Accounting and Financial Data Analysis Data Mining Tools

Abstract

Computerized accounting systems in recent years have seen an increase in complexity due to thecompetitive economic environment but with the help of data analysis solutions such as OLAP and DataMining can be a multidimensional data analysis, can detect the fraud and can discover knowledge hidden indata, ensuring such information is useful for decision making within the organization. In the literature thereare many definitions for data mining but all boils down to same idea: the process takes place to extract newinformation from large data collections, information without the aid of data mining tools would be verydifficult to obtain. Information obtained by data mining process has the advantage that only respond to thequestion of what happens but at the same time argue and show why certain things are happening. In this paperwe wish to present advanced techniques for analysis and exploitation of data stored in a multidimensionaldatabase.

Keywords

• knowledge discovery in data base
• multidimensional analysis
• data mining tools