Fixing Your Chart of Accounts
Available Until
On-Demand Only
1.50 Credits
Member Price $39.00
Non-Member Price $59.00
Overview
Description:
A well-organized chart of accounts supports robust responsibility reporting, makes it easy to answer "what if?" questions and helps eliminate data entry errors. However, many organizations cling to the primitive practices of a half-century ago that impose barriers to developing budgets, holding people accountable, gathering useful data and keeping errors from creeping into their financial statements.
Best practices today look little like the examples you may have seen in business school. If you sense that your general ledger could do far more, this session will show you how to fix your problems
Learning Objectives:
After attending the presentation you will be able to...
- Understand current chart of accounts best practices and how to fix the current mess that you may have.
Program Content:
The major topics that will be covered in this class include:
- Current Chart of Accounts Best Practices
- Why developing a chart of accounts begins with studying your organizational chart
- How to identify your account segments
- Determining the order of your account segments
- Best practices for numbering account bases
- How to avoid memorization
Fixing Your Current Chart of Accounts
- How big company and small company software differs
- Two key approaches for preserving your historical data
- What to know when making major chart of accounts changes
Who should attend: Anyone with responsibility for a General Ledger System
Developed By: Executive Education, Inc
Instructor: John L. Daly, MBA, CPA, CMA, CPIM
CPE Credit: 1.5
Field of Study: Accounting (1.5 CPE)
Prerequisites: None
Advanced Preparation: Some real work experience working with General Ledger Systems
Format: QAS Self Study
Highlights
Current Chart of Accounts Best Practices
- Why developing a chart of accounts begins with studying your organizational chart
- How to identify your account segments
- Determining the order of your account segments
- Best practices for numbering account bases
- How to avoid memorization
- How big company and small company software differs
- Two key approaches for preserving your historical data
- What to know when making major chart of accounts changes
Prerequisites
Some real work experience working with general ledger systems
Designed For
Anyone with responsibility for a General Ledger System
Objectives
- Understand current chart of accounts best practices and how to fix the current mess that you may have.
Preparation
None
Non-Member Price $59.00
Member Price $39.00