divided into five modules -
Introduction to Data Analytics
Statistical Theory and Application in Data Analytics
Data Analytics with Excel & Advanced Excel: Case Studies
Introduction to Power BI
Introduction to Python
For more details: https://icmai.in/Advanced_Studies/DAFP/index.php
3. What are the learning objectives of the Course?
Enrich Finance Professionals with a skill enhancing learning experience
Empower them with efficient ways of Data Analytics
Endeavors into cutting edge Data Presentation
End to end: affordable with a solid return on investment
Open doors to Finance Professional into Data Analytics domain
4. What are the salient features of this Course?
This Course will expose to various and most used analytics techniques and
algorithms that can be applied in various F&A scenarios such as budgeting,
planning, optimization, predictive techniques, costing, risk, fraud
mitigation and forecasting, and to several real world business use cases.
Data analytics is commonly described as a process of examining data sets to draw
conclusions on the basis of information available in them with the help of various
software or specialized systems. Data analytics include data mining, predictive
analytics and machine learning. The Course will teach about methodology
involved in tackling data science problems.
Data analysis is a complex field; it is both an art and a science. It takes the
knowledge and expertise of a skilled data analytics professional to effectively
analyze this important data. By enrolling in this online course, one can gain the
knowledge and skills to succeed in this growing field.
Data analytics is a fast growing field, and as more and more companies are
recognizing the need to implement data analytics into their daily operations,
more positions in this industry are opening up.
This unique online Certificate Course in “Data Analytics for Finance
Professionals” will groom and train the participants with the latest tools and
techniques of data analytics for effective decision-making purposes.
Efficiency in Data Analysis is becoming a clear differentiator between Top –
performers and others – across industries. In the Digital World driven by data,
adoption of Data Analytics has become very essential for Business Decision
making.
An organization having executives trained in Data Analytics will perform more
efficiently using data analytics tools and techniques and hence the performance
level of the business will surely enhance leading to increase in annual revenue
and development of the organization. Hence the demand for Data Analyst is
increasing.
5. What are the learning outcomes of this Course?
After the completion of this Course, participants will be able to:
Learn skills to transition from functional positions to leadership positions
Develop sales strategies, forecasting and manage business effectively
Develop competency level to solve problems across F&A value chain with data and
analytics
Apply various analytics algorithms to improve predictions, optimizations, analysis and
management of risks, budgets and financial planning and fraud mitigation
Efficiently manage cross-functional teams
Create growth-strategies and implement the same in their organisation
Create predictive business models and enhance the workflow
Develop skills to lead digital transformation in their organization
Enhance employability to a greater extent in this competitive world
6. What are the Job opportunities of a Data Analyst?
Emerging job roles of a Data Analyst are:
IT Systems Analyst
Healthcare Data Analyst
Operations Analyst
Data Scientist
Data Engineer
Data Analytics Consultant
Quantitative Analyst
Digital Marketing Manger
Big Data Specialist
And many more …..
7. What are the applications of Data Analytics in Finance?
Risk Analysis – It enables strategic decisions, increase trustworthiness and security of the
company
Real-time Analysis – Data is only useful when it is accurate, current and accessible.
Management of an organization always want real time information from a Finance person.
Consumer Analysis – Analyzing customer interactions and sentiment in storage and on
social media in order to better predict customer behavior.
Customer Data Management – Especially for unstructured data: Use AI tools like NLP, data
mining and text analytics.
Personalized Services – Analytics of the data provided by the customer can help to create
personalized and sophisticated interactions
Fraud Detection – Use of programming to detect unusual user behavior and anomalies in
system function.
8. What are the key skill sets required for a Data Analyst?
A standard level of mathematical ability
The ability to analyze, model and interpret data
Programming languages, such as SQL, Python
Problem-solving skills
A methodical and logical approach
The ability to plan work and meet deadlines
Accuracy and attention to detail
Interpersonal skills
Teamworking skills
Written and verbal communication skills
9. Who are the prospective employers of Data Analysts?
Banks
Insurance companies
Specialist software development companies
Consultancies
Telecommunications companies
Public sector organizations
Social media specialists
Colleges and universities
Pharmaceutical companies
Manufacturers
And many more …
10. Who are eligible for this Course?
CMA
CMA Final level students with Graduation
CA
CS
MBA
M.Com
Post Graduates from relevant discipline
Other Professionals
11. What is the Course fee?
Category Course Fees (Rs.)
CMA Final Level Students with Graduation Rs.15,000/- + 18% GST
Qualified CMAs Rs.18,000/- + 18% GST
Other Professionals / Post Graduates Rs.20,000/- + 18 % GST
*Substantial discount on the Course fees is available for bulk corporate enrolment
12. Can the Course fees be paid in installments?
No
13. Is there any hidden cost apart from normal Course fees?
No.
14. What is the procedure for payment of the Course fees?
The Course fees can only be paid through online Payment Gateway Portal:
https://eicmai.in/advscc/Home.aspx
15. What will be the Course duration and delivery mode?
The Certificate Course on Data Analytics for Finance Professionals is:
100 hours of integrated curriculum spreading across 3 months
50 hours of Pre- Recorded Video contents covering basic concepts
50 hours of online live classes by experienced faculty over the weekends covering advanced
concepts, practical application of concepts and Query Resolution
Examination after completion of the 100 hours course
Certificate after successful completion of the Examination
16. What is the teaching-learning methodology?
Fully Online Classes
Case Study based
Assignments
Hands on training
17. What will be the tentative timings for online classes?
Day Timing
Saturday 5 pm – 9 pm
Sunday 9 am – 1 pm
Day and Timing schedule may be changed in case of emergencies
18. Who will be the Course trainers?
Expert professionals from the industry who are specialized in Data Science and Data Analytics
Subjects will be the trainers.
19. What shall I do if I miss any online live class?
All online live classes will be recorded and hosted in the portal for future reference and viewing.
20. Who will provide Certification at the end of the course?
The Institute will provide Certificate.
21. When the Online Admission will commence?
Online Admission process has been started from 15th June 2020.
22. When the first batch will commence?
First batch will commence from July 2020.
23. Does the Institute provide any Study Materials?
Online study materials will be provided. However, faculty members will also provide
online learning resources time to time.
24. How the assessment will be conducted?
Online Assessment will be conducted in the MCQ pattern at the end of the Course
Assessment duration: 3 hrs. for 100 marks (max.)
The participant has to secure at least 50% marks to qualify
Assessment Fees: Rs.1000/- + 18% GST for every attempt
25. Can the students interact with the faculty members/ trainers even after the
completion of the course, in case of any difficulties?
Yes. We are having a dedicated mail id [email protected] for this Course. You
may send your queries here and expert faculty members will resolve your queries.
The Course is administered and controlled by the Directorate of Advanced Studies
from the Headquarters of the Institute at Kolkata.
26. Is attendance mandatory at online classes?
No. But it is recommended to attend and view the online classes/ webinar/ recorded
video classes to have better understanding and grip over the subject.
27. Can members of the Institute get CEP hours to attend this course?
Yes. 10 CEP hours will be provided to the members of the Institute of Cost
Accountants of India after successful completion of this Course.
28. Please provide contact details of Advanced Studies Department.
Directorate of Advanced Studies
The Institute of Cost Accountants of India
12 Sudder Street, Kolkata – 700016
E-Mail:
[email protected]Ph: 9609793616 / 8981391330
Course Web Portal: https://icmai.in/Advanced_Studies/DAFP/index.php
www.icmai.in
