Fixing Your Chart of Accounts

John L. Daly, MBA, CPA, CMA, CPIM, Executive Education Inc.

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 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.