Price range: $87.00 through $107.00
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 Secure Transaction CPE Credits
3 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
This course explores how accountants can use financial data, statistical modeling, and artificial intelligence to forecast future outcomes and guide strategic decision-making. It contrasts historical accounting with predictive methods, emphasizing tools like time series forecasting, machine learning, and scenario analysis. Predictive Accounting also covers practical applications such as predicting bad debts, detecting fraud, and improving budgeting through rolling forecasts and ERP integration. Additionally, it addresses the importance of data quality, ethical considerations, and effective communication of predictive insights to stakeholders.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS125447209
October 3, 2025
There are no prerequisites.
None
75
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
