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?

I thought got accounting degree can get exemptions for ACCA ?

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.

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.

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.