Fixing Your Chart of Accounts

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  • Location
    • Your Computer
      Your Space
      ISCPA / CPA Crossing Webinar, ID 00000
  • Credits
    • 1.00
  • Credit Type(s)
    • Accounting (1.00)
  • Prerequisites
    • Some real work experience working with General Ledger Systems

  • Vendor
    • CPA Crossings
  • Level
    • Intermediate
  • Fields of Study
    • Accounting
  • Message
    • Virtual Experience

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 This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
  • Presented by John L. Daly, MBA, CPA, CMA, CPIM
  • 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.

    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

    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





    Advanced Prep

    None

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    Leaders

    CPA Crossing Panel

    No Biography Available

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