Prompt Engineering: Boosting AI Performance with Master Prompts
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Questions and Answers

What is one of the benefits of using GenAI in financial accounting?

  • Reducing the speed of calculation
  • Improving the accuracy of financial ratios (correct)
  • Reducing industry benchmarks
  • Increasing the time spent on computations

    • What can GenAI do to facilitate better decision-making in CVP analysis?

  • Reduce the number of variables in the analysis
  • Generate multiple CVP scenarios with different pricing or cost assumptions (correct)
  • Provide a fixed pricing strategy
  • Generate a single break-even analysis

    • What does GenAI provide in financial ratio analysis?

  • Calculations and brief interpretations (correct)
  • Only calculations
  • Only visualizations
  • Only industry averages

    • What type of graphs does GenAI create in profitability analysis?

    <p>Easy-to-understand graphs (D)</p> Signup and view all the answers

    What can GenAI flag in financial statements?

    <p>Inconsistencies or calculation errors (A)</p> Signup and view all the answers

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