Data Analysis for Accountants: Statistics

by Paula Guilfoyle

This course explores the various ways you can use statistics and probability to enhance your role as an accounting and finance professional. Gain an understanding of basic probability functions and testing your hypotheses using Excel.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Understand the basics of probability functions in Excel
  • Use statistics to summarise and describe data you’re working with
  • Learn how to use pivot tables, COUNTIF and HYPGEOM.DIST to count probability
  • Categorise random variables and use binomial distributions and Poisson variables
  • Use Excel tools to select samples, calculate confidence and estimate a population size
  • Test explanations or hypotheses you come up with using Excel

About the course

As accountants, we are all familiar with Excel. However, in a dynamic and ever-changing world, we need to be smarter about how we use the tools we have at our disposal. Using statistics and probability in Excel can help you to enhance your role as an accounting and finance professional. The techniques covered in this course can help you to understand how to use statistics to summarise and properly describe the data with which you're working.

You will cover the basics of probability, so that you can understand how to predict more accurately the likelihood of certain business outcomes. You'll also touch on the various issues you might discover related to sample size and then how to test explanations or hypotheses that you come up with.

Look inside

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Contents

  • Descriptive statistics
    • Descriptive statistics in Excel
    • Histograms
    • Box plots
    • Categorical and numerical data
    • Summarising categorical data with pivot tables
    • Categorical data and pivot tables
    • Formulas for descriptive statistics
    • RANK, LARGE and SMALL
    • Geometric mean
  • Basic probability
    • COUNTIF
    • The law of complements
    • Independent and mutually exclusive events
    • Conditional probability
    • HYPGEOM.DIST
    • Joint probability pivot table
  • Random variables
    • What are random variables?
    • Binomial distribution
    • Poisson variables
    • Normal distribution
  • Basics of sampling
    • Populations and samples
    • CONFIDENCE.NORM and CONFIDENCE.T
    • Population size
  • Hypothesis testing
    • Z-tests
    • What is a t-test?
    • Correlation
    • Two sample Z-test

Author

Paula Guilfoyle

Paula practiced in Industry for over 15 years, working with both small and large private companies, before moving on to teach Excel and Power BI to accountants and professionals.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,000+ unitshourshours1,000+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team’s needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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