Goodbye Finance & Accounting Jobs...Thanks A.I

[tswagg]

From working in accounting at multiple companies…I realized that while every company follows GAAP principles, every company does their accounting differently and there are A LOT of variables in place concerning small to medium sized companies. There is no cookie cutter approach which is what AI would need to be effective. And it would require every department of the company and subsidiary to be integrated on one software app for AI to do all the posting….Not to mention, the company would have to integrated with all its customers and vendors which is not easy to do and very expensive for small to medium companies. How is AI going to post a cash receipt if the client doesn’t include a remittance telling what invoices to apply to? That’s where it becomes a judgement call or a phone call with the client. Maybe they’re pre-paying for a future invoice. It’s just too many variables from month to month….

[godson]

Thanks for clarification on AI in Business. I did just learn how Excel parses information from a document into a data table. That is amazing. I see how we can use the information from a critical Thinking perspective, populated from AI tools. Great video

[JonSnow-jiff]

Great Video. I’m going to school for accounting next semester.

[gregoryjoseph]

AI is overrated, people be like ai gonna brush my teeth, gonna cook food.

[DavidTejuosho-cnwf]

I don't think ai will take over as this would literally go against the rat race and we do need to put in mind that finance isn't a honest business.

[MrVinogotti]

Im about to enter my junior year in double majoring in accounting and finance with a concentration in economics. Idk what careers i may end up in

[jordonsmith]

I go to college for finance in 3 months 🙁

[ImranQureshi-mfgc]

AI still makes basic factual and mathematical mistakes, let’s see what the future looks like

[raymonddee]

ai joke my time in 90 call expert systems will drain power like crazy like ev