Chart of Accounts Redesign

Chart of Accounts Redesign, available at $22.99, has an average rating of 3.2, with 7 lectures, 1 quizzes, based on 14 reviews, and has 66 subscribers.

You will learn about Understand the Importance of the Chart of Accounts for the Accounting Function Why Chart of Accounts becomes Outdated Changing Role of the CFO and impact on Chart of Accounts How to Redesign the Chart of Accounts using a standard Methodology This course is ideal for individuals who are Team Members of the Finance Department of different Organizations or ERP Finance Functional Consultants or Strategy and Advisory Consultants or Students of CA, CMA, MBA, MCom or Business Owners and Entrepreneurs It is particularly useful for Team Members of the Finance Department of different Organizations or ERP Finance Functional Consultants or Strategy and Advisory Consultants or Students of CA, CMA, MBA, MCom or Business Owners and Entrepreneurs.

Enroll now: Chart of Accounts Redesign

Summary

Title: Chart of Accounts Redesign

Price: $22.99

Average Rating: 3.2

Number of Lectures: 7

Number of Quizzes: 1

Number of Published Lectures: 7

Number of Published Quizzes: 1

Number of Curriculum Items: 8

Number of Published Curriculum Objects: 8

Original Price: $22.99

Quality Status: approved

Status: Live

What You Will Learn

Understand the Importance of the Chart of Accounts for the Accounting Function
Why Chart of Accounts becomes Outdated
Changing Role of the CFO and impact on Chart of Accounts
How to Redesign the Chart of Accounts using a standard Methodology

Who Should Attend

Team Members of the Finance Department of different Organizations
ERP Finance Functional Consultants
Strategy and Advisory Consultants
Students of CA, CMA, MBA, MCom
Business Owners and Entrepreneurs

Target Audiences

Team Members of the Finance Department of different Organizations
ERP Finance Functional Consultants
Strategy and Advisory Consultants
Students of CA, CMA, MBA, MCom
Business Owners and Entrepreneurs

This course explains the importance of Chart of Accounts in the Accounting Function, Why Chart of Accounts becomes outdated and needs a Review and Redesign and what is the Best Practice driven approach for Redesign of Chart of Accounts

Chart of Accounts serve as the very base for the accounting function. The account codes organized in a specific logical order in the COA will be used for recording the financial impacts of various transactions.

With time the Chart of Accounts may become outdated and pose sever trouble to the Organizations with misleading Financial, Legal and Analytical Reports. It may be because of changing business landscape or business strategies or evolving accounting standards or legal and regulatory changes. It may also be because of legacy CoA inherited by an evolving organization.

The financial reports required for the new age businesses not only covers the traditional accounting details of transactions but also the statistical information which is quantities and trends of transaction progression over a period of time.

The tussle between the time and quality often results in winning of speed over accuracy and it puts immense pressure on the Financial Comptrollers and the CFOs to ensure that the financial information is captured and analysed quickly with minimal errors.

It is important to keep reviewing the COA periodically, consult the finance team on the difficulties they are facing, consult the senior management and stakeholders on the challenges they are facing with the reports and redesign the chart of accounts to ensure that new structure becomes flexible and can accommodate maximum possible foreseeable changes

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Chapter 2: Record to Report Process of Accounting

Lecture 1: Overview of Record to Report Process

Chapter 3: Chart of Accounts

Lecture 1: Introduction to Chart of Accounts

Lecture 2: Best Practices for Chart of Accounts Design

Chapter 4: Changing Role of CFO

Lecture 1: Changing Role of CFO

Chapter 5: Outdated Chart of Accounts

Lecture 1: Why Chart of Accounts becomes outdated

Chapter 6: Redesigning of Chart of Accounts

Lecture 1: Methodology for Chart of Accounts Redesign

Instructors

Venkat Manthri
Partner & Director, eBodhisattva Digital Solutions
EBodhisathva Solutions
Make It Happen

Rating Distribution

1 stars: 2 votes
2 stars: 1 votes
3 stars: 4 votes
4 stars: 4 votes
5 stars: 3 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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