it's a Excel file and I'm not able to upload files so how would I get help with a spreadsheet if I can't drop in files?

ligne MS Profesor Drebins Executive MBA students were recently discussing the benefits of cho of becounts. Following lotron cript of the discussion. Most of the comments were correr but two students were off base. Accome the role of Profor Drobin, and identify the students whose statemente ore incorrect. Subie l om olet monger, but l occasionally need to review our company's gone journal. It frustrates me because the accounts are often listed only by wmber What's up with that? Professor what you are likely seeing are references to the chart of accounts. Chort of sccounts are quite typical. Why would a company uses chart of account? Miguel om on IT manager, and I can tell you that computer programming is much simpler when numeric values are used in lieu of text descriptions. This sids the construction of underlying computer programs that are able to match and sort Roberta Miguel may be right, but I work in our cash department and I have to monitor receivables, payables, and coch. A key benefit for me is that I can determine the total of all receivables by doing 5 query of our 1002 accounts. If I want data bul customer, I can refine the query to look for sub accounts like 1002.003. etc! And, the same thing is true for cash and payables. For example, our cach account is 1001, but we have unique sub accounts for each bank account! (1001.001, 1001.002, etc.). So, I think one key benefit is to have a unique master! account that can easily be broken down into many sub components Fletcher This is all interesting to me. I guess you don't even need textual names for accounts if you use a numeric system. Randy I had no idea about this. All I know is that I am in charge of managing our delivery trucks, and track individual trucks for scheduled maintenance based on an asset ID tag number. Each truck has 3 unique long number, but it just occurred to me that it always begins with the digits 10005. I wonder if that "10005" might tie back to the company's chart of accounts as well. Randy, I doubt it. We have trucks, and I know for a fact that they are numbered! 1500 in our chart of accounts. Tam pretty sure that all companies must use the some chart of accounts. Otherwise, comparing data from different companied would be chaos. Louis Jans make an interesting point. But, I don't think everyone uses the same chart of accounts. Although, I must add that I recently read about a project called XBRL that purports to develop some uniform data management schemes that will bid data comparison and exchange. And it involves a lot more than just the chart of car: Tom 3 divisional manager, and I reqularly review our unit's ledger accounts and compare them to balances of other divisions. It is very helpful to be able to identify all assets, expenses, and so forth by uniform account numbering. This uniformity greatly aids data mining and evaluation. For example, our travel 5:F 10 costs all start with a 503 digit, but 503.01 further identifies air travel 503.02 relates to lodging, and so forth. This scheme enables me to look at overall data, as well as its components. It sure helps me control costs and compore results to other divisions. Without a numeric system of account Problem Select destination and press ENTER or choose Paste ligne MS Profesor Drebins Executive MBA students were recently discussing the benefits of cho of becounts. Following lotron cript of the discussion. Most of the comments were correr but two students were off base. Accome the role of Profor Drobin, and identify the students whose statemente ore incorrect. Subie l om olet monger, but l occasionally need to review our company's gone journal. It frustrates me because the accounts are often listed only by wmber What's up with that? Professor what you are likely seeing are references to the chart of accounts. Chort of sccounts are quite typical. Why would a company uses chart of account? Miguel om on IT manager, and I can tell you that computer programming is much simpler when numeric values are used in lieu of text descriptions. This sids the construction of underlying computer programs that are able to match and sort Roberta Miguel may be right, but I work in our cash department and I have to monitor receivables, payables, and coch. A key benefit for me is that I can determine the total of all receivables by doing 5 query of our 1002 accounts. If I want data bul customer, I can refine the query to look for sub accounts like 1002.003. etc! And, the same thing is true for cash and payables. For example, our cach account is 1001, but we have unique sub accounts for each bank account! (1001.001, 1001.002, etc.). So, I think one key benefit is to have a unique master! account that can easily be broken down into many sub components Fletcher This is all interesting to me. I guess you don't even need textual names for accounts if you use a numeric system. Randy I had no idea about this. All I know is that I am in charge of managing our delivery trucks, and track individual trucks for scheduled maintenance based on an asset ID tag number. Each truck has 3 unique long number, but it just occurred to me that it always begins with the digits 10005. I wonder if that "10005" might tie back to the company's chart of accounts as well. Randy, I doubt it. We have trucks, and I know for a fact that they are numbered! 1500 in our chart of accounts. Tam pretty sure that all companies must use the some chart of accounts. Otherwise, comparing data from different companied would be chaos. Louis Jans make an interesting point. But, I don't think everyone uses the same chart of accounts. Although, I must add that I recently read about a project called XBRL that purports to develop some uniform data management schemes that will bid data comparison and exchange. And it involves a lot more than just the chart of car: Tom 3 divisional manager, and I reqularly review our unit's ledger accounts and compare them to balances of other divisions. It is very helpful to be able to identify all assets, expenses, and so forth by uniform account numbering. This uniformity greatly aids data mining and evaluation. For example, our travel 5:F 10 costs all start with a 503 digit, but 503.01 further identifies air travel 503.02 relates to lodging, and so forth. This scheme enables me to look at overall data, as well as its components. It sure helps me control costs and compore results to other divisions. Without a numeric system of account Problem Select destination and press ENTER or choose Paste