Course Description

During this webinar, we will begin by revisiting the fundamental principles and current processes of both prepaid and accrual accounting, ensuring a solid foundation for all participants. Our accounting expert will then discuss the critical challenges and inefficiencies associated with manual accounting approaches, highlighting the potential for errors, delays, and compliance risks. Finally, we will explore the transformative benefits of prepaid and accrual accounting automation, demonstrating how technology can streamline workflows, improve accuracy, and ultimately lead to a more successful and less stressful post-audit experience.

Learning Objectives

• Analyze and articulate the core principles and current operational processes of both prepaid and accrual accounting, identifying areas for potential improvement within their organizations.
• Evaluate the significant risks and inefficiencies inherent in manual prepaid and accrual accounting methods, understanding their impact on financial accuracy, reporting timelines, and audit preparedness.
• Identify and assess the key functionalities and benefits of prepaid and accrual automation solutions, recognizing how these technologies can mitigate manual process downfalls and contribute to a more streamlined and successful post-audit outcome.

Prerequisites

• None

Who Should Attend

This comprehensive webinar is designed for accounting and finance professionals seeking to enhance their understanding and management of prepaid and accrual accounting.