This CPE course is designed to introduce CPAs to the concept of mental models and how they can be used to sharpen critical thinking and 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.
Learning Objectives:
Upon successful completion of this course, 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
Topics Covered:
- 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
Who Will Benefit/Target Audience:
This course is intended for CPAs and other accounting professionals who want to sharpen their critical thinking and improve their ethical, problem-solving and decision-making skills.
Prerequisite Knowledge
Basic knowledge of accounting principles and practices is recommended but not required for this course.
- Author: Garrett Wasny
