Data Analysis Certificate

Overview

This course provides essential insights into effective retirement planning, integrating federal taxation with strategies for determining retirement income needs, wealth building, and estate distribution. You’ll enhance your ability to analyze problems, develop solutions, and present personalized retirement plans, focusing on practical simplicity for self-employed and high-income individuals. Key topics include calculating retirement income needs, understanding net after-tax Social Security benefits, exploring IRA distribution options, and addressing the tax implications of owning a home and running a business in retirement.

Highlights

• Introduction to Analytics
• What is analytics —
• The three types of analytics: descriptive, predictive, prescriptive
• Analytics maturity benchmarking for CPAs and client organizations
• Descriptive Analytics
• Identifying insights with text mining
• Using multidimensional clustering to uncover patterns
• Detecting anomalies with statistical outlier methods
• Predictive Analytics
• Fundamentals of forecasting: making and evaluating forecasts statistically
• Forecasting simple time series (e.g., staffing needs for an office)
• Forecasting complex time series (e.g., product revenue trends)
• Forecasting nonlinear targets with CART trees for market segmentation
• Prescriptive Analytics
• Understanding data analytics optimization
• Formulating and solving optimization problems
• Optimizing capital investment decisions with decision trees
• Improving inventory management using reorder points and safety stock

Objectives

• Determine the level of analytics maturity within client organizations to benchmark capabilities and identify growth opportunities.
• Recognize and use forecasting methods to make and evaluate forecasts that support data-driven decision-making.
• Identify when and how optimization techniques can enhance financial decision-making in areas such as capital investment and inventory management.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.