Designing a Chart of Accounts
David Klipa, Marnie Fulton
Modern financial systems offer significant improvement over historic accounting applications in terms of their capacity for recording and accessing financial data. However, institutions often find that once implemented, the "system" does not meet expectations in the area of improved capacity for fiscal management and reporting. This often is not the result of delivered system functionality, but rather the outcome of the configuration and initial design decisions. When implementing, re-implementing, or upgrading a financial system, the development of the Chart of Accounts (CoA) is one of the most important design decisions that an organization will make.
This webinar provides an overview of alternative CoA structures, important design considerations, and an approach for designing a chart of accounts that meets the changing needs of your institution.Watch Webinar