The accounting jobs to disappear by 2040!

Worried about accounting automation? Here is my take on which jobs will go away in the future. Start aligning your career path with accounting automation by being a system operator rather than a number cruncher.

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[rudekidd]

Jobs that shall survive the accounting armeggaddon:
1. Data analyst
2. System analyst
3. Controller (to keep in check the accounting function, correct data flow)

[jasontsui]

This is a very good topic. At the end of the day, low level accounting jobs will be eliminated but high level accounting jobs will survive cos accounting and auditing require lots of estimation and professional judgement applying substance over form concept and there are still potential errors and frauds in a good internal control system. We still need some highly skilled accountants to detect errors and frauds and make professional judgement and do financial analysis.

[ahunnidpacent]

I just had this conversation with someone. I will graduate with a master of science in accounting next year. But we are learning to use data analytics tools. On my own, I am going to get a cert in mySQL.

[vikasmehrotra]

I agree with you, big companies are already in Full swing of automation.. We need to upgrade ourselves with time.

[jenniferlim]

FYI, I used to work at a Norwegian company and we were already thinking of integrating the data from our T&E (travel & entertainment) provider's system with our ERP. This would probably have cut at least one quarter of a headcut. This was in 2005, btw. The Scandics are very advanced technologically, so Bill, what you are envisaging is probably already happening in Norway, Sweden, Finland & Denmark, in a relatively big way. Reason is their pay scales are higher than other countries, so they make it imperative to manage costs.

[TRUCKERTV]

yep, I'm in transportation, we don't touch invoices, factoring, and fuel bill at all. I review them to make sure they are good.

[babblesp]

We’ve officially gotten to the point that too many robots (computers) are taking over jobs. This is a problem. Technology is great, when it works properly, but we can’t just keep on letting it take over everybody’s jobs. I get the companies do it to save money and earn more profits, but nobody will be able to afford to buy the products if nobody has jobs. 🤔

[speculative]

If I have a little bit of an AP background, it seems like it would be a lot of work to become a controller or go into FP&A. I'm not interested in becoming a CPA at all. My sister isn't, and she's been in roles as a controller and CFO.

However, she got her MBA in Finance. What do you think about going this route? I already have a Master's in Public Administration, which turned out to be worthless. However, I can definitely succeed in an academic environment if it were worth my time.

Thanks for the videos; I really enjoyed the one featuring a day in the life of Accounts Payable.

[jwells]

I don't know if I'd worry about it. When I was in college in 2002, there were many articles talking about all the jobs that would be gone in just fifteen years. All of those jobs are still here, and in fact, there are shortages of workers to take those jobs. The only thing that will take accounting away in my opinion are robots, and they are coming, but I think it'll be more like 2060 when they completely take over 80% of all of the jobs.

[wazy]

Your work in the channel is underrated.

[thilaknandan]

Hey, I'm CPA can u make a video on future proof accounting & finance jobs.

[thejeremykeen]

So what will be the career path to get to controller at that point?

[Hellyeah]

Hey I am a accountant since 3 years now I get job in finance analyst or data analyst cazz both have same skills with domain knowledge but finance analyst need more finance knowledge but data analyst role needs more engineering knowledge
Which one should I choose please recommend me as an accountant in India

[Soulenergy]

This video is Gold!!! What automation tools would you recommend learning now to be prepared for the future?

[jamespravong]

Do you think Staff and Senior Accountant positions will survive?

[fulfil]

I'll be done with my ACCA in 2023 is it really waste of time??

[first]

If accounting is automated will an Accounting degree still be as valuable and respected as a Business admin degree or will it become like gender studies? I have been accepted for transfer to an Accounting BS program at an AACSB accredited college but I was also accepted to a Nursing program elsewhere and I know that job is automation proof. I am torn from all the conflicting information I'm getting and would appreciate some advice if you have knowledge of Accounting automation. The one good thing about the Accounting degree I could possibly pursue is that the college is offering very generous fin aid and I could graduate with less than $10k in debt so if Accounting does get automated I will not be too far in debt for the degree.

[JyotiShivaShakti]

Not fun to take a step back. I also notice from the requirements that nowadays they are no longer eager to hire an accountant. I'm already looking around to see what other work is possible😢

[nitinpawar]

Could you pls advice, what we should do to survive as receivable.

[Aleluyah]

What about finance, it will be at risk like accounting?