CFO Series: Precise but Wrong: Everyday Analytical Errors
CFO Series: Precise but Wrong: Everyday Analytical Errors
CPE Credit:
2
Overview
Description:
Leaders and clients depend on us for our insight, analytical skills, findings, and recommendations. They need us to help make critical decisions, and sometimes we fail. Some of the common beliefs that we treat as guaranteed facts include:
× More data will lead to better analytical results
× The ‘Bell curve’ is universally applicable
× Precision means accuracy
× Relationships are linear
× Correct data leads to better results
× Correlation means causality
× Fast answers are the correct and best answers
× Our data is perfect, etc.
Each of the previous will lead to more errors. We need to audit our own analytical tools to assess where and how we are inadvertently delivering bad findings. The focus is to re-examine our analytical processes. Our constituents depend on us; we cannot let them down.
Field of Study:
Finance (1 CPE)
Auditing (1 CPE)
Instructor
Instructor:
Don Minges, MBA
Additional Details
Who should attend:
Financial leaders, financial managers, CEOs, CFOs, controllers, accountants, board members, advisors, and consultants; CPAs in public practice and CPAs in industry; business owners, entrepreneurs and professionals who are interested in realizing more profitability.
Program Level:
Intermediate
Program Content:
The major topics that will be covered in this course include:
- Certain flaws in GAAP accounting
- Confusing precision with accuracy
- Assumptions that lead to errors
- Why static analysis will fail
- How statistics mislead
- Why the ‘Bell curve’ leads to errors
- How and why speed ruins our findings
- Inherent problems within AI
- The need for proper and adequate review
Learning Objectives:
After attending this presentation, you will be able to…
- Identify common problems embedded within many financial analyses and determine actions to take to prevent those problems.
- Analyze how assumptions directly lead to analytical errors.
- Recognize the need to audit their own work.
- Identify areas auditors need to review when evaluating analyses.
Prerequisites:
Preferably at least six (6) months of professional financial statement analysis experience and/or at least six (6) months of professional experience in preparing or reviewing accounting processes and reports.
Advanced Preparation:
None, preferably prior experience with financial analysis and/or auditing will be very helpful.
Developed By:
The Knowledge Institute, LLC
Format:
Group-Internet-Based
Course Code:
CF27PBW2
Our Partners
NASBA Sponsor
CFO Series: Precise but Wrong: Everyday Analytical Errors
Course Code:
CF27PBW2
Program Level:
Intermediate
Description:
Leaders and clients depend on us for our insight, analytical skills, findings, and recommendations. They need us to help make critical decisions, and sometimes we fail. Some of the common beliefs that we treat as guaranteed facts include:
× More data will lead to better analytical results
× The ‘Bell curve’ is universally applicable
× Precision means accuracy
× Relationships are linear
× Correct data leads to better results
× Correlation means causality
× Fast answers are the correct and best answers
× Our data is perfect, etc.
Each of the previous will lead to more errors. We need to audit our own analytical tools to assess where and how we are inadvertently delivering bad findings. The focus is to re-examine our analytical processes. Our constituents depend on us; we cannot let them down.
Program Content:
The major topics that will be covered in this course include:
- Certain flaws in GAAP accounting
- Confusing precision with accuracy
- Assumptions that lead to errors
- Why static analysis will fail
- How statistics mislead
- Why the ‘Bell curve’ leads to errors
- How and why speed ruins our findings
- Inherent problems within AI
- The need for proper and adequate review
Learning Objectives:
After attending this presentation, you will be able to…
- Identify common problems embedded within many financial analyses and determine actions to take to prevent those problems.
- Analyze how assumptions directly lead to analytical errors.
- Recognize the need to audit their own work.
- Identify areas auditors need to review when evaluating analyses.
Who should attend:
Financial leaders, financial managers, CEOs, CFOs, controllers, accountants, board members, advisors, and consultants; CPAs in public practice and CPAs in industry; business owners, entrepreneurs and professionals who are interested in realizing more profitability.
Developed By:
The Knowledge Institute, LLC
Instructor:
Don Minges, MBA
CPE Credit:
2
Field of Study:
Finance (1 CPE)
Auditing (1 CPE)
Prerequisites:
Preferably at least six (6) months of professional financial statement analysis experience and/or at least six (6) months of professional experience in preparing or reviewing accounting processes and reports.
Advanced Preparation:
None, preferably prior experience with financial analysis and/or auditing will be very helpful.
Format:
Group-Internet-Based
OR
Register By Phone: Call 877.370.2220 and press “1” for the webinar hotline to register
Price
Single Registration
$89.00
Upcoming Dates
- 2/19/2027 @ 11:00 AM
All times are Eastern Time Zone
