Data visualization skills are in high demand in the accounting and finance profession. The ability to use data visualization to explore data and communicate findings is increasingly important in a data driven business world. Accounting and finance professionals must generate and deliver insights from data to inform business decisions and leverage data visualization tools and techniques to support value delivery. Further, accounting and finance professionals are expected to be educated consumers of data visualizations.
This Statement on Management Accounting by Ann Dzuranin, CPA, Ph.D., covers the data visualization skills needed for accountants and finance professionals to be successful. Specifically, the SMA discusses explanatory and exploratory data visualization, how to create an effective visualization, and how to tell a story with your data. The SMA concludes with a discussion of ethics and data visualization, highlighting the importance of being able to identify misleading visualizations.
Other IMA resources on this topic include:
- Strategic Finance article: Storytelling with Data Visualization
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