Determining the chart of accounts is a pivotal step in the development of any EPM solution, regardless of the product that is being implemented. Finit will be hosting a webinar to discuss various topics that should be considered when deciding on a chart of accounts. With a focus on users in both Finance and IT organizations, this webinar will be useful for anyone preparing to implement a new EPM solution, or redesign an existing application. Join us as we discuss and provide examples of:
- The importance of the chart of accounts and application dependencies
- Matching a chart of accounts to the application’s purpose and usage
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The benefits and trade-offs of:
- Level of detail included in the chart of accounts
- Naming conventions
- Design – Functional, Natural, or Hybrid?
- Downstream impacts on other aspects of the reporting process:
- Data Integration
- Cash Flow
- Other specialized reporting