No wonder my wife retired early. Quit while she’s ahead.
Picking a major - Accounting, Picking a major
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 Jun 20 2024, 06:21 PM
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#1
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7,847 posts Joined: Sep 2019 
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Accounting is at risk of AI replacement of lower level functions. Heck, even basic accounting software can do what a bookkeeper used to do in the past.
No wonder my wife retired early. Quit while she’s ahead. |
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Jun 21 2024, 06:02 PM
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#2
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Senior Member
7,847 posts Joined: Sep 2019
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QUOTE(SevenTwentyOne @ Jun 21 2024, 11:05 AM) Bookkeeping, yes AI can do it. Ultimately, AI will gain more widespread acceptance across many sectors of multiple industries, especially as the technology matures. When that day comes, only the elite creme of the crop will hold their own against the onslaught of the machines. Accounting and its ancillary roles are not immune and will be affected.AI is still in its infancy when it comes to financial management. Give and take +3 years with machine exponential learning capabilities perhaps AI can help on SAF (Suitability, Acceptability, Feasbility) with application of relevant business models (Porter, Mendelow's, etc) Human is still relevant when it comes to applying whatever AI churn out in business context.  |
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