A Deeper Look at ChatGPT & AI Applications in Finance and Accounting

Description

In the rapidly evolving world of finance and accounting, staying ahead with the latest technological advancements is crucial. This timely and practical workshop is designed to provide accounting and finance professionals with an in-depth understanding of how AI and ChatGPT can revolutionize financial analysis, reporting, and decision-making processes. It is tailored for those who are new to AI and those who are already familiar with the basics of AI and are looking to leverage ChatGPT's advanced capabilities in their professional roles.

Programme Outline

• Introduction to Advanced ChatGPT Features: Exploring the capabilities and limitations of ChatGPT in financial contexts
• Financial Data Analysis and Reporting: Using ChatGPT for financial statement analysis and generating insightful reports
• Investment Strategies: Leveraging ChatGPT in due diligence, investment analysis, and strategy formulation
• Risk Assessment in Financial Decision Making: Crafting complex prompts for comprehensive risk analysis
• Regulatory Compliance and Ethics: Understanding the use of ChatGPT in navigating regulatory changes and ethical considerations
• Interactive Problem-Solving Workshop: Engaging in time-bound challenges to apply ChatGPT in solving real-world financial problems

Key takeaways

Participants will walk away with:

• Proficiency in utilizing ChatGPT for advanced financial analysis and reporting
• Skills to craft effective prompts to extract precise and valuable information from AI
• Practical experience in applying ChatGPT in various financial scenarios, including risk assessment and investment strategy
• Insight into the ethical use of AI in finance and an understanding of future AI trends

This workshop includes interactive sessions, practical exercises, and a Q&A segment.

This workshop qualifies for 7.0 CPE hours in Information Technology (Category 5).

 

What you will learn

• Understand the advanced functionalities of ChatGPT and its applications in finance and accounting
• Master the art of prompt engineering for complex financial queries
• Learn practical applications of ChatGPT in financial reporting, data analysis, risk assessment, and more
• Enhance decision-making skills by integrating AI tools into everyday financial tasks

Laptop Requirements

Participants may bring along their laptops for this session to try out the various features to gain practical insights and understanding. The laptop will simply need to be able to access internet.

For participants without laptops, you will still be able to gain an appreciation on how your work can be impacted by emerging technologies.

Target Audience

Accounting and finance professionals who wish to learn, understand and apply the use of ChatGPT and AI in their professional work

Expert Speaker

Dr Lim Thou Tin

Dr. Lim is a business graduate from the NUS. He holds double masters in information systems and knowledge management with further postgraduate qualifications in systems analysis, intelligent systems, marketing, management consulting and training. He has a doctorate of business administration from Southern Cross University with research interests in information systems and business modelling. He is also a certified business intelligence professional with specialisation in business analytics.

Dr Lim’s work experience includes working in large Singapore companies to MNCs in senior corporate, IT and project management positions. As a management consultant and practitioner, he has facilitated organizational initiatives / projects over a span of more than 15 years in the region, including Australia, Singapore, Malaysia, Mauritius, China, India, Indonesia and Thailand.

Dr Lim continues to be involved in senior management education at local tertiary institutions, teaching information and accounting topics at degree and postgraduate level with research and publishing interests in knowledge management and business intelligence.