Thanks Ferg as always. I know your post isn't really trying to argue this, but my view is that we are light years away from blockchain/AI/automation taking over the accounting industry. The complexity that sits in the accounting/audit standards/tax legislation doesn't help, nor does the fact that accounting firms and systems are so slow to adopt (despite what they might argue!).
You'll also find that big-four accounting grads don't even want to work that involves basic book-keeping as it's beyond them. Makes it pretty hard to audit a large multi-national if you don't understand debits and credits.
There's a lot to be said for a good accountant who knows how to post journals!
Thanks Ferg i also have a decent play in mma after reading your contrarian views on offshore ways past
happy management have done very well reviving the company but equally disappointed they are selling a money machine..also just read their trading hold in regards to the deal could be something there
I had no idea about Talley Sticks as currency
I’m skeptical that the US would give up the dollar as it gives us do much power but skepticism is not the same as disbelief
Best financial dystopian novel I’ve read was The Mandibles by Lionel Shriver because it seemed realistic.
Came to mind due to your post
It was a haunting novel because it so accurately portrayed how I fear things will ultimately look in the event we really do have a currency collapse.
Plus in that type of scenario, where you have to know how to do actual useful, manual things, I'd be completely at a loss.
amen to that. services not as important then
Thanks Ferg as always. I know your post isn't really trying to argue this, but my view is that we are light years away from blockchain/AI/automation taking over the accounting industry. The complexity that sits in the accounting/audit standards/tax legislation doesn't help, nor does the fact that accounting firms and systems are so slow to adopt (despite what they might argue!).
You'll also find that big-four accounting grads don't even want to work that involves basic book-keeping as it's beyond them. Makes it pretty hard to audit a large multi-national if you don't understand debits and credits.
There's a lot to be said for a good accountant who knows how to post journals!
Agreed, swapping sticks for paper, appears somewhat easier than blockchain/AI/automation for the masses.
That comment is referring to CBDC
Thanks Ferg i also have a decent play in mma after reading your contrarian views on offshore ways past
happy management have done very well reviving the company but equally disappointed they are selling a money machine..also just read their trading hold in regards to the deal could be something there
a chart with ZERO relevance