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I found this article online which commented on Accounting's outdated practices, specifically with regards to intangible assets, and declared "the end of accounting."(http://www.wsj.com/articles/the-end-of-accounting…)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

 

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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