Business Insights Through Artificial Intelligence ChatGPT for Financial Statement Analysis: Empirical Findings from Leading Technological Companies

Abstract

Financial statement analysis is one of the most important aspects of measuring the organizations’ efficiency and earning power. In this research, ratio analysis and trend analysis are carried out to determine the organizations’ revenues, liquidity, and cash flows for getting insights for decision making. The data analysis is done with the help of ChatGPT and the data are collected from income statements, balance sheets and cash flows statements from the websites of top five technological companies including; Apple, Amazon, Alphabet (Google), Meta and Microsoft for the period from 2018 to 2022. The findings demonstrated that ChatGPT provided analysis almost 50 percent accurate which is not enough for the decision making as compared with analysis uploaded on companies’ websites. So, it is inferred that ChatGPT is not good for those organizations which use analytical approach.