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Tuesday, May 28, 2024 Live Webcast

Fixing Your Chart of Accounts (X2-45233)

9:00 AM - 10:00 AM EDT

Vendor Platform

1 CPE Credits in AA


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.


Anyone with responsibility for a General Ledger System


Understand current chart of accounts best practices and how to fix the current mess that you may have.


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




Some real work experience working with General Ledger Systems




John Daly

John L. Daly, CPA, M.B.A., CMA, CPIM

Executive Education, Inc.

John L. Daly, M.B.A., CPA, CMA, CPIM, is a Chelsea, Michigan-based management consultant specializing in costing, pricing strategy and pricing model development. He has taught continuing professional education courses since 1995. 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 authored, Pricing for Profitability published by Wiley and Sons.