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

This course is designed for accounting and related financial professionals who frequently handle complex financial information and want to learn how to simplify their communication for clients and stakeholders using the ELI5 approach and ChatGPT.

Learning Objectives
  • Explore and analyze the ELI5 approach and its impact on client communication.
  • Identify and understand the capabilities of ChatGPT.
  • Explore and explain how to apply the ELI5 approach to complex accounting topics.
  • Discover and review real-life examples of successful ELI5 communication in accounting.
  • Discover and develop effective strategies for implementing the ELI5 approach using ChatGPT.
  • Explore the evolving role of accountants in simplifying complex information.
Last updated/reviewed: March 25, 2024
8 Reviews (24 ratings)

Reviews

5
Anonymous Author
Very interesting. I can definitely use what I learned. In fact, I tried it out during training. The examples are good. Rarely do I ask for fewer examples, but this training could have been a little shorter and still communicated the message.
4
Member's Profile
it was really interesting and I love learning about AI capabilities that can be easily replicated. Usually I say the opposite, but in this case, it almost included too many examples.
5
Anonymous Author
I really like this instructor and the course provided a lot of examples how to implement ELI5 concepts. It was a little long due to the number of examples provided.
5
Anonymous Author
This class was the most brilliant way of learning to utilize ChatGPT in the work setting. I loved how the instructor shared all the small details with many examples.
5
Anonymous Author
Great presenter and a great course on a current hot topic. If you want to know how you can use Chat GPT in your accounting practice, this course is for you.
3
Anonymous Author
Each subsequent video was very repetitive in the information it outlined. The course could be boiled down to 10 minutes.
5
Anonymous Author
This course met itsstated objective and the information provided was clear.
5
Anonymous Author
Was excellent course on how to use the GPT using ELI5
Prerequisites
Course Complexity: Foundational
Participants should have a basic understanding of accounting principles and concepts. Familiarity with natural language processing or artificial intelligence is not required, but could be helpful.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to ChatGPT and the ELI5 Approach for Accounting Professionals4:20
  What is ELI5 Approach18:02
  ELI5 Benefits to Accounting 16:00
  ELI5 Benefits to Accounting Pros Cont'd16:22
  Practical Ways ELI5 Can be Applied8:24
  Examples and Case studies - Part 112:14
  Examples and Case studies - Part 217:06
  Examples and Case Studies - Part 310:01
  Recap0:46
CONTINUOUS PLAY
  ChatGPT and the ELI5 Approach for Accounting Professionals1:43:15
SUPPORTING MATERIAL
  Slides: ChatGPT and the ELI5 Approach for Accounting ProfessionalsPDF
  ChatGPT and the ELI5 Approach for Accounting Professionals GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam