Archives for accounting

27 Aug

Can A Chartered Accountant Become Data Scientist?

Changing careers can be a daunting experience, especially when transitioning to a complex field like data science. However, it is believed that finance seems to be a perfect fit for data science, especially for the ones working with numbers, like accountants. Accounting has mainly been the field of analysing business transactions and thus requires analytical…

The post Can A Chartered Accountant Become Data Scientist? appeared first on Analytics India Magazine.

11 Feb

The Power Of Benford’s Law In Detecting Financial Fraud

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image-2567

Benford’s Law is one of the concepts which is used almost daily but goes unnoticed. Not many people know that the law, originally discovered way back in 1881, is a very powerful measure of fraud detection in today’s world. Discovery of Benford’s Law The discovery of this law has a very interesting story and dates…

The post The Power Of Benford’s Law In Detecting Financial Fraud appeared first on Analytics India Magazine.

11 Feb

The Power Of Benford’s Law In Detecting Financial Fraud

image-2568
image-2568

Benford’s Law is one of the concepts which is used almost daily but goes unnoticed. Not many people know that the law, originally discovered way back in 1881, is a very powerful measure of fraud detection in today’s world. Discovery of Benford’s Law The discovery of this law has a very interesting story and dates…

The post The Power Of Benford’s Law In Detecting Financial Fraud appeared first on Analytics India Magazine.