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A Better Way to Gauge Profitability
EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...
Finance leaders struggle to determine generative AI’s costs and benefits, but there are suggestions on how to tackle the problem.
Follow these steps to make sure you are on track with this game-changing technology.
More than 3 in 5 business executives surveyed by the AICPA are at least contemplating the use of generative AI, signaling that broad adoption could be around the corner.
A study involving 390 students suggests a preference for using ChatGPT as a supplement to traditional resources, such as class notes and textbooks, to complete accounting assignments.
The 2024 BDO Audit Innovation Survey found that 54% of leaders expect their audit firm to use artificial intelligence and other advanced technologies to enhance the audit experience, but the human element is irreplaceable.
A step-by-step guide shows how the advanced data analytics features in Power BI can solve business problems in minutes rather than hours.
Research finds a significant increase in the percentage of companies leaning into finance AI, even as many struggle to develop sufficient talent to oversee execution.
Leaders at private and newly public companies are optimistic about growth opportunities, although many view the pivotal role that artificial intelligence plays to be a double-edged sword.
Research reveals how a comprehensive plan related to the relationship between data and artificial intelligence can pay dividends.
Even if you’re concerned about risk related to tech tools like ChatGPT and Copilot, it’s possible to use them to improve day-to-day life at your organization — starting today.
A tech-focused CPA explains why he prioritizes attending ENGAGE and discusses how roles are being changed rapidly by emerging technology. Listen to the episode or read the Q&A.
This item demonstrates using artificial intelligence technology to build a custom GPT that can
access the firm’s handbook and provide answers to employee questions.
A finance leader looks back on a key early moment in his career and looks forward to the ways AI will help free up capacity for the finance function of tomorrow. Listen to the podcast or read the Q&A.
Artificial intelligence technology can be misused for fraud, but it is also a tool accountants can use to detect fraud. Find out how to manage AI-generated fraud risks.
A CPA and AI expert discusses some of the ethics questions around using AI in this podcast episode. Hear her words or read the Q&A.
The emerging art of ‘prompt crafting’ can deliver more powerful results from platforms like ChatGPT and Google Gemini.
Microsoft Copilot merges generative AI with key apps, potentially revolutionizing how accountants work. Here’s what early adopters say.
Our panel provides perspective on the potential, perils, and place of GenAI in the wider context of artificial intelligence and automation.
More than 70% of finance executives have worries related to privacy, ethics, and accuracy, but some respondents in an AICPA & CIMA survey say they’re moving ahead with implementation of generative AI tools.
This article offers a brief overview of Copilot and then looks at some interactions with the Bing version of Copilot in the Edge browser.
Emerging technology can help the finance function eliminate errors, but effective execution may hinge on companies cultivating a high level of acceptance among users.
There’s a lot more to artificial intelligence than ChatGPT. What is it and how will CPAs be affected? Find out from three top accounting technology experts in the latest episode of the JofA podcast, which includes a full transcript.
Firm leaders explain why they are using artificial intelligence to transform audits and how they are handling barriers to AI adoption.
The majority of Americans are excited about the role Gen AI can play in their everyday lives, but a global survey finds that the majority of executives aren’t thrilled with their companies’ level of commitment to the rapidly growing technology.
Kimberly Ellison-Taylor explains why she’s energized by recent conference interactions and offers advice for those with leadership aspirations in this podcast episode with transcript.
A former firm partner with expertise in ChatGPT and other AI tools shares why CPAs can’t afford to sit on the sideline and shares how to be responsive to your clients, your team at work, or both.
The CEO of AICPA & CIMA explains how the move by private-equity investors into accounting is just one step in firm transformation and why a world “devoid of trust” needs accountants.
With tools such as artificial intelligence, auditors can implement new processes that enhance effectiveness and efficiency.
A CPA argues that accountants can use AI technologies such as ChatGPT to tackle the profession’s most pressing challenges.
Half of finance executives report they’ve already implemented GenAI into financial reporting; the majority view auditors as crucial to the cause.
This article discusses the process and covers what to be wary about when using ChatGPT to build a macro for Outlook.
Two accounting educators focused on generative AI provide a look into the future of tools such as ChatGPT in this podcast episode with transcript.
Generative artificial intelligence platforms such as ChatGPT provide many opportunities for CPA firms, but there are also risks that should be considered before jumping in.
An entrepreneur and keynote speaker explains why artificial intelligence can be embraced and appreciated, instead of feared, in this podcast episode with transcript.
For a fee, the AI tool offers more computing power to help automate repetitive tasks such as cleaning data.
We put ChatGPT to the test with hypothetical tax questions. See if you think it’s ready to compete with a CPA.
Hackers are now using bots to identify and attack cybersecurity vulnerabilities on a mass scale. What can accountants do to bolster their defenses? Find out from technology and cybersecurity expert Roman Kepczyk in the latest episode of the Journal of Accountancy podcast.
Technology leaders in accounting discuss digital assets, what CPAs need to know about Web 3.0, and more in this podcast episode with transcript.
Technology leaders in accounting discuss when and when not to use ChatGPT and robotic process automation in this podcast episode with transcript.
AI chatbots such as ChatGPT are very popular among students. Here’s how some professors are handling them.
Firms should consider costs and risks to prioritize
automating repetitive tasks, panelists in our
technology roundtable suggest.
Early adopters are finding uses for ChatGPT in accounting, but the chatbot raises concerns about security and accuracy.
Many online resources demonstrate multiple codes or other ways to build ChatGPT into Excel and other applications.
This month’s column explains how the new AI tool known as ChatGPT can help with challenging Excel tasks such as creating PivotTables and writing macros.
Podcast guest and technology expert David Cieslak shares why automation should be embraced by finance professionals and explains how he became known as “Inspector Gadget.”
Learn how data-driven audits can help identify and mitigate risks and why tech tools that automate rote tasks are just one part of the evolution of auditing in this podcast episode with transcript.
