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Old 04-05-2015, 10:44 PM
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My answer is no. I cannot agree that outsourcing and automation will put Accountant's job in jeopardy. The main reason why big companies are outsourcing their so-called "accounting" or rather I would say book-keeping jobs to places like India is because of the voluminous repeating transactions. Book-keeping is not the job of an Accountant.

Being an Accountant is definitely more than that. You should be meticulous, have an eye for detail and able to see things more in depth. The scope of an Accountant varies widely. From financial planning to analysis, from management reporting to statutory reporting, tax, cashflow, costing, etc. If you are an Accountant in a regional office, your job will be more challenging. Some transactions can be so complex that Accountants have to scratch their head thinking how to record. Automation is to help Accountants turn out reports faster so that more time is being spent on analysis because Accountants are always fighting against time.

Try asking the outsourced companies to do the above and see what you get.
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