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Course Outline

AI Foundations for Finance Professionals

  • Understanding AI and machine learning within the financial sector.
  • Overview of AI model types: classification, regression, and generative models.
  • Responsible AI practices: ensuring accuracy, transparency, and ethical usage in reporting.

Automating Financial Data Processing

  • Utilizing AI tools for data ingestion and extraction from PDFs and spreadsheets.
  • Cleaning and transforming data for effective analysis.
  • Leveraging OCR, NLP, and LLMs to interpret unstructured financial text.

AI-Driven Financial Statement Analysis

  • Automated ratio analysis and benchmarking.
  • Trend detection and variance analysis using machine learning.
  • Visualizing insights through AI-powered dashboards.

Generative AI for Narrative Reporting

  • Using LLMs to draft executive summaries and variance commentary.
  • Creating management discussion & analysis (MD&A) with AI support.
  • Prompt engineering for financial storytelling and maintaining accuracy.

Scenario Planning and Forecasting with AI

  • Introduction to scenario modeling and simulation using ML.
  • Building dynamic models for revenue, expense, and cash flow forecasting.
  • Stress testing financials under various macroeconomic assumptions.

Integrating AI into Existing FP&A Workflows

  • Enhancing spreadsheet workflows with Python or AI plugins.
  • Collaborative tools and automation for monthly/quarterly closes.
  • Embedding AI into Excel, Power BI, or cloud FP&A platforms.

Audit, Governance, and Internal Controls

  • AI explainability and preparing for internal audits.
  • Documenting assumptions and AI outputs for compliance purposes.
  • Establishing controls for AI-assisted processes in financial reporting.

Summary and Next Steps

Requirements

  • Understanding of fundamental financial statements and key metrics.
  • Experience with spreadsheets or basic data handling tools.
  • Some prior exposure to Python or the readiness to use AI-enhanced interfaces.

Target Audience

  • Corporate finance analysts.
  • Financial Planning and Analysis (FP&A) teams.
  • Controllers.
 14 Hours

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