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 Is engineering harder than ACCA?

Is Engineering degree harder than ACCA?
 
Yes [ 157 ] ** [40.15%]
No [ 46 ] ** [11.76%]
Cannot compare, both have their own difficulties. [ 188 ] ** [48.08%]
Total Votes: 391
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SUSLiamness
post Jun 7 2021, 10:45 AM

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QUOTE(arsenwagon @ Jun 5 2021, 08:51 PM)
Then anjingliar Vs accountant who earn more on average . Y I always see njingliar machem complain bout celery but not accountant
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engineer can do accountant job.

accountant can't do engineer job.

engineering degree is the most versatile degree you can achieve. Can work in engineering, project management, banking, consulting, accounting, real estate. Pretty much anywhere.

accountant can only do accountancy or business related roles je..
SUSLiamness
post Jun 7 2021, 10:52 AM

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getting a degree will always be harder than some paper qualification.

what more getting a 4 year engineering degree.

The fact of the matter is simple, if one is able to accomplish the feat of getting a proper 4 year engineering degree, then any paper qualification especially not related to engineering is easy.

Doing accounting balance sheets is easy to do because you finished a degree that has much more complex mathematics and patterns. It's not even a debate here.. doing an engineering degree is far more valuable than an accounting one.

And it opens up way more doors aswell.
SUSLiamness
post Jun 7 2021, 11:03 AM

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QUOTE(Murasaki322 @ Jun 6 2021, 12:34 PM)
Engineering is more difficult than accounts and finance, in terms of core technical knowledge. In real world application, in Malaysia, ACCA is harder because of all the fraudulent account books that needs "creative accounting" to solve and audit. But internationally, engineering is still tougher.

Engineering in Malaysia? Not even real engineering. Majority "engineering" jobs are salesman, project facilitator, site supervisor, technician or paperwork documenter. Like many have mentioned, BEM stuff, Ir, PEPC or what fancy titles given are to simply justify BEM's existence. Sure we've got Washington Accord and all that but at an international level, how well is "Ir" or "PEPC" recognised, if the holder is some work inspector, salesman, maintenance man, project coordinator, construction site foreign worker handler, paperwork technician etc. In Malaysia, it's all glamour and high society because the Ir and PEPC holder has an edge to deal with authorities to approve flimsy projects.

ACCA is recognized internationally. Just that in Malaysia it is over supplied with subpar graduates passing at the bare minimum and shamelessly put it up to beautify a resume.
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As long as you gotten a washington accord recognised degree, you are pretty safe.

If you gotten IR status from IEM, even better. It's recognised worldwide.

australia for instance recognises malaysian engineers.

https://www.engineersaustralia.org.au/About...onal-Affiliates


anyways, if you comparing both accounting and engineering as degrees. Both are still very useful and the best degrees to do if you want to escape from Malaysia.

I know plenty of my friends and family are working overseas now, myself included. Most, if not all of us did an accounting or engineering degree. thumbup.gif
SUSLiamness
post Jun 7 2021, 11:10 AM

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QUOTE(feekle @ Jun 7 2021, 09:27 AM)
Not really, some student are forced to take engineering by their parents rather than self interest. They are good and bright students and manage to pass the courses but lack the passion of working as an engineer once they see the real actual work of an engineer which not far different from cheap labor. In the end they switched field for better comfort & money (I guess). Once I met an insurance agent whose a former engineer in shell. Why he quit? He can't take the daily beating of handling contractors and don't have the heart to everyday scolding people.

You can be anything in this world where your IQ permits be it doctor, engineer, lawyers, accountant, but if you just don't have the heart of passion to do so, you won't last long.
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plenty of my friends did engineering courses from overseas university and paid expensive studies.

end up, most of them not working in the field because parent have alot of money and they would rather be a laoban. start food business la, mobile phone shop business, & etc and totally nothing to do with their expensive course that they did.

such a waste if you asked me. But then again, they did the engineering course to flash their status mostly. At end of the day, they go home to a large family owned bungalow and drive godcar merc/bmw and have a hot trophy wife. Most already have children of their own. Throw to gong gong and poh poh to take care of. Whilst they can focus on their "business".


What's there to complain about? Degree is what you make of it.
SUSLiamness
post Jun 7 2021, 11:31 AM

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QUOTE(ComingBackSoon @ Jun 7 2021, 11:24 AM)
Accountants cannot praactice engineering. Engineers cannot practice accounting.

And nothing stops an accountant from doing project management, consulting, banking, real estate, i.e., almlost any jobs that engineering degree holders can do except for engineering itself.
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why can't practice?

engineer can go do ACCA or some accounting papers.

And like you say, accountant cannot do engineering job. Only can do at most running project management.. Your only option to do engineering is to go back to university and do a 4 year engineering degree. tongue.gif

bottom line is, engineering is way more strict and held in higher regard. And rightly so.. you wouldn't want somebody without a engineering degree designing and approving a bridge where thousands travel on it everyday right? Just like you don't want anybody without a specialist surgeon degree operating on you. When lives are at stake, you always fall back to which school & which degree you completed your studies in.

If a bridge fails, they will investigate and find the engineer who signed off on the designs. That engineer will go to jail.

Meanwhile, did any of the accountants who failed to catch the 1MDB fraud end up in jail? NOPE. Those accountants auditing the 1MDB books from Deloitte, KPMG, and many more ended up being transferred out of the country, to other country. I know this personally first hand because I know relatives and friends who were involved in the auditing. Their bosses never ended up in jail, instead they all got a nice pay raise and transferred to overseas branches of their respective companies.

That in itself is a bloody joke and just shows how seriously we treat financial audits. Not seriously at all..

If this was the standard in engineering practice, there will be catastrophic engineering disasters happening every minute of everyday.. Luckily, engineers are held to high standards.

This post has been edited by Liamness: Jun 7 2021, 11:37 AM
SUSLiamness
post Jun 7 2021, 11:42 AM

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QUOTE(ComingBackSoon @ Jun 7 2021, 11:34 AM)
i.e., the engineer still need to also become an accountant to practice accounting.
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You need some form of accreditation to practice accounting, duh.

ACCA is not a degree. It's a professional course that anybody can do within 2 years or less. And you can start practice accounting concurrently whilst you complete the course. Meaning, you can apply for accountant jobs and just tell the company that you are completing the certs to qualify as an accountant.

Meanwhile, not everyone can get into an engineering degree. You need to meet the pre-requisites such as completed A level physics, chemistry, add maths, specialist maths.

There's a huge difference.

There is no ACCA equivalent for engineers. If you want to become an engineer, you need to do a 4 year engineering degree. And engineering firms will never hire somebody without a degree in engineering to do an engineer job. Period.
SUSLiamness
post Jun 7 2021, 12:51 PM

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QUOTE(ComingBackSoon @ Jun 7 2021, 12:39 PM)
Perhaps your definition of "practicing" is different from mine.

To me, there are different levels of capabilities. Does a person:

0) not know anything in the field and cannot be taught at all?
1) need to be told what to do, when to do it, and how to do it?
2) need to be told what to do and can figure out how to do it himself?
3) can figure out what needs to be done and how to do it himself?

I can hire a person with your highly acclaimed 4-year engineering degree holder to do (1) or maybe even (2) while he pursue his accounting qualification. But no, he is not practicing accounting, and his remuneration will reflect this. This engineer turned accountant will never be put in charge of my company's books unless he can do (3). Similar to how your bridge project will never be awarded to a qualified engineer, your engineer turned accountant will never be tasked to audit 1MDB.

I can also hire a person with your highly acclaimed 4-year engineering degree to undertake an engineering project. Can he decide which system/machine/method is best for my company? Can he advice me when a system/machine is due for a maintenance/upgrade, or if its better to just change the system/machine altogether? If he just doing (1) or (2), and someone else needs to do the thinking and problem solving behind, I won't call him practicing engineering. My Indon workers can do (1) and (2) too. But they will never be put in charge of my engineering project until they can do (3).

If your argument is an engineer can easily move into accounting, then yes you are right. The barrier of entry into accounting is lower. But if you want to make the big buck, you must be a (3). And an engineer can't do (3) without first becoming an accountant.

In reality, I have not spoken to anyone who switched between these 2 profession and made it to (3). Although I have spoken to level 3 engineers who hoped they did accounting, I have never spoken to a level 3 accountant who hoped he did engineering. I have spoken to even more level 3 consultants, level 3 investment bankers, level 3 software developers etc who did accounting or engineering, and they don't really care about their education background.

Just sharing my experience.
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That is my argument. tongue.gif .

And yes, from then onwards, it is down to the persons capability and interest to improve themselves.

You wouldn't hire an accounting grad that doesn't know (3) either.

If an engineering grad applied for an accounting job, it must surely mean that they have some interest in doing accounting and as a hiring manager, you should invite them in for interview to be curious as to why an engineer applied to do an accounting job. You would probably be blown away by their answers. Don't take the elitist stance that engineers aren't able to do this job, because they can and are qualified.

Meanwhile, the same can't be said of an accountant trying to get into engineering without an engineering degree. Unfortunately, engineering doesn't work that way because of how engineering courses at University is structured. You really need to be motivated to complete the subjects taught and anybody who tried to apply for a engineer role that didn't go through a 4 year engineering degree is viewed as just a lazy person who was trying their luck.

And that is true also because nobody in their right mind would think that an accounting degree is equal in difficulty to an engineering degree.
SUSLiamness
post Jun 7 2021, 01:56 PM

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QUOTE(holypredator @ Jun 7 2021, 01:15 PM)
Yea... I've definitely been blown away...

Most of them got shit GPA which is easy to infer why they did not pursue engineering and come to finance field instead.....

My colleague hired a few local engineering grad with at least decent GPA and also one with 2nd upper.... biggest mistake of her life because they know nothing about basic finance.... don't even know how to read financial statements and don't even know the basic principals of arbitrage etc.

She said... no diff from hiring SPM holder cause have to teach them from bare basic.... and their attitude to learn is shit cause maybe they think they are "beyond the job" but they know nothing...

That's why later on... the CFO laid down a rule to only hire business management/finance/economics fresh grads.....
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kesian, sounds like your company is sunset industry lel.

all the top, most exciting firms these days only hire engineers or software engineering grads.

Palantir, a data analytics company at the forefront of pretty much everything only hires engineers who can code.

Tesla, a electric vehicle company at the forefront of EV revolution, hires thousands of engineers to develop their cars.

Amazon, Google, Facebook, & etc. Hires a good mixture of engineers and software dudes.


When the revolution finally lands on Malaysian shores, straight away engineers will be in demand.

Finance is a sunset industry. Nowadays, bots can do the trading. Brokers are all online base.

Accountants, ILPs, mutual funds, savings plans, stoke brokers on the floor at KLSE, bankers, loans officers and more are Boomers liao. Very soon, automation will take over their jobs and lots of finance/accountants will be out of work. lel.

Don't forget, Accountancy is 99% likely to disappear in the next coming years as software & AI can handle this liao. Sucks to be an accounting grad that nobody wants to hire anymore.


SUSLiamness
post Jun 7 2021, 02:05 PM

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QUOTE(hellothere131495 @ Jun 7 2021, 01:59 PM)
Yes, AI is replacing lots of things nowadays. And these AIs need professionals to supervise them.
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very very few and far inbetween.

The AI is cutting 1000s of jobs. Nowadays, accounting firms only need to employ 2 maybe 3 people to oversee the backlog and vet that the AI is functioning properly. If got issues, they will just refer to the software engineer or data analyst to figure out what happened. The accountant also needed for official signing purposes only. Their role become like the Agong. Sit at the throne, & shake legs. The rest of hundreds maybe even thousands of staff are no longer required anymore. So honestly, only the cream of the crop & people who are established within the industry will get to keep their jobs.

Everyone else, any new grads, and more will likely be told to go find work elsewhere. Most will likely end up at macdonalds flipping burgers. tongue.gif

Same can be said of finance background people.

Better reconsider doing accountancy or finance course. Those traditional jobs are fast disappearing in this new age of technology and automation robots.

The only future proof jobs in this new tech driven world are the jobs that are developing this AI technology. Which are engineers & IT professionals.

I would still choose to become an engineer over IT because the engineer is usually the one in charge of the entire thing. From conceptual design, building, and even implementation and execution of the technologies involved. Meanwhile, IT grads are like the new age draftsperson. Instead of working on detail drawings, the IT coder is now tasked to work on coding the software and they are explicitly told what to do by the engineer who oversees the entire operation and implementation.

Engineers & Architects will still rule this world. As long as technology is what is driving human civilisation, engineers are the master-minds and the leaders.

Don't believe me? Just go search up the background education of CEO of most top companies. Their background will likely started from engineering expertise.

This post has been edited by Liamness: Jun 7 2021, 02:13 PM
SUSLiamness
post Jun 7 2021, 02:15 PM

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QUOTE(Ic3dMil0 @ Jun 7 2021, 02:10 PM)
Parents want children to study very noble courses so that got face at the CNY round table.

The fight for sense of superiority already started since Form 4. Anak kamu aliran apa? Sains atau sastera?
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I would say if you are good with scientific subjects and maths, do Engineering.

If you are good with art, drawing, conceptual thinking, do Architecture.

In our world, it is architect and engineers who work together to build our world that we live in.

Every building was designed by an architect. Every building was built by an engineer.

These two professions work hand in hand to build our physical world.

Every other profession in the world is just support and function of society.

Doctors and nurses support prolong life and health. Soon to be obsolete, bankers and accountants support counting the numbers that funds the builds of society.



This post has been edited by Liamness: Jun 7 2021, 02:18 PM
SUSLiamness
post Jun 7 2021, 02:27 PM

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QUOTE(holypredator @ Jun 7 2021, 02:18 PM)
Whether sunset ke sunrise ke.... what I'm trying to say is each field of study is valuable to their own field of work...

Not sure how to get this through your head but engineering has many field of studies.... you sound like you only know engineering = engineering.... you do know there are aerospace engineer, environmental engineer, architectural engineer, chemical engineer etc. right??

Also... are you confusing computer programmer to engineers?? Try calling a master in chemical engineer code shit for you... I can guarantee that person would give you the middle finger...
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you do realise that computer engineering courses exists right??

And no, you don't even realise that a chemical engineer actually knows how to code.. lol. Their subjects taught at uni already have python and C++ la. Sau pei la. Do you actually think engineers dunno how to code ah? lol.

Electrical engineer also know la.

Why do you think Google, Amazon or Facebook hire engineers?? They are IT focus company what... Why then do they hire electrical, mechanical, chemical, instrumentation control engineers in the thousands?

And no, you must know what field you study is valuable to the world. Otherwise, you will become obsolete and quickly find out that your profession is no longer needed in this fast pace, tech & IT driven world. My argument is that not all degrees were created equal. There are more superior and better degrees to do. Engineering is one of, if not the top choice to do. No matter whether you choose to practice engineering in your working life or not. It's still a very wise decision to do it as I've shown that even in this IT driven world, engineers are at the forefront of the development of society. And they always have, & always will be in demand.

Sadly, I can't say the same about accountants or finance, and there are many articles alluding to the demise of accountancy as a profession in the coming years as AI and automation is quickly taking over their jobs. As an engineer, I can tell you how often I have to use software in my profession. And the answer is very minimal. Alot of things are still decided by me.

Meanwhile, your finance loan officer no longer is in control of any decision. It's all done by software and back of end. They end up becoming paper pushers.
SUSLiamness
post Jun 7 2021, 02:41 PM

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QUOTE(Ic3dMil0 @ Jun 7 2021, 02:24 PM)
Even ourselves want to get praised for able to secure a spot in one of the above profession. That's how Malaysian society is shaped sadly.

Very few has the passion in writing novels, movie, etc. Right from young, parents tell you that your life will be doomed if you dont do science. That's Malaysia has no master piece like Harry Potter, life of pie.. etc all we have is project jalan Raya and corruption practices by the approving authority.
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This is a common Asian theme la. Not just in Malaysia.

But things are fast changing and those who are smart to recognise this paradigm shift, can take advantage of it..

For instance, I actually encourage my own children to be creative and to tap into their creativity. I send them for piano lessons, drama school and art classes to encourage developing their artistic capability.

Infact, at home, I have purposely set up a room for them to explore their creativity and play. I teach my kid how to play the guitar and explore music together. This is important to me because I want my children to be creative. Even though I'm an engineer, I believe that numbers are no longer the future, it's creativity and artistic ability.

Every job of the future and during their time especially, will involve being artistic and thinking like never before.

The questions they will ask will be very forward thinking & predictive. And they will have the necessary AI technology to back up their thought process. Think of it like how Ironman asks Jarvis questions of building a new prototype and whether it will work or not even before assembling it. Ironman was only just exploring the idea but instantly, Jarvis is able to tell Ironman yes it will work or no it wont based on his back of end calculations, historical data and analysis of patterns and trends.

The same sort thing is going to happen for our children. They no longer need to do the hard work of number crunching to arrive at answers. No, instead, they will need to tap into their creativity and ability to think and conceptualise ideas. That only happens if you have a creative mind.


SUSLiamness
post Jun 7 2021, 04:07 PM

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QUOTE(ComingBackSoon @ Jun 7 2021, 02:48 PM)
From your statement that an accountant is only needed for official signing purpose, we can conclude that your understanding of the accounting profession is indeed very basic. Either the scale of the company that you have seen is small, or you come from the future. As of now, no accounting firms can employ 2-3 people to audit a proper company.

A modern accountant's role is not limited to bookkeeping. Automation can only takeover part of an accountant's tasks. In fact, automation is welcomed because it eliminated human errors and freed up a modern accountant's time to perform other tasks.

As of today, bots cannot:

1) Determine the optimum capital structure of a company
2) Determine the optimum group structure of a company
3) Determine the optimum deal structure in an M&A / JV etc
4) Launch cost saving initiatives for the group (tax savings, logistics etc)
5) Help my negotiate with external parties


Bots simply do not have the business acumen to replace me as of today.

But its ok. We can see that all thes facts do not matter to you because you are here to seek validation that you are intellectually superior as a human because you are an engineer. We can feed your ego. Technology is indeed truly what changes the way we live. If you are the chief engineer at Tesla, Google, or even SEA tech companies like Grab, hats off to you.  rclxms.gif

All hail Liamness the holy saviour of humanity. He who passed a 4-year engineering degree.
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I highly suggest you go and look up Palantir machine based learning product and software called Foundry. They are doing this very thing already in the US and Europe with companies like Boeing, Airbus, the US government already on board with them that helps them determine inventory, asset management, predictive failure models, implement cost savings and many more. Palantir is like the Jarvis software of the world and it is capable of doing what you mentioned and so much more.

You only need to google search "Will accountants be replaced by automation" and the answer is an unequivocal & resounding, yes.

Stick your head in the sand. I get that. Nobody likes to be told that they will be obsolete & their profession is under threat from disappearing entirely in a few years time. Nobody likes to hear news like that.

But if you were smart enough to recognise that you cannot and will not be able to compete with automation, you will start building exit strategies. Don't wait until it's too late and one fine day you are told to pack up your things because you are no longer needed. thumbsup.gif
SUSLiamness
post Jun 7 2021, 04:14 PM

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QUOTE(hellothere131495 @ Jun 7 2021, 03:03 PM)
To be clear, AI is not synonymous with bots.

Numerous individuals use the terms interchangeably. However, the true distinction between AI and automated systems is as follows:

AI is capable of learning in the same way that humans do. We do not program them to perform a particular task. Rather than that, we program them to learn things. As a result, they are capable of self-learning and performing a specific task independently. This is especially true for algorithms based on deep learning. For example, if we feed the AI 1000 images of cancer cells, he can learn the features of cancer cells and determine whether or not a new image he has never seen before contains cancer cells. The remarkable thing is that you can train him using images of other objects (not just cancer cells) to accumulate knowledge and become more intelligent over time.

Bots are intelligent computer programs that can perform tasks autonomously without human intervention. However, this does not mean artificial intelligence, as bots cannot learn from experience or mistakes. Nonetheless, certain AI algorithms can be used to develop bots.
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Ya, exactly this.. AI is about machine based learning. They can sift through data like never before and arrive at accurate answers.

It's already here and being implemented by major companies through-out the world. Take for instance, Palantir - Skywise machine based learning technology that is being used by the airline companies around the world: https://www.palantir.com/solutions/skywise/.

It can sift through complex data and details, Optimize best load configurations and find the most efficient routes that planes need to take in order to maximise their planes lifespan. It can already plan routes and automatically schedule repairs or get parts serviced and what not. This is next level and it is already here.

Accounting decisions and what not will be fully automated once companies start getting on board with data analytics software and they already are. It won't be too long now until they start ditching human accountants for AI software.
SUSLiamness
post Jun 7 2021, 04:21 PM

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QUOTE(holypredator @ Jun 7 2021, 02:42 PM)
Seems like you know jack shit and trying to double down... pathetic
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seems like I know alot of what I talk about and you are squirming at the realisation that accountancy is a dying profession about to be replaced by AI. tongue.gif
SUSLiamness
post Jun 7 2021, 11:58 PM

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QUOTE(ComingBackSoon @ Jun 7 2021, 07:59 PM)
Ppl say AI can do 1-5 leh. Maybe he come from 100 years in the future. Hahahah.

The general consensus is AI and automation can takeover the bulk of the work in financial reporting and auditing that nobody likes to do to begin with. There are a few areas of financial reporting and auditing that AI can never takeover.

If the day comes that AI is really that smart, then AI can takeover engineers job too.
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unless 3D printing takes off big time, and can produce reliable parts that is both weatherproof, EN, FM/UL certified, and safe for industrial usage, then I'm afraid my sorry ass , my company and my product will still be needed.

And like I've said, most of my job can't be done through automation or AI, yet. Perhaps it is also not worth it to automate my job as the volume & market cap isn't worth the effort or justification.

Meanwhile, there is a huge value proposition to get rid of thousands of accountants, close offices and overheads. Who knows what AI can and will do to boost your company bottom line and hence, increase their share price and profit.

Afterall, your company should be stock listed and everything that they do is geared towards maximizing profits.


SUSLiamness
post Jun 8 2021, 12:07 AM

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QUOTE(Darkripper @ Jun 7 2021, 09:30 PM)
I'm pretty sure traditional engineering course (civil, chemical, mechanical) doesn't teach C++.
Btw, those who think that AI will replace accountant/doctor/lawyer is so naive, they will work alongside them. A software system is pretty damn fragile, you think that it can handle everything so smoothly? Just look at driverless tech, how many years of hype already?
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Indons teaching Python to 2nd year chemical engineering students already. Malaysia also same la..



Programming is fundamental subject for engineers..

Fyi, engineers also have to do some finance & accounting courses too. I personally found those course way too easy. No wonder I always saw finance students leaving exam halls early. tongue.gif
SUSLiamness
post Jun 8 2021, 12:12 AM

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QUOTE(koraget @ Jun 7 2021, 11:00 PM)
And yet you are here...Why bother to go as far as Singapore instead of we have some example for the Malaysia part. LOL.


user posted image
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bro, alot of the courses already updated to teach python too.

Those new engineers are coming out with updated programming knowledge.

anyways, programming is clearly part of an engineer course and very fundamental too. I can't imagine any course not having teach basic programming or coding in this day and age. tongue.gif

It's a fundamental skill! Pity those finance grads who don't know how to code haha..
SUSLiamness
post Jun 8 2021, 12:22 AM

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QUOTE(ComingBackSoon @ Jun 7 2021, 08:10 PM)
Since I'm so free now let me entertain you and show you the 1st page of my Google Results.

I didn't cherry pick the articles. All are from my first page of Google Search. I dunno about you, but this does not look "unequivocal and resounding yes" to me. Unless your engineer degree have taught you a different meaning for what "unequivocal and resounding" mean.

https://medium.com/human-unity/will-account...rs-2be8cf966fab
https://www.thestar.com.my/news/education/2...ace-accountants
https://www.toolbox.com/tech/artificial-int...-in-the-future/
https://www.accountingtoday.com/opinion/let...ace-accountants
https://floqast.com/blog/will-robots-take-o...g-is-automated/
https://www.quora.com/Will-accountants-be-r...e-next-20-years
https://www.thesundaily.my/business/will-ar...tants-BE4556056
https://www.itp.net/news/94006-can-ai-and-a...ace-accountants
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I checked the links. These fellas all talk about robots like input data only. Maybe in the early 2000s yes, robots were like this.

But this isn't the case anymore..

They strangely didn't touch on the subject of machine learning AI. Perhaps, they don't understand it.

Machine learning is how our cars are being driven autonomously. Banks are already using machine learning algorithms to make better decisions and drive the banks core businesses. Same thing is happening with accounting too.

Robots no longer just input and sort data. They can begin understanding and reading this data and fine tune itself to make decisions based on what it is reading.

This is what machine learning is all about and why you as an accountant need to take notice of it and how it will impact your field in the not so distant future.

When you begin hearing about your company trialing new software to drive decision making, you need to take notice and recognise the immediate threat that this software will pose to your future. If decisions are being driven by software, you are no longer needed. Best of luck to you.

SUSLiamness
post Jun 8 2021, 08:40 AM

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QUOTE(juvaan @ Jun 8 2021, 01:58 AM)
Book keepers yes, accountants, yes and no.

The work that im doing today as an accountant i dont really see how AI will takeover anytime soon. We are really far from that. Not impossible though.
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Like I've said, AI is now machine learning and autonomous. It can make decisions based on the book keeping info.

Decisions like how to save money, how to optimize operations, when do you need to replace parts and assets, how and when to declare profits/losses to maximise tax breaks & many more decisions can now be made by intelligent AI software.

The function of an accountant is quickly being removed. Not just for book keeping, but for critical functions and decision making too. The CFO is no longer going to be a position helmed by a person, it will be an AI robot who plays that role in the next 2-5 years.

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