2019 CPA hacks: Data-driven financial analysis

Join this hackathon and challenge yourself to harness data and technology to disrupt traditional financial analysis. Gather with diverse and innovative professionals and students. Work in teams and win cash for creative ideas.

Event Details

Location and date:
Toronto September 13, 2019 - 6:30 p.m. - 10 p.m. EST
Toronto September 14, 2019 - 8 a.m. - 7:30 p.m. EST

Embracing data-driven financial analysis

CPAs offer a strong set of accounting and financial statement analysis skills required for today's complex and evolving business environment. Financial statements are the universal reporting tools which investors, banks, and other professionals use to evaluate a business. However, stakeholders are increasingly relying on non-traditional data, alongside environmental, social and governance (ESG) information to monitor and evaluate businesses, often in real-time. Therefore, traditional approaches to financial statement analysis must evolve to meet the expanding needs of these data-driven stakeholders.

Challenge statement

Develop and build an idea that incorporates both financial information and non-traditional data (e.g. customer reviews, social media sentiments, logistics data, climate impact, etc.) for investors and other stakeholders to evaluate and predict business performance.

Explore the possibilities below or come up with your own idea

Is there a correlation between the number of customer complaints recorded by the U.S. Consumer Financial Protection Bureau (CFPB) and sales malpractice by financial institutions? And if so, how could this be included in the assessment of business performance? Interestingly enough, according to the CFPB data on consumer complaints, Wells Fargo has one of the highest number of complaints by consumers.

Airline price data can be collected from the web, alongside flight schedules. How could this information be used to forecast airline revenues?

U.S. government procurement data is recorded by USAspending.gov and it includes information around defense contracts awarded to corporations. Are there correlations to the number and value of contracts awarded and the political party in power? Is this impacted by whether it is an election year? How do we build a model that can predict which corporations may perform better under certain governments and time periods?

Note: CPA Canada’s partnership with ThinkData Works provides access to their platform for working with certain open data sets which are accessible through their APIs. They will also provide in-person support for their platform during the event. However, participants are not required nor limited to the data sets available on the platform when developing their ideas.

When is it?

September 13, 2019 (6:30 pm) to September 14, 2019 (7:30 pm)
Location:

Are you up for the challenge?

Assemble your team of four to six individuals, develop a solution, and present it to a panel of judges for a chance to win one of two cash prizes.

Don't have a team? Don't worry! We'll match you up with other participants.

  • registration is limited
  • a chance to win one of two cash prizes:
    • 1st Place Team: $3,500
    • Runner-up Team: $1,500

Prize amounts will be split equally between all members of that team.

Why join?

  • work together with others
  • connect with other professionals
  • learn new skills
  • tackle real-world problems while having fun
  • free food!

View the agenda

Additional options and pricing may be available. See pricing and registration for more details.



$15

Who should attend?

  • CPAs
  • data scientists
  • creative designers, developers, and engineers
  • early-career professionals and students 18 years and older

More Details:

Session Descriptions
Venue[s] and Accommodation[s]

Venue[s]:

DevHub Toronto
662 King Street West, Toronto, ON M5V 2H8R


DevHub Toronto
662 King Street West, Toronto, ON M5V 2H8R


Frequently asked questions:

Who can participate in CPA Hacks?

CPA Hacks is open to all Canadian residents who are the legal age of majority in their province of residence

Who owns the ideas, outputs and solutions at the end of the hackathon?

All outputs of the hackathon continue to belong to the participants after the hackathon.

How many people can be on one team?

Teams must be made up of 4 to 6 people. Each participant can only be on one team.

How can I form a team for CPA Hacks?

Once you have registered, instructions will be provided for how you can indicate other members on your team. Note: all members must also register before your team can be confirmed.

If you are registering individually, we will try our best to match you with other participants.

Where can I stay aside from the venue?

For out of town guests, the following hotels are within a short distance of the venue:

  • - (866) 238-4218
    92 Peter Street, Toronto, ON, M5V 2GH
  • - (416) 581-1800
    255 Wellington St W, Toronto, M5V 3P9
  • - (416) 599-8800
    318 Wellington St W, Toronto M5V 3T4
  • - (416) 493-2786
    335 Queen St W, Toronto M5V 2A1

What happens if I'm put on the waitlist?

If the event is full, you will receive an email indicating that you have been put on the waitlist. If space opens up, you will receive an email notification indicating that you can complete your registration for the hackathon. If you do not receive an email, the hackathon is still full.

Don't see your question here?

Email [email protected].

Contacts

Please contact:

Michael Wong, CPA, CA, Principal
Email: [email protected]