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

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