Financial Analytics Training
Financial analytics are accounting and financial data that a firm reports to management at the end of each month or quarter. This information aids primarily in internal decision-making processes. A financial analytics training course helps an attendee improve accounting skills.
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Purposes
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A financial analytics training program helps a participant familiarize himself with financial analysis tools, such as profit margin and return on equity. Profit margin equals net income divided by total revenue. Return on equity equals net income divided by owner's capital.
Methods of Training
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A financial analytics training session attendee can take relevant courses at a local university or on corporate premises. She also may log into a secure website to review applicable concepts.
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Training Topics
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Training topics vary by industry, company and senior management's personnel development objectives. To illustrate, a financial analytics training curriculum at an insurance company may cover profit margin and return on equity analysis of premiums and claims.
Expert Insight
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A company may hire a specialist to explain financial analytics topics that are difficult. For instance, the insurance company can bring in a retired actuary to explain methods of calculating profit margins with claims and premiums data.
Benefits
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A company sponsoring a financial analytics training program benefits because well-trained staff can use new skills to improve decision-making processes in the short term and long term.
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References
- Photo Credit pen showing diagram on financial report/magazine image by Anton Gvozdikov from Fotolia.com
