How to prepare IFRS-compliant financial statements using Claude AI

Can you hear me now? Can you hear me now, please? Oh beautiful beautiful beautiful. Thank you. All right, so uh good evening everyone. Apologies, apologies. I apologize about that.

Apologize about that. Thank you. Thank you all so much. So, good evening and welcome to tonight's webinar. Uh it's going to be an amazing Thank you so much everyone. Thank you so much. Uh while you're giving me the feedback, please let me know where you're joining from. Just drop where you're joining from. Um if you're outside the country, I would like to know. Abuja, Lagos, OB, Kaduna, Jos, wherever you're joining from. Please just drop so that I recognize you. Uh so please just let us know where you are joining in from. Uh let's know where you're joining in from, please, very quickly. Uh yes, good evening. Good evening. Where are you joining in from uh as I proceed a quick one that would help you enjoy this class. If you're using Ibadon, good evening. Good evening, Mr. Winga. If you're using your mobile Legos, good evening. Um Pastor Isaac, we have Abuja. We have Otown to good evening. Perfect vending Abuja. Good evening, Ibado. Uh, James, good evening, Lagos. Amazing. Amazing. Good evening, everyone. Um, I'm sure you can feel the energy here. The energy here is palpable. Tonight is literally going to change the trajectory of your career. Now, if you're using your mobile phones, one thing you might want to do is click on the settings in your YouTube. All right? So, click on the settings button. Go to quality. Good evening from Abuja. Good evening from Lagos PJ Consult. Good evening. All right. So, go to the set settings in your YouTube. Click on quality and put it in the highest. Okay. So, click on advanced instead of auto recommended. Click on advanced and put it in the highest so that you can maximize and enjoy this section from Abuja. Victor, good evening. From Abuja, Timua, good evening from uh Lagos Aziz. Good evening everyone. All right. So once you've done that and you can put your phone to landscape mode, you would enjoy the section. Good evening everyone once again. Tonight I'm here to show you how to prepare IFRS compliant financial statements using AI. And the AI tool that I will be using tonight is Claude. All right. So let me share my screen. We're going to be using Claude. Yes. So, I believe you should be able to see my screen now. Let's wait for it to pop up. It should pop up in a minute. Let me confirm that. All right. Please, can you see my screen? Claude. Claude should be on the screen now. Can you see my Claude screen please? Yes. Beautiful. Beautiful. So this is Claude and what I want to demonstrate tonight. I am not going to exceed the 60 minutes. I will not exceed it. So please pay wrapped attention. You can write, you can take your notes, whatever you want to do. Just ensure that you are free from distraction. So one thing I've done to ensure that we maximize our 60 minutes. Now it's about 54 minutes is this. I prepared my prompt. All right. Like I usually love to do I prepared my prompt. So I'm going to show you the prompt would start the operation. All right. Then I'll show you the record and I'll start explaining exactly what is going on in the background. So I already have all my source documents. All right. Let me show you my this is my prompts library. All right. So, I'm going to copy the first prompt. We're going to examine it together. All right. So, here's my first prompt. I have I typed this out. I do not want to waste time live. Okay. Typing this. I do not want to waste time. So, I'm going to copy this here. So, let's review this together. We're going to review this together. Let's see exactly what I am telling Claude to do. Okay. So, let's review it here first. So, here is it. I said I will provide you with the opening tri balance and nine source books or documents whatever you want to name that for Jude AI limited for the year ended um 31st December 2024 and here are the records the source documents that I'm going to be providing Claude so I have the sales day book I have the detor's ledger I have the hosted and bookshop that's the cash sales I have the cash book the purchase day book the payroll register the fixed that's the fixed assets register I have the lease and grants agreement summary and I have the general ledger. And here is what I want CL to do. I want you to recognize that the sales day book records invoices raised are raised while the cash book records cash are actually received. Okay. I want you to post each book to the correct general ledger account building up from the opening tri balance. Of course, I want you to cross reference the student piece ledger against the sales day book. Okay. So, one track receivables. Okay. and cashbook to confirm the receivable movement is consistent. Then I want it to produce a tri balance as at 31st December 2024 and I'm also telling it to verify that's want to ensure that our tri balance is balanced. Okay, so it should verify that total debit is indeed equals total credit and as well flag any account where it had to make a judgment call about which book a balance came from. This is going to be very interesting and I'm excited about what you're about to see live. Okay, so we have all our source documents. I will show you. Okay, but first off, let me feed Claude all the source document. Okay, so this is Claude. What you want to do, you click on the plus sign here. Okay, so you click the uh plus sign and you click on add files. Now one thing about claude, let me quickly mention, let me state this. Usually um Claude prefers Claude prefers if your documents are in PDF. Okay, PDF format. Claude reads that it renders PDF format better. However, mine is on Excel. Mine is on Excel. Okay, so here are all the records I'm going to be feeding Claude. I have the tri balance. I have the sales day book. I have the purchase day book, the payroll register, the lease, this, this, this, this. There should be 10. Yes. And this in total. So I have one, two, three four five six seven eight. Oops. It's taking up everything. I don't need it take everything. Um, so let me remove the ones I do not want it to take. Okay. Um, so let's count. I have 1 2 3 4 5 6 7 8 9 10. See how amazing this is? Now let me quickly mention also that the version of cloth that I'm using is the paid version. I am using the paid version of cloth. So let me send this to CL. Let it start doing this while I explain exactly what is happening in the background. So I'm using the paid version of cloth. If you are using the free version, I taught this in the last webinar that I had. If you are using the free version, please do not feed the entire document into cloud. If you do that, you will max out your daily limit very fast. In fact, almost instantly. So, what you should do is you would start, you tell Claude that you will be feeding it documents one after the other. Okay? So what you want it to do is just to uh is to analyze the document or keep the document study the document. When I am ready I'll tell you what next to do. So when you tell Claude that Claude is ready. So you feed it the first document and you say this is the first document. I will continue in the next. Claude will say I am ready. Go ahead. So until you feed it probably the first two or three documents. Okay. Or until you're done then you can now tell Claude what to start doing. That is how to navigate if you are using the free version of Claude. All right, so I'm using Claude for tonight. If you're using the free version of Claude, that is what you should do. Now, while Claude is doing all of this magic in the background, I forgot to show you something. So, we're using Oops. Okay. Okay. Okay. Um I'm not going to stop. Let me stop this. Should I stop this? All right. Let's continue. Now I want I was meant to change the model. I was meant to change the model. Let me stop this. I'm going to stop this. Yes. So I want to change the model to the IS model currently and that is um OPUS 4.8. And I'll tell you why. Oppus 4.8 correct itself. and identify when it makes mistakes and corrects itself. That is the beauty of OPUS um 4.8. Now the model we're using initially mistakes you could we could if it encounters mistakes you would be the one that would have to flag it this this and this and that can be very cumbersome. Okay. So you just want to save yourself from that stress from the ag and all of that and just use oppus 4.8 8. It's a game changer. So, Opus would know when it makes mistake, will call its own attention to the mistake it's made and then it will correct its mistake. It's beautiful. We are going to see everything live very shortly. Okay. Now, um the latest model of cloth was actually Fable 5, but US government and all of that, they had to recall that and so we can't even say Fable 5 here right now. All right. So, let me quickly share. Let's look at the source document so that we understand exactly the what Claude the information Claude is working on. Okay? So that we can indeed tell Claude, Claude, you're doing absolute nonsense. This is not what you should be doing. So here's a copy of the tri balance. This is Jude AI limited. Okay. And this is the record for 2024. So we have this is the opening. This is the tri balance. You can see um you can see these are the noncurrent assets. All right. You can see the all right um accumulated depreciation. You can see the current asset. You can see um the equity side, the non-current liability and the current liability. And this is balanced. Okay. So you can also confirm this. We can also confirm um run our own check. But this is balanced. So let's quickly run our check. No, I don't want you to do that. Okay. I don't not want you to do that. I want us to run the check so that you confirm that. Okay. Uh so let's do this. Okay. Um that's E. Okay. Um that's E. So E first off. Okay. So that's Yes. We're good. E to what? Yes. Beautiful. All right. So, we can see that we are good. Our travel bala