ChatGPT and the Future of Accounting: How to Harness the Power of AI

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
All Access Membership

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.
  1. Introduction
  2. What You Will Learn 00:04:26
  3. Benefits of ChatGPT 00:04:29
  4. 5 Ways To Save Hours Of Time 00:04:34
  5. Weaknesses of ChatGPT 00:08:33
  6. 5 Pitfalls You Must Avoid 00:08:34
  7. News Article 00:11:26
  8. 5 Pitfalls You Must Avoid 00:12:01
  9. Prompt Engineering 00:14:31
  10. Core Components of an Effective Prompt 00:16:19
  11. ChatGPT for Accountants And Bookkeeper e-Book 00:22:10
  12. Practical Use Cases 00:24:45
  13. Getting Started 00:26:31
  14. Prompt Example 00:30:00
  15. How To Analyze Financial Data 00:39:58
  16. Prompt To Share Ideas With Client 00:47:32
  17. Different Data Tabs - Excel 00:50:24
  18. Value-Based Pricing - Communicating The Value 00:52:02
  19. Attendee Question 00:59:52
  20. 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.


Guest Speaker

  • Mark Wickersham

Webinar Survey Overall Rating

This webinar received a total of 19 survey responses. Attendees have given an average rating of 4.8 stars out of a possible 5, reflecting the quality and value of the content presented.

Average rating

4.8 / 5
Webinar Presentation
How many of the objectives of the event were met?
4.8 Stars
How useful was the information presented at this event?
4.8 Stars
Overall, how satisfied were you with this event?
4.7 Stars
Speaker Performance
Overall, how satisfied were you with this presenter?
4.9 Stars
How closely did the presenter follow the schedule?
4.7 Stars

Reviews From Webinar Survey

Our webinars are crafted to deliver exceptional value and insight to business professionals. To ensure we meet and exceed your expectations, we conduct thorough post live webinar surveys. Below, you'll find genuine feedback from attendees, sharing their thoughts on the event and the speaker's performance. These reviews highlight our commitment to continuous improvement and excellence in providing top-tier educational experiences.

Patricia N.
June 13, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
Do you have any other comments, questions or concerns?
The presenter was very knowledgeable and enjoyable.

Fang Z.
June 13, 2024
4.4 / 5
Webinar Rating:
4.7 Stars
Speaker Rating:
4.0 Stars
Do you have any other comments, questions or concerns?
no comment

Disa W.
June 13, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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Relevant timely information. Thanks Aurora for staying on top of current tech.

Teri S.
June 13, 2024
4.6 / 5
Webinar Rating:
4.7 Stars
Speaker Rating:
4.5 Stars
Do you have any other comments, questions or concerns?
The presenter was one of the best ones I have heard on Aurora platform.

Muh-ing L.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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Very useful information. Excellent presentation. I would like to see more of the similar classes related to using ChatGPT or from the same instructor.

Chris M.
June 12, 2024
4.6 / 5
Webinar Rating:
4.3 Stars
Speaker Rating:
5.0 Stars
Do you have any other comments, questions or concerns?
I believe additional time to dig into how to write prompts would have been helpful. The time allowed was still useful.

Angela A.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
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5.0 Stars
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this was helpful information

Kevin M.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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I would like to see a course on how to feed data to AI to develop comparisons. "AI Visuals For Accountants" would be awesome!

Amanda S.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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Very enjoyable training! Loved the instructor and valuable tips!

Kelley H.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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Good presentation. Very informative.

Stacy O.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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no comment

Michael D.
June 12, 2024
4.6 / 5
Webinar Rating:
4.7 Stars
Speaker Rating:
4.5 Stars
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not a topic that can be covered in 1 hour

Sherry C.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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VERY interesting topic on a whole new frontier. It's helpful to see how AI can add value to the accounting field rather than replace it. The handouts are great tools as well.

Marita K.
June 12, 2024
4.0 / 5
Webinar Rating:
4.0 Stars
Speaker Rating:
4.0 Stars
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we have yet to explore ChatGPT

Carmen Y.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
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5.0 Stars
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Great presentation with useful info

Ann B.
June 12, 2024
4.4 / 5
Webinar Rating:
4.0 Stars
Speaker Rating:
5.0 Stars
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Could be longer or split into even one more session

Nadejda T.
June 12, 2024
4.4 / 5
Webinar Rating:
4.3 Stars
Speaker Rating:
4.5 Stars
Do you have any other comments, questions or concerns?
I am very-very satisfied of this event. There were showed many applicable situations and examples that are not really provided in other events related to the accounting that are really supposed to be

Becky T.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
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Excellent!

George J.
June 12, 2024
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
Do you have any other comments, questions or concerns?
The first poll question asked about having a course on financial statements. That would be great.Other than that, this course was good.

CPE Credit

Continuing Professional Education

Aurora Training Advantage 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: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or training@auroratrainingadvantage.com.

You must answer all questions during the webinar, view the recording completely and pass the test at the end with 70% correct answers to receive CPE credit.

ATATX Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.