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Live CPE Webinar

4 Hidden Costs of Manual Prepaid & Accrual Accounting

Calendar IconWednesday
January 8, 2025		 Clock Icon1:00 P.M. EST
Level
Basic		 Subject
Accounting
 Cost
Free		 CPE Credits
1.00 hour

Learning Objectives

  • Identify the four key hidden costs associated with manual prepaid and accrual accounting and apply these to your current processes.
  • Explore how manual processes contribute to increased audit scrutiny, higher audit costs, and an elevated organizational risk premium.
  • Evaluate the opportunity cost of dedicating skilled accountant time to manual prepaid and accrual tasks instead of higher-value activities.
  • Understand the potential financial repercussions of undetected errors in manually managed prepaid and accrued expenses.

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Meet the Speaker

Jaron Moss

Course Description

Many accounting teams still rely on manual spreadsheets for managing prepaid assets and accrued liability balances, viewing them as a simple and available solution. This webinar will expose the hidden costs associated with manual prepaid and accrual accounting. We’ll explain how reliance on spreadsheets leads to increased labor hours and stress during close, higher audit scrutiny and corresponding higher audit fees, misallocation of skilled accountant time, and the potential financial impact of undetected errors. Discover why investing in an automated solution is a strategic move to improve efficiency, bolster internal controls, and empower your accounting team.
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What Covered

CPE Details

Details

Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: Online
Recommended CPE Credit: 1.00 Hour
Field of Study: Accounting

Who Should Attend

Accountants, Accounting Managers, Controllers, CFOs, and any other Finance Professionals involved in the prepaid and accrual expenses management for the organization. Accounting firms assisting clients with their prepaid and accrual expense management and reconciliation.

Sponsor Statement

FinQuery, LLC 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 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: NASBAregistry.org. For more information regarding administrative policies such as complaints, please contact CPEinfo@finquery.com.

Program Cancellation Policy

If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.