ChatGPT and the ELI5 Approach for Accounting Professionals 2.5 CPE

This course provides a comprehensive overview of the ELI5 (Explain Like I'm 5) approach and its application in the accounting profession using ChatGPT, an advanced language model. Discover how to simplify complex financial information and tax regulations using this innovative approach. Explore how practitioners can effectively communicate intricate topics to their clients to add value and build trust. You’ll walk away with a foundational understanding of the ELI5 approach and how to use ChatGPT to improve your communication strategies.

Topics covered:

• Understanding the ELI5 Approach
• 60 Variations of the ELI5 Method
• Application of the ELI5 Approach in Accounting
• ELI5 Case Studies
• Strategies for Implementing the ELI5 Approach
• Using ChatGPT to Enhance ELI5 Communication
• Role of Accountants in Leveraging the ELI5 Approach

This course is designed for accounting and related financial professionals who frequently handle complex financial information and want to learn how to simplify their communication for clients and stakeholders using the ELI5 approach and ChatGPT.

Prerequisites

Participants should have a basic understanding of accounting principles and concepts. Familiarity with natural language processing or artificial intelligence is not required, but could be helpful.

Learning Objective

• Explore and analyze the ELI5 approach and its impact on client communication.
• Identify and understand the capabilities of ChatGPT.
• Explore and explain how to apply the ELI5 approach to complex accounting topics.
• Discover and review real-life examples of successful ELI5 communication in accounting.
• Discover and develop effective strategies for implementing the ELI5 approach using ChatGPT.
• Explore the evolving role of accountants in simplifying complex information.

Last updated/reviewed: March 25, 2024