Course Description: 
This webinar covers the chart of accounts and how it works, with an overview of the 5 areas: assets, liabilities, accumulated surplus, revenue, expenses.  Learn how to turn raw data into useful information, the value of an efficient and effective chart of accounts, and best practices.

Also included: reporting structure, ERP and financial systems, and chart of accounts as an improvement project that should be reviewed annually for redundancy, omissions, and value.

Learning Outcomes:

• What is included in a chart of accounts and how it works to capture financial information for an organization.
• How the chart of accounts organizes and utilizes the 5 areas to support retrieval of useful information.
• The key principles of using the chart of accounts to turn raw data into valuable information and reports that support understanding, explanation and decision making in the municipal environment.
• The key principles of planning for a quality chart of accounts.
• Learn how to test your chart of accounts and determine if and where improvement is required.
• How to ensure financial systems are set up to effectively meet the diverse and complex needs of municipal reporting.
• The fundamentals of proper setup and maintenance of the chart of accounts within the financial system.
• Processes should be in place to test the chart of accounts and make changes as required.

Who Should Attend?

The webinar focus is on the professional development needs of any municipal financial professional and senior executive.

All municipal financial officers will benefit from having a fundamental understanding and core knowledge of all financial processes.

Currently available ON DEMAND

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