Enjoying the preview?
This is the free first lesson. Get full access — request a demo or sign in.
New Chart of Accounts 101
This course provides an overview of the Troy University general ledger account structurePreview the first lesson free — get full access to all 9 lessons.
Essential Provider : Michelle Hodge 9 Lessons · 3m in English
Course Description
This training presentation covers the General Ledger Expansion Project and what structural changes were made to the account numbers. Also included in this presentation is a link to the GL Conversion Tool created to assist departments with the new account structure.
What You'll Learn
- Review the structural changes made to account numbers under the General Ledger Expansion Project
- Identify which segments stay the same, such as the unchanged Fund number
- Apply the added digits to the Department, Object Code, and Location segments
- Interpret expense entries under the new account structure
- Use the GL Conversion Tool to assist with converting to the new account structure
- Locate the point of contact for questions about the new account structure
Key Takeaways
- The training covers the General Ledger Expansion Project and the structural changes made to account numbers.
- Under the new structure, the Fund number does not change while the Department, Object Code, and Location segments each add one digit.
- A GL Conversion Tool was created to assist departments with adopting the new account structure.
- The presentation provides a point of contact for the new chart of accounts.
- The course addresses how expenses are handled within the new account structure.
Frequently Asked Questions
What does this course cover?
It covers the General Ledger Expansion Project and the structural changes made to account numbers, and it includes a link to the GL Conversion Tool created to assist departments with the new account structure.
What changes were made to the account number structure?
The Fund number does not change, while the Department, Object Code, and Location segments each add one digit.
Is there a tool to help with the new account structure?
Yes. A GL Conversion Tool was created to assist departments with the new account structure, and a link to it is included in the presentation.
What topics are included in the lessons?
Lessons include an introduction, a review of structural changes to account numbers, the unchanged Fund, the added digits for Department, Object Code, and Location, expenses, tools, and a point of contact.
What skills does this course relate to?
It relates to General Ledger, General Ledger Reconciliation, Oracle General Ledger, Oracle Financials Cloud: General Ledger Certification, Gchart, and Organizational Charts.
