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Predictive Accounting by Bragg, Steven M.

Predictive Accounting

by Steven M. Bragg
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Book cover type: Paperback
  • ISBN13: 9781642213362
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Accountingtools, Inc.
  • Publisher Imprint: Accountingtools, Inc.
  • Publication Date:
  • Pages: 64
  • Original Price: GBP 9.54
  • Language: English
  • Edition: N/A
  • Item Weight: 127 grams
  • BISAC Subject(s): Accounting / General

Predictive Accounting 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. It 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.

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