Member Since: Dec 7th 2007
Brian F. Tankersley, CPA.CITP, CGMA (@BFTCPA, CPATechBlog.com) advises firms and companies on accounting technology issues. He has served as the technology editor for a major accounting industry publication, and currently teaches courses in the US and Canada through K2 Enterprises for professional accounting organizations across the US and Canada. Brian and his family make their home in Farragut, Tennessee.
Speaker and Consultant Tankersley Consulting
Mar 21st 2018
I agree that AI and ML have a lot of potential to change accounting, but today they are just that- unrealized future potential. What I'm seeing is a lot of people trying to sell programmed rules-based classification (e.g. bank feeds and rules in QBO/Xero) as AI, and we refer to that as "Artificial" artificial intelligence. I agree with your conclusion that our jobs will change, and I think the people who say that accounting will end are completely out of control. I've been in the profession since 1992, and have dodged many things which were supposed to end accounting including microcomputers, digital imaging, outsourcing, accounting software, the web/internet, and many others. The reality is that our work will change, but I really think the only people who will be left behind are the people who refuse to use these techs when they are available... And they're not available to most of us yet.
Mar 21st 2018
Thanks, @skinnyvinny. FOMO is the best tool in the scamster's toolbox, and it is everywhere these days. I have people asking about AI, machine learning, and Blockchain in accounting, and so far, the only people making money on it are the consultants exploiting the FOMO in the marketplace. Brian