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Is Accounting Degree Still Relevant?

Mr Money TV

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This video is brought to you by Taylor’s University.

Is an accounting degree still worth it in the age of AI? 🤖📊
Everyone’s saying accountants are being replaced, but what’s really changing, and what skills are still irreplaceable?

In this video, we break down how AI is shaping accounting, and hear from real accountants about the future of their work. If you want a degree that actually keeps you ahead of the curve, this is the video for you.

🎓 Ready to future-proof your accounting career?
Check out Taylor’s Bachelor in Accounting (Fintech) (Honours) here: https://bit.ly/4pRFm45

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20 Comments

@nelson6705 8 months ago (edited)

In future, one company only needs 1 or 2 accountants to do all the stuff, instead of 10.

@stevenchan7366 8 months ago

AI reading this content and evolving

Just let u know, ur hand gesture/movement might be too much. 😅

@khairulzaman96 8 months ago

most for those taking It,business,engineer,science,education & medical degree will replace by Ai except Ai has limited for daily use

@keetlee2330 8 months ago (edited)

Juniors/fresh grads are f*cked. Everything taught to us in uni can/will be automated by AI. The stuff AI can't do ( 4:21 ) can only be learnt through real experience ON THE JOB! No amount of case studies can prepare you for the real thing. This is why higher education is losing its value proposition. Watch the sponsor segment. It's just a repackaged version of existing courses with a fresh coat of paint. The underlying principle is still outdated. There's nothing this course offers that an 18 y/o can't self study on their own with free/cheap online resources

@nekomew 8 months ago

Issue is the people on top don't really understand that. All they want is to cut costs and boost revenue.

@steven8148 8 months ago

cannot, AI mess-up data pretty bad. It cause more effort to repair the balance sheet if AI mess it up.

@S1LLY_C0ST4_L0V3R 8 months ago

AI can absolutely do 100% of your job if you know how to use it correctly. Unfortunately 99.99% of people don't know how to use AI correctly.

@wongc.l6938 8 months ago

Basic tertiary education is still necessary as it provides the basis for indepth understanding of future endeavors. However , experience is necessary to solve problems etc arising through our everyday lives.

@cac1504 8 months ago (edited)

You do not need accounting degree to do Step 4 advisory. You can interpret and analyse financial ratios and information if you have business degree (preferably MBA) in Strategic Management and Financial Management. With such MBA you have a better understanding of business. operations.

Gemini answer: If you want to know where to go, ask the MBA. If you want to know if you can afford to get there, ask the Accountant.

@towittowho 8 months ago

A lot of people generally hate numbers. These same people are deluded by the possibility of IA taking over accounting. In a
Condo management as well as a major club in Klang Valley, the committees took their eyes off book-keeping and had 30% of transactions not coded or miscoded. Both accounts were qualified.

AI does take out the mundane task of writing double entries. The investigative coding task is critical. The completeness of transaction checking is crucial. The analysis and utilisation of accounts is quite an art form. All these cannot be trusted to AI.

... unless you enjoy reading qualified reports

@weichyiloh9860 8 months ago

Every senior role, including CFO, started from levels 1–3. If AI has already replaced those levels, does that mean every fresh graduate will begin at level 4?

@limsiryuean5040 8 months ago

tbh, instead of AI, a simple and well-thought-out software could automate most of the accounting. Because most of accounting is less context-dependent and more formula-driven. This means accounting rules that could be automated by really good software are less subjected to breach of regulations and audit revisions.

To some it's positive since most accounting firms are notorious for OT for this kind of task with low salary. But it may raise the entry bar for aspiring accountants and cause ACCA or CFA to be less relevant. If you want to be analytic, a typical data analyst and data scientist with accounting textbooks can do that, just like they would in any domain.

@kokleongkan8154 8 months ago

In time to come IA will be able to think how human think about the analysed data and whatnot, just at the moment nit much such thinking abd sentiment are available.

@FiishLin 8 months ago

I'm more afraid of bad market for accountants than getting replaced by AI. By bad market I mean, overloaded work with peanuts salary. Most bosses don't appreciate accountants, since accountants is a cost to them just to fulfill paperworks and they think it is just debit and credit job.

@loganmystic1676 8 months ago

You will be surprised a graduate from APU university in basic computing or cybersecurity to be more employable than most graduates from middle tier private/foreign universities.

@vincenttan8109 8 months ago

Can work as tax advisor. Our government always change law on taxation yearly. This one AI quite hard to win human

@yokeleetan8525 8 months ago

Problem comes when people don't want to do the thinking part and relies totally on AI. If the financial report you receive is totally AI generated no point getting the auditors and accountants.

@clneosg 8 months ago

These accountants are slow to AI as AI is moving 10x per year. So now we have clawdbot and manus that can even decide, do, analyse, judge, prescribe, compute, make decisions so whatever they said here is like one year ago AI that they only using it heard from news. UNless they say they had used clawdbot and manus and other agentic AI successfully. Then the fear sinks in.

@christopherlim4743 8 months ago (edited)

The true focus of education is lost. Education is suppose to change the way we think. The purpose of evaluation is also lost. Prior to AI the assignment or essay is to test if a student has gone through the process, which could be seen in the results of the assignment, essay or exam. However with AI the process now need to be recorded and evaluated, seeing what AI prompt is used and why.
Primary school is about learning the foundation, reading, writing and arithmetic.
Secondary school is about getting knowledge.
Degree is about application of the knowledge
Masters is about questioning the knowledge
Doctorate is about creating new knowledge.