Finance scenario: Accounting document evaluation
Available with: Microsoft 365 Copilot Scenario level:
KPIs impacted
Improve risk management
Value benefit
Cost savings
Use Copilot for accounting document evaluation
1. Summarize requirements
Prompt Copilot to find and reference the most recent accounting standards changes related to cloud computing.
Microsoft 365 Copilot Chat1
Example prompt: Find and summarize information from the web on the latest accounting regulations.
2. Discover documents
Ask Copilot to find the relevant work documents that need updating.
Microsoft 365 Copilot Chat2
Example prompt: Find documents that are relevant to the modified standards. Suggest changes to the documents to align with new regulations.
3. Make updates
Make updates to the relevant documents based on new standards, leveraging suggestions from Copilot to edit the Word document.
Microsoft 365 Copilot Chat2
Example prompt: Suggest updates to [Document.docx] based on [U.S. GAAP ASU 1234-56 Subtopic 123-45].
4. Recap meeting
Use Copilot to review necessary steps and action items from an earlier meeting with your manager where they outlined their request to update a document based on new accounting guidance.
Microsoft 365 Copilot Chat2
Example prompt: Recap the last meeting with my manager, highlighting action items.
5. Summarize the updates
Summarize the updated document using Copilot in Word.
Copilot in Word
Example prompt: Generate a bulleted list that summarizes the updated section in [document.docx] about cloud computing.
6. Draft an email
Use Copilot in Outlook to draft an email to your manager, including a summary of the updates you made and next steps.
Copilot in Outlook
Example prompt: Draft an email outlining key changes to the document and next steps for review.
1Access Microsoft 365 Copilot Chat at m365copilot.com or the Microsoft 365 Copilot Chat mobile app and set toggle to “Web".
2Access Microsoft 365 Copilot Chat at mm365copilot.com, the Microsoft 365 Copilot Chat mobile app or the Microsoft 365 Copilot Chat app in Microsoft Teams, and set toggle to “Work”.
3Copilot agents allow Microsoft 365 Copilot to access your organization-specific apps. In the past, this would have required an API call to get data from a system of record. The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
