Webcast: Fixing Your Chart of Accounts
218 | Webcast | Intermediate | Scheduled
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.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Accounting |
Designed For
Anyone with responsibility for a general ledger system
Prerequisites
Some real work experience working with general ledger systems
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
Objectives
Understand current chart of accounts best practices and how to fix the current mess that you may have
Prices
- Member (Early Bird)
- $49.00
- Non-Member (Early Bird)
- $79.00
- Member
- $49.00
- Non-Member
- $79.00
Instructors
John L. Daly, MBA, CPA, CMA, CPIM
John L. Daly, MBA, CPA, CMA, CPIM, has been a professional speaker since 1995. He seeks to make every session lively, informative and fun using a combination of case discussion, lecture and peer-to-peer interaction. John has presented in 46 states and 5 provinces on topics that include Accounting, Finance, Management, Software and Ethics. He began presenting ethics two weeks before the Enron scandal broke.
John has been CFO for a Tier 1 automotive parts supplier and a large restaurant chain and COO for a window treatments manufacturer and retailer. He is the author of Pricing for Profitability, published by Wiley & Sons, as well as numerous professional articles.
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