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. Technology is moving forward at an incredible pace and using programmes like Excel to their full potential is vital if you want to stay relevant in this new digital era.

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 more accurately predict the likelihood of certain business outcomes. You’ll also touch on the various issues you might discover and then how to test explanations or hypotheses that you come up with.

This course will enable you to:

  • cover the basics of probability in Excel
  • use statistics to summarise and describe data you’re working with
  • accurately predict the likelihood of business outcomes
  • learn how to use pivot tables, COUNTIF and HYPGEOM.DIST to count probability 
  • use Excel tools to select samples, calculate confidence and estimate a population size
  • test explanations or hypotheses you come up with using Excel.

Course author: Paula Guilfoyle

Paula Guilfoyle is a member of the Institute of Certified Public Accountants in Ireland. She 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. Paula has given many talks and presentations in the areas of Excel, spreadsheet use, PowerBI and business intelligence, and has published many articles on the same subjects.

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Disclaimer: This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party suppliers