Mental Models for CPAs: How to Use Cognitive Frameworks

Overview

This course is designed to introduce CPAs to the concept of mental models and how they can be used to improve ethical, problem-solving and decision-making skills in the accounting profession. Participants will learn about a variety of mental models, including the Map is Not the Territory, First Principles, and the 80/20 Rule, and how to apply them to financial situations. The course will also cover the importance of building a "latticework" of mental models and the limitations of mental models. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

Basic knowledge of accounting principles and practices is recommended but not required for this course.

Objectives

After attending this presentation, you will be able to...

• Distinguish between mental models and explain their importance in decision-making
• Identify and describe a variety of mental models
• Apply mental models to financial situations
• Recognize the importance of building a latticework of mental models
• Recognize the limitations of mental models and seek out additional information as needed
• Analyze case studies demonstrating the use of mental models in financial decision-making
• Develop strategies for continuing to learn and expand your mental model toolkit

Highlights

The major topics covered in this course include:

• Introduction to mental models
• Examples of mental models and their applications in behavioral ethics
• Building a latticework of mental models
• Limitations of mental models
• How to apply mental models to the accounting profession
• Case studies demonstrating the use of mental models in financial decision-making
• Strategies for continuing to learn and expand your mental model toolkit