Fixing Your Chart of Accounts Webinar
Dec. 27
10:00 - 11:00 a.m.
Details
Pricing
PICPA Member: $49 | Nonmember: $74
More Information
Course No.
EEJDFCA1
Level
Intermediate
Prerequisites
Some real work experience working with General Ledger Systems
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.
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.
Learning 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
Speaker(s)
John L. Daly, CPA, CMA, CPIM
Executive Education/Chelsea, Michigan
John Daly holds a BS from Denison University in Granville, Ohio and an MBA from the University of Michigan. He spent five years in Management Consulting with two national accounting and consulting firms before becoming Controller and then Vice President of Finance of an original equipment automotive parts manufacturer that saw six fold sales growth during his ten-year tenure. He has also been Chief Financial Officer of several other manufacturing companies and a large restaurant chain. He is the author of Pricing for Profitability: Activity-Based Pricing for Competitive Advantage published by John C. Wiley & Sons, and various professional articles.
Mr. Daly currently has a management consulting practice that specializes in early-stage turnarounds and pricing strategy. He also performs interim CFO engagements and sits on the boards of several for-profit and not-for-profit organizations.
You May Also Like
Jan. 31 | Webinar
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
...
Feb. 2 | Webinar
If
you’ve
made
or
are
thinking
of
making
an
investment
in
audit
analytics
software,
this
webinar
is
a
must.
Too
often
firms
invest
in
new
technologies
only
to
be
disappointed
...
Feb. 14 | Webinar
Dawn
Brolin,
author
of
the
new
book,
"The
Designated
Motivator
for
Accounting
Professionals",
leads
this
practical,
play-by-play
session
to
help
you
understand
the
key
positions
that
every
firm
needs
to
...