As fast as the era change and grow many professions are often considered to be affected by disruption as a result of digitization. Reporting from the World Economic Forum, automation in conjunction with the COVID-19 recession creates a dual disruption scenario for workers. In the future, several jobs such as bank tellers are assumed to be replaced by robots. More than two-fifths of the large companies surveyed by the WEF have plans to reduce their workforce due to technology integration.
With the development of Artificial Intelligence, it is estimated that many workers will be replaced by the algorithmic system, many are also wondering whether the accounting profession can also be replaced by such technology, by robots. Reporting from Anggie Setia Sriningsih, Director of Corporate Affairs and Public Relations of Akulaku, until now there’s no AI technology that can completely replace the duties of every profession, including accounting. According to her, human analysis skills cannot be replaced by robots.
In practice, there are many things that are misunderstood about this profession. Most of the common people think that the job of an accountant is only to record/register and make financial reports – this activity is only called bookkeeping while accounting itself is broader than that.
Do you know? At the managerial level, in identifying transactions, an accountant needs to pay attention to various important factors, including generally accepted accounting standards, tax regulations, and related regulations. This decision will most likely have an impact on the company’s income statement.
One example is, to determine how the company’s assets are depreciated (depreciation), it is necessary to consider management to choose which depreciation method is more profitable. But on the other hand, this method must be adapted to the method of fiscal depreciation – which is stipulated in the Taxation Law. Errors in choosing the depreciation method and determining the useful lives of these assets will have a significant impact on the future of the entity.
Then what if the accountant profession is replaced by a “robot”?
Broadly speaking, the accounting profession for me is very difficult to replace by robots. Sometimes, there is an assumption of replacing the accounting profession with the robot as it stated, only peeling off a small part of the accounting process – which I perceive as bookkeeping, not the entire accounting cycle.