myCPE

ChatGPT and the ELI5 Approach 3 Credits

Feb 20, 2025, 09:00 AM ET

ChatGPT and the ELI5 Approach 3 Credits

Simplifying Accounting and Tax Communication for Your Clients

  • Garrett Wasny

    MA, CMC, CITP/FIBP

  • Rating

    4.6

  • Reviewed on

    February, 2025

  • Subject Area

    Information Technology

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Feb 20, 2025, 09:00 AM ET

Learning Objective

  • To analyze the ELI5 approach and its impact on client communication.
  • To identify the capabilities of ChatGPT.
  • To explain how to apply the ELI5 approach to complex accounting topics.
  • To review real-life examples of successful ELI5 communication in accounting.
  • To develop effective strategies for implementing the ELI5 approach using ChatGPT.
  • To explore the evolving role of accountants in simplifying complex information.

Course Overview

In the ever-evolving landscape of technology, ChatGPT has emerged as a powerful tool that bridges the gap between intricate concepts and approachable explanations. 

Paired with the ELI5 (Explain Like I'm Five) approach, ChatGPT takes on a transformative role in unraveling complexity and making it accessible to a wide range of audiences. In this course, you’ll walk away with a foundational understanding of the ELI5 approach and how to use ChatGPT to improve your communication strategies.

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. 

Major topics covered in this course:

  • Understanding the ELI5 Approach
  • 60 Variations of the ELI5 Method
  • Application of the ELI5 Approach in Accounting
  • ELI5 Case Studies, and Strategies for Implementing the ELI5 Approach
  • Using ChatGPT to Enhance ELI5 Communication
  • Role of Accountants in Leveraging the ELI5 Approach

Join this CPE Information Technology Course, it is designed for accounting and related financial professionals who frequently handle complex financial information and want to learn how to simplify their communication with clients and stakeholders using the ELI5 approach and ChatGPT.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Information Technology for Certified Public Accountants (CPA-US) 3 CPE Approved
Information Technology for CPA in Canada 3 CPD Eligible
Information Technology for Certified Management Accountants (CMA) 3 CPE Eligible
Information Technology for Delaware Licensed Public Accountant (DE-LPA) 3 CPE Eligible
Information Technology for Certified Information Technology Professionals (CITP) 3 CPD Eligible
Association of Chartered Certified Accountants (ACCA) 3 CPD Eligible
Chartered Accountant - ICAEW 3 CPD Eligible
Information Technology for Iowa Licensed Public Accountant (IA-LPA) 3 CPE Eligible
Information Technology for Maine Licensed Public Accountant (ME-LPA) 3 CPE Eligible
Chartered Accountants - Ireland (CAI) 3 CPD Eligible
Chartered Accountants - Scotland 3 CPD Eligible
CPA - Ireland 3 CPD Eligible
License details Credits Status
Information Technology for Certified Public Accountants (CPA-US) 2 CPE Approved
Information Technology for CPA in Canada 2 CPD Eligible
Information Technology for Certified Management Accountants (CMA) 2 CPE Eligible
Information Technology for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Information Technology for Certified Information Technology Professionals (CITP) 2 CPD Eligible
Association of Chartered Certified Accountants (ACCA) 2 CPD Eligible
Chartered Accountant - ICAEW 2 CPD Eligible
Information Technology for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Information Technology for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Chartered Accountants - Ireland (CAI) 2 CPD Eligible
Chartered Accountants - Scotland 2 CPD Eligible
CPA - Ireland 2 CPD Eligible

Additional Information

Credits

3

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Garrett Wasny

Garrett Wasny , MA, CMC, CITP/FIBP

Account Executive, BUSINESS & INT’L TRADE EDITORIAL

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Garrett Wasny, MA, CMC, CITP/FIBP, is an artificial intelligence skills advisor to accountants worldwide and Director of the forthcoming AI Accounting Future Forum. This groundbreaking platform is set to revolutionize how accounting professionals engage with artificial intelligence. A former Price Waterhouse management consultant, Garrett has authored 60+ ebooks, delivered thousands of seminars and webinars to elite accounting enterprises around the globe, and developed dozens of AI apps on accounting technology, tax and ethics topics. 

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

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MC

Marianne Coonley, CPA (US)

5

I work in the corporate arena, not a firm, and even though the examples were directed at clients and accounting firm activities, this course has shown me a variety of possibilities that will l help me to draft more effective ChatGPT prompts

ID

Irfan Dhalla, CPA in Canada

5

I appreciated the clear explanations and practical examples that helped reinforce the concepts. Overall, a great learning experience for anyone looking to gain new skills or deepen their knowledge!

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