ACCOUNTING FOUNDATIONS FOR NEXT-GEN AP
- Overview of accounting systems and how AI integrates with AP workflows
- Double-entry bookkeeping and implications for AP automation
- How cost/managerial accounting interacts with AP decisions
- Ensuring accuracy in digital environments
- Strengthening internal controls in AI-supported AP processes
FINANCIAL STATEMENTS & THE ROLE OF AP
- Purpose and structure of core financial statements
- Deep dive into liabilities and their impact on financial health
- How AP influences cash flow, profitability, and liquidity ratios
- Automation of AP-related financial statement updates
- Linking AP insights to strategic decision-making
THE MODERN ACCOUNTING CYCLE WITH AUTOMATION
- End-to-end accounting cycle with AI-assisted steps
- Ledger structure and digital ledger technologies
- Understanding accounts and mastering debits/credits in AP systems
- Recording and posting transactions using AP automation tools
- Trial balance automation and error detection using AI
NEXT-GEN ACCOUNTS PAYABLE MANAGEMENT
- Understanding liabilities in a digital and automated environment
- Distinguishing short-term vs. long-term obligations
- Smart estimation of liabilities using predictive analytics
- AP fraud prevention using automation and anomaly detection
- Managing vendor risks through AI-enabled analysis
- Best practices for governance and internal controls in AP
- Eliminating duplicate invoices, identifying exceptions, and workflow optimization
ACCRUALS & DEFERRALS IN THE AGE OF AUTOMATION
- Adjusting entries for expenses and payables
- Ensuring accuracy through automated matching (2-way / 3-way match)
- AI-enhanced monitoring of accruals
- Preparing automated adjusted trial balances
- Using AP data for improved financial forecasting
REPORTING PAYABLES WITH AI & ANALYTICS
- Creating AP reports using automation tools
- Aging analysis and smart alerts for overdue payables
- Integration between AP sub-ledger and general ledger
- AI-driven recommendations for managing aged payables
- Automated period-end closing for AP
- Building AP dashboards and visual financial insights
