Disruption by technology

Along with all industries, accounting will be, and is starting to already be, disrupted by technology.

One of these impacts, is a strong trend for accountants to need to focus more on analysis and advice and less on simply preparing tax returns and accounts. 

The more straightforward technical tasks of accountants are being increasingly outsourced (through use of technology) to developing countries with much lower labour costs … and these tasks will also be increasingly automated over the next few years.

Check out the following:

Trend to Analysis and Advice

Giving Advice – Opinions Not Just Facts

Advice – Bit Size Chunks

Automation

ATO Automation

ATO Automation – 2

Real-Time Reporting to ATO

Outsourcing and Self Service

Diversification

Accounting Jobs At Risk

Automation: No Need to Fear

Advisory Capacities: Grant Thornton

Freelance Accounting

Exporting Accounting Services

Embracing Offshoring

Offshoring Bookkeeping to the Philippines

Time-Based Billing

Communication skills

Why I am Going to Fail

Learn to Fly Foo Fighters Rockin 1000

ShineWing

Technology

Advisory Capacities: Pitcher Partners

Block-chain technology

Robots Taking Jobs

What implications does this have for us all in business? What is accounting really about … what do I need to know about accounting to be able to be successful in business and/or to invest in businesses?

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