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How are accountants coping with the onslaught of ChatGPT?

author:Guo Wei said fiscal and tax finance

CHATGPT passed the recognized and difficult accounting industry exam; Microsoft has completely redefined PC interaction. The power of Bing and ChatGPT plugins was injected into the entire Windows system. In the face of the impact of ChatGPT, how do finance personnel respond?

How accountants are responding to the onslaught of ChatGPT

How are accountants coping with the onslaught of ChatGPT?

Recently, two messages from CHATGPT were bombarded simultaneously:

First, AI (CHATGPT) passed the recognized and difficult accounting industry exam. Recent research published by some American and German scholars shows that OpenAI's latest generation AI language model, ChatGPT 4, completed and passed four major accounting industry qualification examinations, including certified public accountant (CPA), certified management accountant (CMA), certified internal auditor (CIA) and certified tax agent (EA), with an average score of 85.1. Exams like the CPA are notoriously difficult, with thousands of candidates failing every year. The researchers who released the latest study noted that a few months ago, ChatGPT 4's predecessor, ChatGPT 3.5, also failed to pass the test. But the fact that the new version of ChatGPT passed so quickly means that ChatGPT "will be disruptive to the accounting and auditing industry."

How are accountants coping with the onslaught of ChatGPT?

The second is that Microsoft has completely redefined PC interaction. It injects the power of Bing and ChatGPT plugins into the entire Windows system! In terms of developers, Microsoft recently released its cloud service Azure AI Studio. In short, it is a tool responsible for generating, customizing, training, evaluating, and deploying next-generation AI applications.

How are accountants coping with the onslaught of ChatGPT?

The general consensus is that the accounting profession is one of the earliest professions that can be replaced, will the accountant face unemployment, is the CPA that has been resigned for a year after hard work is useless, a series of question marks still come out, what to do?

How are accountants coping with the onslaught of ChatGPT?

(i)

The progress of technology and the development of human beings are inevitable trends, which can only be accepted and embraced.

In the future enterprise management, intelligent digital technology, intelligent management, and intelligent finance will become the basic elements of each enterprise's capabilities.

The scenario of artificial intelligence realizing smart finance in enterprises will soon come.

Originally, it was thought that AI should do intelligent customer service, complete tedious transaction processing, and do financial number processing and analysis, but now it seems that it must be far beyond our estimates.

How are accountants coping with the onslaught of ChatGPT?

(ii)

Identify the three stages of development

First, AI learns and grows in accounting, and accounting enters the training and learning stage

Second, AI becomes the assistant of accountants in their work, the collaborative stage. As an AI auxiliary tool, ChatGPT can help greatly improve the work efficiency of employees, and the one-person working model has not changed.

Third, accounting work is mainly done by AI, and the job of accounting is to train AI well and complete accounting work.

How are accountants coping with the onslaught of ChatGPT?

(iii)

ChatGPT is coming, what should the finance staff do?

Anxiety and confusion are useless, only embrace and learn

1. At present, it is inevitable that the position of accountants in accounting work will be replaced, and there is no need to entangle, just as electronic accounts will replace manual accounts.

ChatGPT has reporting and analysis capabilities, and can be quickly improved through feedback, and financial management will be replaced by AI.

How are accountants coping with the onslaught of ChatGPT?

ChatGPT has a more efficient learning ability, and in the current accounting, finance and auditing work scenarios, ChatGPT will be an easy job, and far more than that.

At present, we are still simply looking at ChatGPT has passed the four major certificates of accounting, in fact, he has passed more than that, his knowledge, judgment is countless times higher than people, just as the current ERP system operating efficiency exceeds the manual collection and calculation management countless times.

2. The career development plan of accounting personnel must be changed

Accounting career planning based on traditional ideas needs to be changed, and the model of obtaining a stable career and income in the future will not work.

How are accountants coping with the onslaught of ChatGPT?

But everything is the same, study, learn, learn again.

In terms of learning, my advice can be divided into three stages:

The first is to understand and learn the application and development of AI, and learn and operate when there is an opportunity.

The second is to take the initiative to make AI an assistant for their own work, apply AI one step ahead, and gain an advantage in the competition in the talent market.

The third is to learn to train and develop AI and transform into interprofessional talents as soon as possible.

How are accountants coping with the onslaught of ChatGPT?

3. Financial personnel should pay special attention to the application and development of CHATGPT in the four financial fields

First, financial big data processing

Second, the rapid establishment of financial models and the application of financial forecasting

Third, accounting report big data all-round identification and false account early warning

Fourth, the integration of industry and finance, opening up finance and business, and returning to the data, analysis and support of enterprise operation.

How are accountants coping with the onslaught of ChatGPT?

4. Not only pay attention to the application of AI in professional fields such as accounting, financial management, auditing, investment analysis, etc., but also pay attention to the impact and opportunities brought to enterprises by the current digital development of the whole society, such as AI applications in the construction of tax big data, and the requirements and challenges for enterprise digitalization and compliance.

In short, don't think that AI has brought about a change in computing power to accounting, or that it is going to replace low-end finance and auditing.

No, what needs to be changed is the overall thinking and methods of enterprise management and external supervision, which is a subversive change.

How are accountants coping with the onslaught of ChatGPT?

The development of technology is a trend, and the progress of mankind is inevitable

The important thing is not to be replaced, to keep learning and improving

Accounting and CHATGPT, learning applications coexist for progress

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