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Written by experts who have trained global audiences in finance and designed real-life solutions, this book provides exactly what financial decision-makers need: a survival kit for disruptive times.
The increasing use of AI has posed challenges and brought benefits at organizational and individual levels. However, financial decision-makers are often not equipped with the necessary skills and may even feel threatened by the speed at which AI is automating the decision-making process. Taking a balanced view encompassing applications from operations, finance, and risk management, this book does not aim to turn finance experts into coders but to clearly connect AI and ML tools to specific business issues. This will help financial decision-makers actively engage with projects involving the implementation of ML tools in their organizations. Beyond simple ML tool identification, the book goes one step further and provides representative codes that the reader can use by tweaking information to make it relevant to their own situation. To keep up with the rapid developments in AI and ML, the book is accompanied by a website where tools and codes will be regularly updated as standards change.
Anyone involved in financial decision-making will find this book to be an invaluable resource, whether CFO, finance director, management accountant, budget officer, auditor, strategic planner, or early career professional.
List of contents
Chapter 1: Introduction.
Chapter 2: Financial Forecasting and Budgeting.
Chapter 3: Cost Management and Optimization.
Chapter 4: Performance Measurement and Management.
Chapter 5: Strategic Planning and Decision Support.
Chapter 6: Inventory and Supply Chain Management.
Chapter 7: Capital Budgeting and Investment Analysis.
Chapter 8: Customer Profitability and Segmentation.
Chapter 9: Risk Management and Compliance.
Chapter 10: Conclusion
About the author
Arif Ahmed, ACMA (CIMA), CGMA (CIMA-AICPA),
is a chartered accountant from the UK and India. He holds an MBA and a doctorate in finance. His professional certifications include one on artificial intelligence. Arif has served as a member of the Sustainability Reporting Standards Board and Expert Advisory Committee of the Institute of Chartered Accountants of India. He has over 35 years of consulting and training experience.
Veena Hingarh, ACMA (CIMA), CGMA (CIMA-AICPA),
is a chartered accountant from the UK and India. She also holds an MSc and a professional certificate in artificial intelligence, and is a company secretary from India. She has served on the boards of listed companies as an independent director and has been on the Expert Advisory Committee of the Institute of Chartered Accountants of India. Veena has over 25 years of training and consulting experience.
Arnaaz Ahmed, ACMA (CIMA), CGMA (CIMA-AICPA). She also holds an MSc in international accounting and finance from Heriot-Watt University, Edinburgh. She holds a professional certificate in IFRS and is currently pursuing her doctoral studies. Arnaaz enjoys creating codes to solve financial problems.
