PYTHON FOR FINANCE: A COMPLETE GUIDE:

So, are you also new to this fancy term "Python Programming?" and wondering whether a person from a Commerce Background like CA, CS, MBA, or B Com has something to do with this Python or Not?

So, you have come to the right place. So, Let's walk you through all the doubts that a beginner might have when he is venturing into this new world.

Q1: What is Python?

So, it is basically a Programming Language (okay too tough??) So, it is just a Language understood by Computer using which we can give any instructions to the Computer (Basically through Coding)

And this act of giving instruction and getting work Done is also known as “AUTOMATION”. So, technically, Python helps you in getting things Automated.

Q2: Okay, So why are we focussing on Learning Coding for Finance People?

As mentioned above, using Python we can give instructions to the Computer to perform the tasks which we would normally perform manually. Hence, it helps us to:

• Save Time
• Reduce Error
• Better Review of Work
• Eliminate Monotonous Task
• Focus More on Productive Work

Q3: What types of Instructions can we give using Python?

So, to answer that, “Basically, we can instruct the computer to do anything that we do by using the Keyboard, Mouse, and Apps in the Computer”

To give some Basic Use Cases:

• We want to download some files from some Websites, make 100 folders with certain names, and then copy all those files into that respective folder based on the folder names.
• We want the computer to open the GSTR-1 JSON of each month and convert it to an Excel File and compile all those in one single sheet
• Sending Emails to multiple people with different Subjects and Separate Excel Sheets
• Reading all Gmail emails and sending Auto replies
• Pulling data from any database and making reports as required

So, the list can be as long as we want, hence to sum up, Python is capable of performing any tasks which we would normally do on Computers.

Q4: Is it really that easy to Start Giving Instructions to Computers?

Well, the Short answer is “YES”. Once you know the Basics of Python Language (Like A, B, C, D..and the grammar right), you can basically write any kind of instructions to the Computer and get your work Done.

Q5: How long will it take to learn those Grammars and ABCD?

To get started, you can Start with a basic Python Tutorial (available on youtube), do the Installation, and learn the Basics first. This should take you approximately 3-4 hours to get the wheels moving.

(To help you with this, we have a small Playlist of Video where in we have covered the Python Basics specifically designed for Finance Professionals)

[Editorial YouTube video omitted here — requires manual embed; see migration log for the link.]

Q6: In case you are interested, you might wonder, What is the Cost of using Python?

Here's the Good News! Python is an open-source library and is completely free to Use. You just need to learn some basic syntaxes and you are good to go.