24SX-0058: Fixing Your Chart of Accounts (Self-Study)
Valid for one year from purchase date
Self-study - On-Demand
1.5 CPE (1.5 technical)
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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
Major subjects
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Current Chart of Accounts Best Practices
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Why developing a chart of accounts begins with studying your organizational chart
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How to identify your account segments
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Determining the order of your account segments
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Best practices for numbering account bases
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How to avoid memorization
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Fixing Your Current Chart of Accounts
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How big company and small company software differs
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Two key approaches for preserving your historical data
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What to know when making major chart of accounts changes
Learning objective(s)
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Understand current chart of accounts best practices and how to fix the current mess that you may have
Who should take this program?
Anyone with responsibility for a General Ledger System
Fees
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If you register, you will be charged
$43.50
(Standard Nonmember Fee).
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Standard Member Fee |
$43.50
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 Standard Nonmember Fee |
$43.50
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