ChatGPT beats humans at financial statement analysis
Researchers at the University of Chicago found that a ChatGPT model, with some fine-tuning, could predict changes in company earnings with over 60% accuracy using only historical financial statements. The model outperformed human analysts, who had just under 53% accuracy.
A guide to Beneficial Ownership Information (BOI) reporting
In this free course, James Gilmer guides you through the crucial aspects of the Corporate Transparency Act (CTA) and its impact on legal entities in the US. 🇺🇸
The SEC internship that changed everything for one aspiring accountant
Who knew that watching the TV show Suits could lead to a life-changing internship at the SEC? For Cody Turley, that's exactly what happened, and it was just the beginning of a wild ride through the world of forensic accounting.
The wisdom of being a lazy CPA
The most productive accountants do the least work — well, routine work, that is. In my latest Accounting Today article, I share strategies to help you automate processes, delegate tasks, and leverage your expertise so you can focus on doing, well, anything else.
The simple rule that turned my son from a screen-obsessed kid into an avid reader
When I walked into the kitchen this morning, this is how I found my son. Just a few months ago, he had zero interest in books. So what changed?
A bill to repeal the Corporate Transparency Act has been introduced in Congress
Imagine going to jail for forgetting to file a single document. Sound absurd? Well, that's the reality small business owners face under the Corporate Transparency Act (CTA). But change might be on the horizon...
Tether's $109 billion question: Where's the audit?
$109 billion. That's the market cap of Tether, the world's largest stablecoin. It's also the amount of money effectively backed by nothing more than a pinky promise.
AI's 'killer function': Personal agents that work for you
Sam Altman says that helpful agents will be AI's "killer function," integrating deeply into our lives and acting as extensions of ourselves. It sounds like science fiction, but you can start doing this now! In this article, I show you how.
Maybe you shouldn't start a podcast
In my latest Accounting Today article, I share insights from the 2024 Digital Deep Dive conference, where Brandon Hall and I discussed the realities of podcasting. While our shows have seen remarkable success, we emphasize that podcasting isn't for everyone.
The silver tsunami: Why CPAs, exit planners, and business advisors must embrace employee ownership
With the "Silver Tsunami" of baby boomer business owner retirements upon us, it's crucial to understand employee ownership as a viable exit and succession planning strategy.