THE ACCOUNTING JOB – END OR A NEW BEGINNING?
THE ACCOUNTING JOB – END OR A NEW BEGINNING?

Author(s): Dragos Ovidiu Tofan
Subject(s): Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: Artificial Intelligence; data analysis; digitalization;
Summary/Abstract: The World Economic Forum launched on May 3, 2023, the "Future of Jobs Report" which, based on a study applied to 803 representative companies from 45 economies, brings to analysis some shocking data regarding the evolution of the job market at global level. Thus, a simple arithmetic shows that the volume of 69 million new jobs predicted to be created in the next five years is dwarfed by the loss of 83 million positions, thus resulting in a disappearance of 14 million jobs. Motivated by the fact that Accounting, bookkeeping, and payroll clerks are among the most affected fields, the article analyzes the current position of this field of activity in relation to the new digital transformations and seeks to identify survival niches. In this sense, the needs of professional training are identified as well as how the process automations generated by digitization and AI can lead to the total or partial reinvention of the accounting profession.

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