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How will AI affect accounting jobs?

ThomsonReuters

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

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ChatGPT Isn’t Terminator for Accountants…Yet

Going Concern

Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Accounting is ridiculously rules-based: assets = liabilities plus equities; debits = credits; cash in > cash out, etc. Your senior is probably not a synth.

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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Recording expenses and preparing financial reports.

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Your Firm and Your AI Future

CPA Practice

Rise of AI-powered Accounting Tools : We expect to see a significant increase in AI-powered accounting tools designed to automate tedious tasks, streamline workflows, and improve accuracy. One of the most significant risks of AI in accounting is the potential for job displacement.

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From Felon to Firm Owner: A Redemption Story

Going Concern

But fueled by a desire to prove people wrong, Scott blocked out the noise and eventually finished his accounting degree. Soon, he was hustling for any accounting job that would take a chance on someone with his background. Scott leveraged his sales skills to land an entry-level role at a local tax firm.

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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

The answer depends on your ability to adapt to the changing world of accounting. A report by Oxford University concluded that there was a 99% chance that tax preparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants. no spreadsheets required).