How to use Chat GPT in your accounting job! What are the limitations of Chat GPT?

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  • čas přidán 8. 09. 2024
  • I go through my initial impression of chat gpt and discuss where i think it could help elevate peoples roles and also what it's limitations are.
    Every Excel Formula You will Need [to audit/finance analyst] - www.buymeacoff...
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    Financial Statement Template File [Small Company] -
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Komentáře • 31

  • @mollymolly9447
    @mollymolly9447 Před rokem +2

    The integration with Excel is really a game changer. I am super excited for this

    • @lyne5137
      @lyne5137 Před rokem

      u have a tutorial for that please ?

  • @youriwatson
    @youriwatson Před rokem +5

    You can already let it make graphs for you indirectly, since it can provide you with code. For example, you could ask it for python code to plot the revenue per year or something, and then you could put that generated code into a code interpreter like jupyter notebook

  • @Vexzun
    @Vexzun Před rokem

    Paul don’t STOP making videos please.

  • @29_lets_go
    @29_lets_go Před rokem +3

    I'm very excited about this new tool and what leads after it. I don't think many jobs are at risk because, as you mentioned, many people aren't knowledgeable in accounting and it still requires human interaction and changes. However, accounting can look different... Assuming accounting is completely taken over in our lifetime in a mass quantity, I'm luckily handy and I'll be first in line doing electrical and plumbing lol.

  • @mylesanthony8672
    @mylesanthony8672 Před rokem

    Thanks for sitting down and chatting with us - I’m fascinated to see how this tech will influence Audit. It’s one breakthrough away from openly accessible large scale PDF reading and comprehension.
    Considering most of the work I do is template oriented, one would imagine, even in its current state, that it could learn and decipher, pulling out relevant audit risk info of say meeting minutes of a board and explaining why your accounts don’t reconcile.
    Exciting and also considerably terrifying for accountants.

    • @mylesanthony8672
      @mylesanthony8672 Před rokem

      At 10:33 you address the next hurdle to gpt and accounting quite well

  • @theepicologist8811
    @theepicologist8811 Před rokem +9

    Dam long time no see mate

  • @qprisaac1608
    @qprisaac1608 Před rokem

    need Paul to keep making videos i cant lie

  • @psytek1978
    @psytek1978 Před rokem +3

    You can train your model in order to fit your business but this is at the moment very expansive. Also try to use different prompt engineering like " act as an expert in producing..."

  • @lynnw7618
    @lynnw7618 Před rokem

    Incredible! A. Using this now.

  • @cortneyforrest6239
    @cortneyforrest6239 Před rokem

    Super exciting and addicting!

  • @mohamedeassa
    @mohamedeassa Před rokem +3

    Interesting topic

  • @demidai-xy7fw
    @demidai-xy7fw Před rokem

    When you typed please and i laughed as well😂😂😂

  • @tomstanely
    @tomstanely Před 7 měsíci

    It can give you excel formulas and VBA codes too

  • @ceciliaquirogah.8017
    @ceciliaquirogah.8017 Před rokem

    Great!! Thanks!!

  • @garyrcarvalho8597
    @garyrcarvalho8597 Před rokem +1

    How does the big 4 plan on using this platform and will create a new wave of jobs or kill existing work force at big 4

  • @CarlosMoran-qp5ww
    @CarlosMoran-qp5ww Před měsícem

    Do you think AI will take over financial jobs ?

  • @mrfireclaw
    @mrfireclaw Před rokem +1

    Hey like your video I also wanted to put my toothbrush on there about an AI and the 3 laws of robotics that we should have it in all systems now and have it integrated up as far as the rest of it is what you were saying is this is only stage 3rd or 3 point for it's still needs a little work but you can see where this is going and I got a question when's the last time you had You're horse-and-buggy service Think about it

  • @aaiabhi1983
    @aaiabhi1983 Před rokem

    How can i learn this thing for account and finance

  • @Unknown-pt7xe
    @Unknown-pt7xe Před 7 měsíci

    Jeez, wait till this guy finds out about the dishwasher.

  • @elvinzeynalov9519
    @elvinzeynalov9519 Před rokem

    i think commercial people still need to have advice from finance guyS how to behave with Chatgbt

  • @farooqkhan9260
    @farooqkhan9260 Před rokem

    I love you.

  • @init-rc7gc
    @init-rc7gc Před rokem

    And ive just started studying accounting just my bloody luck

  • @FrankSzalai
    @FrankSzalai Před rokem +3

    The program makes silly mistakes, a simple compound interest calculation can be messed up by ChatGPT and if you don't pay attention, you can be unpleasantly surprised. Also, some of the "wisdom" and the related links are fake, untrue and just made up. I am not saying the program is bad, it's doing what it was designed to do, but you have to be very careful about the answers you get out of this platform.

    • @SPFboy86
      @SPFboy86 Před 7 měsíci +1

      Lucky for us. If the answers were absolutely correct and useful for the users of the FS, we would be in big trouble. :)

  • @jd0879
    @jd0879 Před 7 měsíci

    Some things it’s good for but some things it’s really really bad

  • @tabithaperry8305
    @tabithaperry8305 Před rokem

    "Promosm"

  • @fitcitta249
    @fitcitta249 Před rokem +1

    People will lose their jobs… better level up