Hello,

Picking a major to start my degree.
Is Accounting still a safe career choice?

On JobStreet, listings for Accounting graduates is high in number.
On the other hand, many individuals claim AI will replace a significant number of accountants.
Private universities appear to actively advertising accounting. I assumed there are too many accounting graduates thus creating a supply-demand imbalance?

Waste time in accounting for degree. Strait go for professional course. ACCA

No ai can take away accounting

This post has been edited by OlgaC4: Dec 26 2023, 06:20 PM

Every company need accountant so I can say one of the highest demand in the market. AI will not get rid of the position, at most it will reduce number of staff in the account department.

1. On AI replacing accountants - they will replace some basic data entry function like keying in invoices and basic bookkeeping. accountants do more than just book keeping. They have to make sense of the financial data and translate that for the management. This will be something difficult for Ai to replace.

2. On too many accounts professional - yeah but then demand is high too. Every company needs accountants and finance professional.

The best value option is to take the ACCA route. Fees are affordable and most finance position this over a simple degree. However downside to this is you have to pass all the paper, and it’s more difficult to seek non accounting and finance position because they die die want a degree in something.

Yes it is a safe career choice where a Bachelor of Accounting could lead you up to being accountant, financial planning and analyst, auditor, taxation specialist, consultants, business analysts, and many more.

AI replacing accountants? Won't be replacing but easing the process of data entry or bookkeeping or repetitive tasks. At the moment there is AI tech being integrated into the work but personally for me Accountants are still needed.

Private universities are advertising as there is decline of graduates in the Accountancy path. You could search up about declining of Accountants in Malaysia and even globally due to various reasons like long work hours, stressed environment and notoriously "toxic" environment.

Some might argue that going for Bachelor Degree of Accountancy is waste of time and longer hours compare to ACCA path route but ACCA path route students where from what I had observed are struggling in few aspects as they do not have assignments, projects management and subjects module that cater for reality of work. Purely my opinion and my observation from the industry.

Definitely safe

Ppl keep saying AI replacing accountants. = It's false.

It will only replace basic accounting data entry. So, those aunties working as accounts clerk might be worried spreading all those rumours.

Accountants are still needed at the higher level.

Supply more than demand? = False

In fact there's a shortage. U can google up news on this.

Don't listen to uncles/aunties telling you nonsense news

I thought got accounting degree can get exemptions for ACCA ?

depends on which accountancy.

Shared Services definitely require AI. But its not going to replace accountants soon, its going to make it more "efficient" and automated.

However, shared services only require Accountants at higher managerial levels to manage Accounts operations such as credit control, invoice/billing/collections, payment services, banking and treasury.

Accountants are still high demand esp for those in statutory reporting, audit and management reporting.

can but why you want to waste time.

I think its around the same time, depends on how smart you are.

But accountancy degree got advantage over ACCA.

Degree you got mix of other subjects like marketing, business, economics, commercial law.

You can actually branch out to other fields with degree unlike ACCA very specialised.

You are wasting your time and your parents money. All other skill you can get when you are working. You need more experience fast.

This post has been edited by OlgaC4: Feb 7 2024, 10:56 AM

Company do not look at your degree. They look how fast you completed your ACCA.

statutory reporting, audit and management reporting all low pay salaries.

Aim for CFO. FC. MD.

no, not necessary.

I see the degree holder pass ACCA 1-2 years after their degree.

Almost same time as the ACCA holder.

Unless you are CIMA, degree holder got more flexibility in getting jobs. ACCA, they only limit for reporting and audit. Even big 4, emphasis more on degree holder.

My friends who are partners at big 4 tells me they prefer degree holder more.

hello?

All the CFO and FC in large co, before they reached that level, they were all once in audit, mgmt and statutory reporting.

you cannot become CFO after graduation. Unless that co is your papa and mami or small co.

Lazy to argue. Anyway big4 prefer degree because you cannot jump work unlike ACCA where you can go basically anywhere on earth.


ya you must start in low level but if you stay there you got monkey money.

All big 4 pay super low money even you are partners.


Ask your friend to wake up.

This post has been edited by OlgaC4: Feb 7 2024, 12:17 PM

I won't say whether degree or ACCA has bigger advantages

Both of them has its own advantages.

Don't discount taking degree, because it will exempt most ACCA subjects.

Better opt for programming, IT stuff.

Go learn programming + LLM + AI

This post has been edited by SevenTwentyOne: Jun 20 2024, 03:09 PM