Portfolio: Analytics in Accounting, Finance and Economics

Choose A COMPANY and apply five analytics methods and a financial, accounting, or economics application for each one.  

FOLLOWING TO SLIDE CREATION:  

1. Analytics method 1,2,3,4 (8 slides)   

2 slides of each: 

-one for the analytics method  

-one for the application  

2. Analytics method 5  

-3 slides for the analytics method  

-1 slide for the application  

3. Evaluate how your chosen analytics methods can be used to address the needs of the company you chose. (1 slide) 

4. Reflect and list the limitations of the analytics methods chosen (1 slide) 

5. Discuss in short sentence form possible ethical, legal, and privacy issues (2 slides) 

Choose broad application areas are:   

1. Risk Analytics  

2. Real-Time Analytics   

3. Consumer Analytics   

4. Customer Data Management   

5. Personalized Services   

6. Financial Fraud Detection   

7. Algorithmic Trading 

8. Forecasting of customer balances   

9. Personalised recommendations for savings, investments and loans 

10. Targeted offers based on spending patterns 

11. AI-based money management programs 

12. Robotics (in accounting, see Integra Global solutions) –  

13. Artificial intelligence (auditing, loan approvals, identify invoices or transactions that need a human review, real-time reports, classification of entries or customers, fraud detection)  

14. Descriptive analytics, e.g. correlation (price changes, sales growth)   

15. Diagnostic analytics (for compliance, customer behaviour, technology errors)   

16. Predictive analytics (forecasting stock prices using time series)