Newly qualified CPA Ireland accountants will now have the opportunity to automatically be recognised as a Certified Business Data Analyst. This follows a new collaboration between CPA Ireland, and the Analytics Institute of Ireland.
This new agreement is the latest update in CPA Ireland’s ongoing programme of innovating training and education for the accountancy profession. From 2020, any CPA trainee who opts to study the new elective subject ‘Data Analytics for Finance’ on the final CPA strategic level of the qualification will be eligible for this dual qualification.
Speaking about the announcement, CPA Ireland President, John Devaney stated that ‘as the importance and potential of big data emerges, the demand for accountants with big data skills increases. We want our students, through the study of this subject, to develop these highly sought-after analytical skills of capturing, interpreting and reporting on big data. In conjunction with the other core accounting skills and subjects like Strategy and Leadership, our students as they move through their careers and qualify as CPA accountants, can then strategically add value to this data.”
Lorcan Malone, CEO of The Analytics Institute has warmly welcomed this partnership with CPA Ireland. “Data analytics is increasingly recognised as an essential element of business strategy. It is also widely seen as an important skillset for career development. Through this partnership, CPA Ireland and the Analytics Institute are preparing finance professionals to utilise data analytics to optimise business performance and to identify and mitigate risk. We look forward to working with the CPA Ireland team.”
CPA Ireland have worked with Cork Institute of Technology (CIT) to develop this subject. Working with CIT’s leading academics in the fields of mathematics, data analytics and accounting, they have developed a course that will provide students with a comprehensive understanding of the theory and practice of data analysis in the accounting and wider business domains. Students who complete this course will develop the skills to apply and interpret data-based initiatives that address real-world problems across many financial activities such financial accounting, management accounting, taxation, auditing and corporate finance.
For further information on the Data Analytics for Finance subject, please visit the designated website page here
About the CPA Ireland – Ready to Face the Future of Accounting Syllabus:
As automation and technology continue to drive changing business models, the role of accountants and auditors needs to rapidly evolve and adapt. The new syllabus addresses the impact of emerging and disruptive technologies, including Artificial Intelligence, Blockchain, Fintech among others,
through the introduction of these topics across various subjects on the syllabus and through the introduction of this completely new elective subject
at our final level – Data Analytics for Finance.
About The Analytics Institute of Ireland:
The Analytics Institute exists to support the Data Science and Analytics sector, by providing a platform for members to share insights and expertise, to collaborate and build networks in the industry and to foster innovation in the sector.