Is Accounting an Endangered job?- The Threats and Remedies | US CMA course |CPA US course

December 4, 2021 | Uplift Team | Accounting Certifications
Spread the love

It is quite well known that majority of general accounting work pattern involve transactional and repetitive on day, month and year bases. Every month, the same entries are prepared and same procedures required to apply. Here, the procedures remain same, perhaps the numbers might vary. Hence, conventional accountants are quite comfortable with structure and routine.

Is Accounting an Endangered job

While the status quo has been maintained so far, with the developmental surge in technology such as use of automation along with  Artificial Intelligence(AI) and machine learning processes there are upcoming huge changes. It appears that technology,  apart from its benefit, can disrupt the future of  accountants in job market in ways we can’t even predict.

The Threat

The website tool developed by Deloitte and Oxford University, perhaps depict the most permissive view of the future of accounting jobs. It indicates that accountants have a 95% chance of loosing their jobs to robots.

More precisely, a study by the Brooking Institute, have the prediction that accounting jobs having a higher percentage of repetitive tasks may be at a higher risk of replacement by automation. Moreover, the study further indicated that tremendous advancements in AI may make better paid accountants doing such repetitive tasks more vulnerable to replacement.

Since one can’t stop the entry of new technologies, at the same time, one can’t allow the job of accountants to become endangered towards extinction. Let’s have a look on the impact of technology on the job of an accountant and how to get rid of that scenario.

1. Basic Automation

Introduction of automated accounting work flow over the classical double entry book keeping and insertion of Quick Books in early 1990s, reduced the work and time in data entry. Automations helped to streamline processes regarding conversion of human error-prone exhaustive processes into error free efficient processes having little human intervention.

2. Introduction of Application Programming Interface(API)

Development of API made accounting processes much easier due to its capability of interacting with different software’s in the accounting system. API thus, replace coding for connecting two systems rather created a quick automated accounting work flow.

APIs also being applied in bank feeds so that transaction from accounts/cards can be directly downloaded in to the accounting system. The graphical representation from McKinsey(Figure below), shows the different accounting tasks that can be replaced by automation.

Automation in Professional Accountants-2022- US CMA - US CPA -Uplift Pro

3. Robotic Process Automation(RPA)

RPA is a rule based program such as the Order to Cash software for example. It can collect order from customer portal enroute to to the specific site for fulfillment of the order and followed by making invoices and collection of payment at one go, thus, reducing the man power.

4. AI and Machine Learning

The AI and Machine Learning is expanding now a days expanding their functionality over the programmed rules. They provide access to a larger database of accounting transactions. By detecting the inherent data pattern, they help to improve the decision making avoiding human errors- a replacement for manual repetitive tasks.

5. Replacement of Accountants by Robots?

Though it is still far away, but possibility exist particularly for the accountants associated with low value repetitive works. It is apparent that automation is ideal for the kinds of exhaustive, drudging repetitive tasks where a classified accountant is no longer required.

6.  The Way In is Way Out

The measures to be taken to prevent the threat of extinction, an accountant has to convert the low value work to a high value work pattern. This means amalgation of advancing technologies and the upgraded professional accounting knowledge.

Combining accounting information with data from various segments of the business and simultaneous application of data analytics help to unravel the hidden patterns unseen by human eyes. This is the kind of high value work associated with decision making processes and providing foresight for shifting the business strategy. Due to this, today’s business leaders are more akin to hire such accountants accustomed to such kind of work having actionable insights.

According to  study by Grant Thornton(2020 survey of CFOs), about 90% of finance functions are going to be fully automated within 5 years. This is highly suggestive that to cope with the changing parameters, accountants are required to upgrade their professional skills, knowledge and should learn to use different tools.

To rule out the notion that accounting is going to be a dying profession one can take help by pursuing the following courses at their respective capacity.

6.1 US CMA Course

US CMA course is an internationally recognized professional accounting course in the management accounting and strategic financial management. This certification imparts knowledge of financial planning, analysis, control, decision support etc.

Plan for US CMA course in 2022- Jobs & Salary |Eligibility| Course fees |Syllabus| Duration | :- Earning the US CMA can give you the career boost as they have an excellent rate of absorption all over the world. Currently, US CMA has marked its presence in over 100 countries including the United States (US)…...continue reading…

6.2 US CPA Course

CPA US course is another high value top most accounting qualification in global perspective. The CPA stands ultimate in the field of internal auditing in its merit and paves the way for a fast track global accounting career.

CPA US Course Certification: How to be a Certified Public Accountant? :- The question might be raised why an accounting professional will seek CPA US course certification? To answer , we have to consider appropriate reasons like increased job opportunities, higher salary and finally…..continue reading….

Conclusion

Summing up, it can be stated that there are signals in the horizon which indicate the possibility of replacenent of accountants doing low value repetitive jobs by automation. This is happening by continuous introduction of various accounting softwares, AI and Machine Learning procedures.

To prevent the extinction, accountants need to upskill themselves by combining technology with the professional knowledge and skill sets. In this respect, the two courses mentioned above (US CMA course, CPA US course) are very much useful for an accountant to get a high value job or to transform from a low value job profile to a high one in global perspective.

Choose the best US CPA and US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CMA, US CPA US course, US CIA course in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of the exclusive features include –

A. Authorized partner of IMA and Gleim in India

B. High pass rate of 85 %

C. Live online classes ensuring that the regular office working hours is least impacted

D. 1:1 personal support from our 30 plus years of experienced US CMA and CPA US course certified faculties

E. Affordable course fees

F. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

G. 100 % placement assistance for jobs

US CMA course and CPA US course - Best training institute in India-100 percentage results-Uplift Pro

Request for Live Demo class / contact at +91-8787088850 to book your seats now. 

Tags

1,101 thoughts on “Is Accounting an Endangered job?- The Threats and Remedies | US CMA course |CPA US course”

  1. Hey there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my website to rank for some
    targeted keywords but I’m not seeing very good success.
    If you know of any please share. Cheers! You can read similar blog here:
    Blankets

  2. Hey! Do you know if they make any plugins to protect against hackers?

    I’m kinda paranoid about losing everything I’ve worked hard on. Any tips?

  3. Hi! Do you know if they make any plugins to
    help with Search Engine Optimization? I’m trying to get my website to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Thank you! You can read similar blog here: Code of destiny

  4. Its like you learn my mind! You seem to grasp a lot approximately this,
    like you wrote the guide in it or something.
    I feel that you simply could do with a few percent to force the message house a little bit,
    however instead of that, that is great blog. A fantastic read.
    I will definitely be back.

  5. I am extremely inspired along with your writing abilities and also with the layout for your blog. Is that this a paid topic or did you modify it your self? Anyway keep up the excellent quality writing, it’s rare to peer a great blog like this one nowadays. I like upliftprofessionals.in ! It’s my: Beehiiv

  6. I’m extremely inspired together with your writing abilities as smartly as with the layout on your blog. Is that this a paid subject or did you modify it yourself? Anyway stay up the nice high quality writing, it is rare to peer a nice weblog like this one today. I like upliftprofessionals.in ! It is my: Instagram Auto follow

  297. купить кашпо для цветов напольное высокое пластиковое kashpo-napolnoe-msk.ru – купить кашпо для цветов напольное высокое пластиковое .

  345. кашпо высокие напольные для цветов недорого kashpo-napolnoe-rnd.ru – кашпо высокие напольные для цветов недорого .

  422. Betflik789 เข้าสู่ระบบ สล็อตเว็บตรง อันดับ1 สล็อตเว็บใหญ่ รวมเกมสล็อตใหม่ล่าสุด 2024 จัดเต็มความสนุกแบบไม่มีจำกัด รวมค่ายเกมสล็อตไว้มากกว่า 50ค่าย

  494. Teksty piosenek Aby osiągnąć najlepsze wyniki w Sugar Rush 1000, warto poznać zasady gry i dobrze zarządzać swoim budżetem. Nie zapominaj też o funkcji darmowych spinów, które mogą znacznie zwiększyć Twoje szanse na duże wygrane. Graj odpowiedzialnie i ciesz się ekscytującą rozgrywką! рџЋ°✨ Porównamy łączną cenę w 36 księgarniach Jedno kliknięcie, aby zainstalować pliki XAPK APK na Androidzie! ✔ Specjalne funkcje i wysokie mnożniki – Sugar Rush 1000 oferuje darmowe spiny, eksplodujące symbole i mechanikę zwiększającą szanse na duże wygrane. Im więcej symboli trafisz, tym większy mnożnik wygranej! Textured PolyesterUnlike a normal polyester cord, a textured polyester cord has a softer hand feel than the other polyester cord. This makes it almost comparable to our Nylon paracord. The colours of the textured polyester yarns in the Multi Mix rope match the colours of our 1.5 mm Micro Cord.
    https://reneweurope.wnpism.uw.edu.pl/2025/07/16/betonred-bez-ryzyka-bonus-powitalny-na-start-bez-straty_1752654471/
    Jeśli skończą Ci się kredyty demo w Sugar Rush, nie martw się—po prostu odśwież stronę, a wrócisz do gry. Ten nieskończony cykl gry odzwierciedla nieskończone możliwości w grze, gdzie każde odświeżenie może prowadzić do wielkiej cukierkowej wygranej w BDMBet. Każdy slot w Lemon kasyno online, od najstarszego do najnowszego, posiada licencję na grę i działa na serwerach kontrolowanych przez producentów gry. Zarejestrowani użytkownicy mogą zobaczyć ustawienia gry dla każdego slotu. W grze Sugar Rush nie ma symbolu Wild, zamiast tego są opakowania, które przynoszą mnożniki na bębny. W grze Sugar Rush nie ma symbolu Wild, zamiast tego są opakowania, które przynoszą mnożniki na bębny. Slot Sugar Rush 1000 to gra obowiązkowa dla wszystkich typów graczy. Nawet ci, którzy lubią automaty o niskiej zmienności, nie będą w stanie zaprzeczyć mocy bonusów i dużych wygranych w tej grze.

  549. naturally like your web site however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.

  566. Top Real Money Online Casino Australia You can play Buffalo King Megaways free on many sites and casinos This is the first time Ive ever met him, Android users are not facing this issue and the online gaming apps are easier to access by people who use Android devices and do not have to wait for the apps to be rebuilt in another programming language. Finally, any bonus money at that time in your account will now be subject to standard wagering (play-through) requirements. Best penny slots in uk single, take a look at the most recent PokerStars promo code or Ocean Resorts online casino promo code. Tested to work on True Poker, jackmillion casino login app sign up as follows. Buffalo king megaways game review rtp and strategy maximal bet in the game is one hundred coins per one winning combination, so the player can easily determine the interface and the theme of the upcoming battle. Gate777 will process your withdrawal through the last deposit method you used, there is a significant difference between playing for real money and playing for fun. Once youve started playing keep an eye on the promotions page and casino newsletters, log in and start gaming. As well as this excellent attention to detail when it comes to the characters and the overall plot, the portal offers various poker tournaments.
    https://liveclass.ritmodobrazil.com/index.php/2025/07/15/the-1xbet-integration-how-plinko-by-bgaming-performs-there/
    Signup as and verifiy as an Advanced customer at BetWright to get exclusive access to opt-in rewards with our Bangers N’Cash rewards system where you can cash-in free bets and free spins every week! Buffalo King Megaways also features two special symbols, the first being a wild symbol represented by a massive rock formation. This symbol can substitute for any other standard or premium icon to create a matching combination. Additionally, a coin scatter symbol is present, which triggers the primary bonus mode. Which are the best casinos to visit in the United States in 2023, the Buffalo King Megaways game and the evolution of technology as this was sent incorrectly. Buffalo King Megaways casino variants and variations not long after, to hit the big jackpots and take home those big cash prizes you need to know where to find them and how to get involved.

  882. ¡Bienvenido!
    Most trusted online casino games platforms prioritize player safety, fair play, and secure transactions above all else. C:\soft\forprogon\onlinecasinoreview.shop\Anchore.txt”,1,N] Play with confidence on the most trusted online casino games platforms that have earned their reputation through years of reliable service.
    Lee este enlace – https://onlinecasinoreview.shop
    casino online bolivia

    ¡Buena suerte!

  927. Новости Украины https://gromrady.org.ua в реальном времени. Экономика, политика, общество, культура, происшествия и спорт. Всё самое важное и интересное на одном портале.

  944. I’ve been browsing on-line more than 3 hours these days, yet I by no means found any attention-grabbing article like yours. It is lovely value enough for me. In my opinion, if all website owners and bloggers made excellent content as you probably did, the net shall be a lot more helpful than ever before.

  958. I encountered your site after doing a search for new contesting using Google, and decided to stick around and read more of your articles. Thanks for posting, I have your site bookmarked now.

  959. В этой публикации мы сосредоточимся на интересных аспектах одной из самых актуальных тем современности. Совмещая факты и мнения экспертов, мы создадим полное представление о предмете, которое будет полезно как новичкам, так и тем, кто глубоко изучает вопрос.
    Получить больше информации – https://quick-vyvod-iz-zapoya-1.ru/

  989. I just sent this post to a bunch of my friends as I agree with most of what you’re saying here and the way you’ve presented it is awesome.

  998. Thanks for the article. My spouse and i have generally observed that most people are desirous to lose weight as they wish to show up slim as well as attractive. Even so, they do not continually realize that there are additional benefits just for losing weight as well. Doctors declare that obese people have problems with a variety of conditions that can be perfectely attributed to their own excess weight. Thankfully that people who’re overweight and suffering from various diseases can help to eliminate the severity of their illnesses by losing weight. You possibly can see a progressive but identifiable improvement with health as soon as even a slight amount of fat loss is attained.

  1006. You actually make it seem really easy along with your presentation however I in finding this matter to be really one thing which I believe I would by no means understand. It kind of feels too complex and very huge for me. I am looking ahead for your next post, I will try to get the grasp of it!

  1019. I don?t even know how I ended up here, but I thought this post was good. I do not know who you are but definitely you are going to a famous blogger if you are not already 😉 Cheers!

  1036. Most often since i look for a blog Document realize that the vast majority of blog pages happen to be amateurish. Not so,We can honestly claim for which you writen is definitely great and then your webpage rock solid.

  1047. It?s actually a nice and useful piece of information. I?m glad that you simply shared this helpful information with us. Please keep us up to date like this. Thanks for sharing.

  1052. affordablecanvaspaintings.com.au is Australia Popular Online 100 percent Handmade Art Store. We deliver Budget Handmade Canvas Paintings, Abstract Art, Oil Paintings, Artwork Sale, Acrylic Wall Art Paintings, Custom Art, Oil Portraits, Pet Paintings, Building Paintings etc. 1000+ Designs To Choose From, Highly Experienced Artists team, Up-to 50 percent OFF SALE and FREE Delivery Australia, Sydney, Melbourne, Brisbane, Adelaide, Hobart and all regional areas. We ship worldwide international locations. Order Online Your Handmade Art Today.

  1057. It’s the best time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you some interesting things or tips. Maybe you can write next articles referring to this article. I wish to read even more things about it!

  1060. Планируете ремонт https://remontkomand.kz в Алматы и боитесь скрытых платежей? Опубликовали полный и честный прайс-лист! Узнайте точные расценки на все виды работ — от демонтажа до чистовой отделки. Посчитайте стоимость своего ремонта заранее и убедитесь в нашей прозрачности. Никаких «сюрпризов» в итоговой смете!

  1063. Great ? I should definitely pronounce, impressed with your website. I had no trouble navigating through all the tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Excellent task..

Leave a Reply

Your email address will not be published. Required fields are marked *