Predictive Accounting

Transform historical accounting data into forward-looking insight by applying statistical modeling and artificial intelligence techniques. This course contrasts traditional reporting with predictive methods, including time series forecasting, machine learning, and scenario analysis. You will apply these tools to practical tasks such as forecasting bad debts, detecting fraud, and improving budgeting through rolling forecasts and ERP integration. The course also addresses data quality, ethical considerations, and the effective communication of predictive results.
Format

PDF Course

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Duration

3 Hours

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Course Information

Author: Steven Bragg
Course Number: AC1179

Learning Objectives
  • Recognize the trends causing the shift to predictive accounting.
  • Recall the components needed for training a prediction model.
  • Recognize which metrics are forecasted using predictive accounting.
  • Specify the accuracy assessment methods used by predictive models.
  • Recall the features of predictive accounting systems.
  • Recognize how a time-series forecasting model is used.
  • Recall the risks associated with using predictive models.
  • Recognize the software functionality that supports predictive accounting.
  • Specify the role of data normalization in predictive accounting.
  • Recall how forecasted sales accuracy can be improved.
  • Recognize how supervised learning can support predictive accounting.
  • Recall the ethical considerations related to the use of predictive accounting.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: August 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.