Question

You are on a plane traveling to visit family (pre-Covid 19) and you scroll through some news headlines on your tablet. You end up reading an editorial that discusses the changing nature of the economy. Specifically, the writer speculates that new technology will make the accounting profession outdated, since computers will automatically track and compile all financial data and make it easy for anyone with an online connection to access any data about a company’s operations that they wish. How will this affect your career prospects, as an accountant-to-be?

Answer 1

The days of clerks toiling about in their offices in order to extract and record the accounting informations of their firm, are a distant memory, today as the world advances towards new horizons in every field propelled by technology, only a delusional accountant could consider surviving just on the basis accounting knowledge. Technology has become an integral part in not only our professional life but in our day to day life too. Humans are not sentinel creatures of perfection and therefore the system of accounting which is developed and practiced by us suffers from flaws due to our inaccuracy, corruption, dishonesty, lack of foresightedness, window dressing, etc and such flaws can hamper the day to day working of a company or firm.

Technology, a creation of humans was created for eliminating such flaws and inculcating perfection wherever it is required to. Today we are suffering from crisis identical to the one faced by the earliest of humans, 'survival' , because of are ever increasing population and again the principle of survial of the fittest has gained prominence everywhere.

In order to achieve success in my career, I must be well armed with not only the accounting knowledge but also with command over the various accounting softwares in order to be well qualified for any and all professional opportunities that shall come my way.