BLOG: Digital Financial Reporting
This is a blog for information relating to digital financial reporting. This blog is basically my "lab notebook" for experimenting and learning about XBRL-based digital financial reporting. This is my brain storming platform. This is where I think out loud (i.e. publicly) about digital financial reporting. This information is for innovators and early adopters who are ushering in a new era of accounting, reporting, auditing, and analysis in a digital environment.
Much of the information contained in this blog is synthasized, summarized, condensed, better organized and articulated in my book XBRL for Dummies and in the chapters of Intelligent XBRL-based Digital Financial Reporting. If you have any questions, feel free to contact me.
Entries from November 12, 2017 - November 18, 2017
Will Accountants Be Replaced By Robots (And What Can You Do About It)?
This is an excellent video, Will Accountants Be Replaced By Robots (And What Can You Do About It)? It is an hour and six minutes long, so a bit of an investment, but it is worth watching. Interestingly, it was published in 2015.
The most interesting thing about this video to me was this person's statement that accountants should control the business logic of systems, not the IT department. No system should be a "black box" or require the accounting department to rely on the IT department to change business logic or processes.
I completely agree with that statement. As artificial ingelligence us employed to automate more and more things over the next 30 years, professional accountants need to take back what they gave away during the last 50 years. Understanding business logic and tools for working with that logic are key.
Accounting existed before writing and numbers, invented 10,000 years ago. Like writing and numbers, computers are just a tool. A very powerful tool, but a tool none-the-less. Do you really want the tool makers controlling your craft?
Charlie
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