Duration: 60 Minutes

Description

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

Learning Objectives:

• Analyze the ELI5 approach and its impact on client communication
• Understand the capabilities of ChatGPT
• Explain how to apply the ELI5 approach to complex accounting topics
• Review real-life examples of successful ELI5 communication in accounting
• Develop effective strategies for implementing the ELI5 approach using ChatGPT
• Explore the evolving role of accountants in simplifying complex information

About Our Speaker

Garrett Wasny, MA, CMC, CITP/FIBP is a digital skills advisor to CPAs worldwide and a former management consultant for Price Waterhouse. As an author, he’s published three books, written hundreds of articles and columns on internet strategy for leading business publications, and developed 50+ NASBITE-accredited accounting courses. As a speaker, he’s delivered thousands of seminars and webinars to CPAs and accounting organizations over three decades on three continents.