I’ve found using AI tools like ChatGPT incredibly helpful for studying, especially for explaining complex topics in simpler terms. For example, I often ask it to explain accounting concepts or guide me step-by-step through problems I got wrong. If it makes a mistake, I correct it and ask it to reassess, which helps me identify where I went wrong too. While it’s not perfect and requires cross-checking, it has been a lifesaver for understanding difficult concepts. Just remember to double-check its answers!
I use it for work as well! Asking for explanations in layman’s terms really makes complex concepts click. It’s like having a personal tutor.
Jai said:
I use it for work as well! Asking for explanations in layman’s terms really makes complex concepts click. It’s like having a personal tutor.
Exactly! It’s amazing how much clearer things become when you strip away the jargon.
I use it for studying REG, and it’s been great for breaking down complicated topics. It’s not always accurate, but it helps with the basics.
Tamsin said:
I use it for studying REG, and it’s been great for breaking down complicated topics. It’s not always accurate, but it helps with the basics.
That’s a good way to use it! Always helpful for making things a bit more digestible.
AI tools still struggle with nuanced accounting topics, especially GAAP. They’re great for simple concepts but can’t replace traditional study methods yet.
Tatum said:
AI tools still struggle with nuanced accounting topics, especially GAAP. They’re great for simple concepts but can’t replace traditional study methods yet.
Totally agree. It’s more of a supplemental tool to clarify concepts—not a replacement for Becker or textbooks.
I think of ChatGPT as a tutor. It’s not perfect, but it’s a great way to fill in gaps in understanding.
Using it for FAR saved me. Feeding it Becker’s explanations and asking for simplified answers was a game-changer. Just don’t rely on it blindly.
It can be helpful but I’ve noticed it gets nuanced topics wrong a lot. Always double-check with your study materials!
Huxley said:
It can be helpful but I’ve noticed it gets nuanced topics wrong a lot. Always double-check with your study materials!
Absolutely. It’s good for explaining basics but not something to trust without verifying.
I love how you can correct its mistakes, and it adjusts itself. It’s like teaching a study buddy as you learn.
I’d avoid using ChatGPT for accounting. It’s too unreliable for nuanced GAAP topics. Stick to Becker and textbooks.
Harley said:
I’d avoid using ChatGPT for accounting. It’s too unreliable for nuanced GAAP topics. Stick to Becker and textbooks.
Fair point, but I’ve had better luck with my company’s internal AI platform for this purpose.
I’ve passed all my exams except FAR using ChatGPT as a supplemental tool. It’s been a lifesaver!
The AICPA should test ChatGPT on the CPA exam and publish its score. I bet it would do well on basics but struggle with nuances.