On Demand Webinar
Webinar Details $219
- Webinar Length: 60 Minutes
- Guest Speaker: Mark Wickersham
- Topic: Taxation and Accounting
- Credit: CPE 1.0, ATATX 1.0
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It’s been reported that AI could replace up to 300 million jobs… and accountants and bookkeepers are near the top of the list!
When ChatGPT 3.5 was released to the public in November 2022 it created a huge surge in the development of AI and Large Language Models. The capabilities are extraordinary and the impact on our accounting profession is going to be profound.
Don’t get left behind. This webinar – for the owners of accounting and bookkeeping firms - will show you how to harness ChatGPT and use it to save you hours of time, create efficiencies in your firm and get better results.
Brought to you by Mark Wickersham FCA, Amazon best-selling author of, “Effective Pricing for Accountants” you will discover:
- The 3 things you must use ChatGPT for… this will save you precious hours of time every week
- The 5 pitfalls you must be aware of…
- … and how to avoid the embarrassing story of a professional service firm that may get sued for negligence from an overreliance on ChatGPT
- Why prompt engineering is the new skill you need to master
- How to use ChatGPT to grow your accounting firm
If you own an accounting firm (whether you’re a CPA, Enrolled Agent or bookkeeper) don't miss out on discovering how to be at the forefront of the biggest shake up we are going to see in our profession.
Learning Objectives:
- Understand the specific areas where ChatGPT can be effectively utilized to save significant time for the owners of accounting and bookkeeping firms.
- Identify the potential pitfalls associated with relying on ChatGPT and learn strategies to mitigate risks.
- Recognize the importance of prompt engineering as a new skill required to optimize the usage of ChatGPT in accounting firms.
- Explore how to leverage ChatGPT to create efficiencies within your accounting firm and achieve better results.
- Gain insights into using ChatGPT as a tool for growing your accounting business and staying ahead in the face of the transformative changes brought about by AI.
- Introduction
- What You Will Learn 00:04:26
- Benefits of ChatGPT 00:04:29
- 5 Ways To Save Hours Of Time 00:04:34
- Weaknesses of ChatGPT 00:08:33
- 5 Pitfalls You Must Avoid 00:08:34
- News Article 00:11:26
- 5 Pitfalls You Must Avoid 00:12:01
- Prompt Engineering 00:14:31
- Core Components of an Effective Prompt 00:16:19
- ChatGPT for Accountants And Bookkeeper e-Book 00:22:10
- Practical Use Cases 00:24:45
- Getting Started 00:26:31
- Prompt Example 00:30:00
- How To Analyze Financial Data 00:39:58
- Prompt To Share Ideas With Client 00:47:32
- Different Data Tabs - Excel 00:50:24
- Value-Based Pricing - Communicating The Value 00:52:02
- Attendee Question 00:59:52
- Presentation Closing 01:00:32
- .CSV 00:06:25, 00:43:03
- .XLS 00:43:02
- Artificial Intelligence (AI) 00:00:13, 00:06:47, 00:14:40
- Balance Sheet (BS) 00:51:26
- Cash Flow (CF) 00:55:45
- ChatGPT 00:00:07, 00:01:45, 00:04:42, 00:06:17, 00:07:04, 00:18:36, 00:25:30, 00:30:54, 00:39:20
- Large Language Model (LLM) 00:18:51
- Prompt Engineering 00:14:29, 00:17:16, 00:30:05
- Value-Based Pricing 00:52:02
.CSV: Comma-Separated Value files are text files where each field of data is separated by a comma. This is an effective means to export data from QuickBooks that you, in turn, wish to analyze in Excel.
.XLS: Spreadsheets compatible with Excel 2003 and earlier have a .XLS extension. Such spreadsheets can be used in Excel 2007 and later, but certain features will be disabled unless you convert the document to a newer format, such as .XLSX, .XLSM, or .XLSB.
Artificial Intelligence (AI): Artificial intelligence is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by humans or animals.
Balance Sheet (BS): A financial report that summarizes a company's assets (what it owns), liabilities (what it owes) and owner or shareholder equity at a given time.
Cash Flow (CF): The revenue or expense expected to be generated through business activities (sales, manufacturing, etc.) over a period of time.
ChatGPT: ChatGPT, which stands for Chat Generative Pre-trained Transformer, is a large language model-based chatbot developed by OpenAI and launched on November 30, 2022, notable for enabling users to refine and steer a conversation towards a desired length, format, style, level of detail, and language used.
Large Language Model (LLM): A large language model (LLM) is a deep learning algorithm that can perform a variety of natural language processing (NLP) tasks. Large language models use transformer models and are trained using massive datasets — hence, large. This enables them to recognize, translate, predict, or generate text or other content.
Prompt Engineering: Prompt engineering, primarily used in communication with a text-to-text model, is the process of structuring text that can be interpreted and understood by a generative AI model. Prompt engineering is enabled by in-context learning, defined as a model's ability to temporarily learn from prompts
Value-Based Pricing: Value-based price is a pricing strategy which sets prices primarily, but not exclusively, according to the perceived or estimated value of a product or service to the customer rather than according to the cost of the product or historical prices.
