[80] GenAI for teaching accounting through a simulation is AWESOME

In this video, we demonstrate the powerful use of GenAI in teaching concepts in accounting, specifically using a role-based story simulation that asks the user to give their opinion about what internal controls issues were identified in the story. Because it uses GPT-4o, the latest GenAI model from OpenAI, the story is always unique and interesting, and the interactions are very helpful in guiding the student through learning about internal controls concepts. We leveraged an initial prompt from Dr. Ethan Mollick, as published in his paper located here - faculty.otc.ed..., which I highly recommend checking out!
If you want to try out the Custom GPT we showed in the video, you can access that here - chatgpt.com/g/...

[@kurnaikent]

Hi PA, thanks for the videos. Can I ask, are you also CA or CPA? Or are you learning accounting concepts while programming?

[@PythonicAccountant]

I’ve been a CPA since 2015, have many years experience with financial statement audits, tax prep, and advisory work around audit readiness and accounting and internal controls. Self-taught in python over the past 12 years. So started with the accounting domain, then super powered it with python and now GenAI.

[@jason_v12345]

That prompt is massive, lol. The model processes it with every. single. message. the user sends. Even when you just enter "2". No wonder OpenAI is losing $500 million a year.

[@PythonicAccountant]

Good point! Do you think it’s not worth the cost?