ChatGPT Prompts for Accounting Students
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Journal Entry Practice
Record the journal entries for these transactions. Show debits and credits, explain which accounts are affected and why: [paste transactions]
Financial Statement Builder
Using this trial balance data, prepare an income statement, balance sheet, and statement of cash flows. Explain each line item: [paste data]
Accounting Standards Explainer
Explain [accounting standard, e.g., ASC 606] in plain language. Include what it covers, who it affects, key requirements, and a practical example.
Ratio Analysis
Calculate and interpret the key financial ratios (liquidity, profitability, leverage, efficiency) for a company with these financials: [paste data]
CPA Exam Prep
Give me 10 CPA-style multiple choice questions on [topic]. Include detailed explanations for each correct answer and why the wrong answers are incorrect.
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