ChatGPT and AI for Accountants: A practitioner's guide to harnessing the power of GenAI to revolutionize your accounting practice - Softcover

Dr. Scott Dell; Dr. Mfon Akpan

Softcover

ISBN 10: 1835466532 ISBN 13: 9781835466537

Publisher: Packt Publishing, 2024

Synopsis

Elevate your accounting skills by applying ChatGPT across audit, tax, consulting, and beyond

Key Features

• Leverage the impact of AI on modern accounting, from audits to corporate governance
• Use ChatGPT to streamline your accounting tasks with practical hands-on techniques
• Understand the impact of AI in accounting through in-depth chapters covering various domains, including ethical considerations and data analytics
• Purchase of the print or Kindle book includes a free PDF eBook

Book Description

In the fast-paced AI world, accounting professionals are increasingly challenged by the complexities of AI. Many struggle to integrate these advanced tools into their workflows, leading to a sense of overwhelm. ChatGPT for Accounting bridges this gap by not only simplifying AI concepts but also offering practical insights for its application in various accounting domains.

This book takes you from the foundational principles of Generative Artificial Intelligence (GAI) to its practical applications in audits, tax planning, practice management, fraud examination, financial analysis, and beyond. Each chapter equips you with essential skills, showing you how AI can revolutionize internal control systems, enhance recruitment processes, streamline marketing plans, optimize tax strategies, and boost efficiency in audits. You’ll then advance to exploring the role of AI in forensic accounting, financial analysis, managerial accounting, and corporate governance, while also addressing ethical and security implications.

Concluding with a reflective outlook on the promises and challenges of AI, you’ll gain a holistic view of the future of accounting. By the end of this book, you’ll be equipped with the knowledge to harness the power of AI effectively and ethically, transforming your accounting practice and staying ahead in the ever-evolving landscape.

What you will learn

• Understand the fundamentals of AI and its impact on the accounting sector
• Grasp how AI streamlines and enhances the auditing process for high accuracy
• Uncover the potential of AI in simplifying tax processes and ensuring compliance
• Get to grips with using AI to identify discrepancies and prevent financial fraud
• Master the art of AI-powered data analytics for informed decision-making
• Gain insights into seamlessly integrating AI tools within existing accounting systems
• Stay ahead in the evolving landscape of AI-led accounting tools and practices

Who this book is for

Whether you're a seasoned accounting professional, a C-suite executive, a business owner, an accounting educator, a student of accounting, or a technology enthusiast, this book provides the knowledge and insights you need to navigate the changing landscape in applying GAI technology to make a difference in all you do. An appreciation and understanding of the accounting process and concepts will be beneficial.

Table of Contents

1. Generative Artificial Intelligence (GAI) in Accounting
2. Enhancing Practice Management Using This Technology
3. Applying AI in the Tax Realm
4. Enhancing Audits with AI
5. Integrating AI with Fraud Examination and Forensic Accounting
6. Turbocharging Financial Analysis and Projection
7. Advancing Managerial Accounting with AI
8. Accounting Information Systems (AIS) through the AI Lens
9. AI-Driven Data Analytics: Using Data Visualization Tools and Dashboards
10. Ethical and Secure AI Implications
11. Revolutionizing Corporate Governance with AI
12. GPT Store Feature in ChatGPT
13. Overcoming Resistance and Embracing Change
14. Lifelong Learning in the Age of AI
15. The Future is Now – Integrating AI into Accounting

About this title

About the Author

Dr. Scott Dell is a licensed CPA, insightful Wharton MBA, talented Big 4 and second-tier firm alumnus, award-winning full-time academic, successful entrepreneur, passionate career educator, proud Navy veteran, and well-respected authority and keynote speaker on GAI, including ChatGPT and ChatGPT 4o. Dr. Dell has also been a tech consultant and advocate for over 30 years. Please allow him to inspire you to apply and take advantage of the latest technologies. His knowledge and experience with ChatGPT will propel you to major success in applying and using this powerful technology.

Dr. Mfon Akpan is Assistant Professor of Accounting at Methodist University, USA. He has a passion for emerging technologies and is an expert in virtual reality technology, researching new technologies and educational methods to offer students a current, effective, and relative teaching experience.

Edition details

• Publisher: Packt Publishing
• Publication date: 2024
• ISBN 10: 1835466532
• ISBN 13: 9781835466537
• Binding: Paperback
• Language: English
• Number of pages: 278