Future of Accounting and AI

[@Cmacoach]

Have you used ChatGPT or any other large language model? What are your thoughts?

[@MeghanaPatil-k7u]

which tools we will get to use in future for accounting? how future of accounting will look?

[@Cmacoach]

Hi Meghana. Emerging technologies like AI and blockchain are transforming accounting, emphasizing real-time data analysis and decision-making. For practical insights and training, consider our courses on ChatGPT and Copilot available on CPE Flow, which focus on how these technologies can be integrated into accounting practices. Here are the links: ChatGPT course: www.cpeflow.com/course/chatgpt-mastery-for-management-accountants Microsoft Copilot course: www.cpeflow.com/course/copilot-essentials-for-accountants

[@santiagosalazar5557]

I’m a high school senior and I would like to persuade a career in accounting but I’m kind of scared to not being able to get a job or my degree being worthless. thanks for the video it gave me a wider perspective.

[@Cmacoach]

Hi Santiago. It's great to hear that the video was helpful! Pursuing a career in accounting is a solid choice as it's a field with consistent demand. Your degree and eventual certifications, like the CMA, can open many doors. Focus on gaining practical experience through internships and networking to enhance your job prospects after graduation. I wrote an article on my blog where I talk about 10+ career paths that accountants can pursue. I'm sure it can help you. Click here to read it: cmaexamacademy.com/accounting-careers/ref/nathan/

[@mayankverma6627]

I have used chat gpt for us cma preparation and at present it's just not good enough. Can't make the reconciliation and adjustments in proper way and also not so much good at conceptual application but maybe better models in future will change that

[@Cmacoach]

Thanks for sharing your experience using ChatGPT for test prep. It does require custom training to make it "smarter" at helping a student with difficult concepts. Our team has worked on a custom CMA Coach Tutor to help students prepare for the exam using LLMs. If you're curious, here's the link to it: cmaexamacademy.com/product/ai-cma-exam-coach-tutor/

[@Lifelong-Vidyarthi]

Hi Nathan! Sir do you have any idea which kind of changes in the CMA's curriculum IMA planning to do from September of this year(2024). I think as A.I. getting stronger day by day and reaching the human like effectiveness, so it's obvious that IMA is planning to drastic changes in the curriculum that's why I postponed my plan to prepare for CMA from April 2024(as I'll get done with my schooling or 12th CBSE Board Examinations just for your reference it's a leading Indian school board) to September or October 2024 when we get the new curriculum.

[@Cmacoach]

Hi. Yes, there will be changes to the CMA syllabus from September 2024, but these changes are expected to be minor adjustments. For specific details about these changes, I recommend contacting the IMA directly.

[@Lifelong-Vidyarthi]

​@@CmacoachIf you are not able to ask them clearly about changes as a IMA recognised Education Partner and Sponsor, how we can get the details from IMA directly?

[@Cmacoach]

Hi. We know what the changes are and we are currently updating our study material. I'll be recording a video of the changes soon but if you wanted to get a quicker answer about all the changes, an IMA customer service rep can help you with it.

[@Lifelong-Vidyarthi]

​@@CmacoachThank you Nathan for your kindness, I have patience, I can wait till you upload the video about changes in CMA programme.

[@RachelSmets]

Great video Nathan! We have to stay up to date with Ai...

[@Cmacoach]

Hi Rachel. Thank you! Absolutely, staying up to date with AI is crucial in today's evolving business landscape. It's an exciting time to be in the field with so many advancements happening.

[@FarazKhan-zc5bl]

Hey coach can you tell me the eligibility criteria to start my career in US CMA?

[@Cmacoach]

Hi. Thank you for sharing your question. There are several requirements before a candidate can become officially CMA certified. Here’s my article on this topic: cmaexamacademy.com/cma-certification-requirements/ref/nathan/ If you have questions after reading it, please let me know.

[@AltanArata-c9m]

Hi Nathan. I'm considering buying some of your courses regarding AI automation for accountants. What part of the accounting workflow will be automated first? I assume the most tedious, repetitive parts? What part of your workflow do you like the least, by the way? Thank you!

[@skariah967]

Hai sir , which is good course after cma usa , cpa acca ,cfa or cia

[@preethamgowda8556]

I am a qualified US CMA. Yet I am not getting jobs. There are no jobs for CMAs

[@Cmacoach]

Hi. It's challenging to navigate the job market, and sometimes, even with a US CMA qualification, finding the right opportunity can take time. Consider broadening your search, networking more actively, and maybe even gaining additional skills or certifications to complement your CMA. I’ve written an article that goes over how to optimize your resume and LinkedIn profile. Check it out here cmaexamacademy.com/cma-resume/ref/nathan/ Also, I wrote an article on my blog where I talk about all the CMA careers you will be able to explore. Click here to read it: cmaexamacademy.com/cma-careers/ref/nathan/ Stay persistent and open to exploring various industries and roles where your CMA skills can be valuable.

[@elmandooh]

Did you find work after 8 months?

[@isamaralaba]

Makes my life easy. I'm using it to help craft toastmasters speeches. Also use it to speed up my project proposals getting a lot of traction...

[@Cmacoach]

That's an interesting use case. Using LLMs to help craft speeches is a time saver for sure. How many speeches have you already given at your TM club?

[@jaganap4853]

Hi Nathan, I have cleared my CMA and got my certification as well but do we need to still renew our membership everything year

[@Cmacoach]

Hi. Yes, you must renew your membership every year or whenever it expires. One of the requirements to earn and be a CMA is paying for IMA's annual membership. If you are interested, now that you have your certification, this year, we've launched our CPE platform. Check out www.cpeflow.com for all your CPE course needs. Get 50% off on our first course on our platform. No coupon code required More courses will be released throughout the year to help you complete your CPE credits. If you have any questions, let me know.

[@prateeksharma7023]

Hello sir , I am young professional currently pursuing ACCA UK , will this professional qualification will be relevant along with the use of technology in future ?

[@Cmacoach]

Hi Prateek. It definitely can be relevant depending on the types of jobs you're seeking and where you'd like to take your career. I have an awesome resource that’ll give you more information about ACCA and other certifications. Check it out here: cmaexamacademy.com/cma-vs-cgma-vs-acca/ref/nathan/