End of Accounting?!?!

I found this article online which commented on Accounting's outdated practices, specifically with regards to intangible assets, and declared "the end of accounting."(http://www.wsj.com/articles/the-end-of-accounting…)

Is there any truth in this statement? Is accounting dying or just in need of evolution. I am a student studying accounting, should I be nervous about the value of my education?

4 Comments
 

It's too late now, your fate has been decided and the future is doomed. I'd start learning subsistence farming, carpentry, hunting and knitting if I was you.... it's the only way you can survive.

Absolute truths don't exist... celebrated opinions do.
 

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Only two sources I trust, Glenn Beck and singing woodland creatures.

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