GL Associates | Chart of Accounts Assessment

FINANCIAL REPORTING: COA Assessment

If it takes too long to consolidate and produce financial reports each month, if you are planning to install and convert to a new ERP system, or if you want to proactively review the health of your current COA, GL Associates can help.

Companies benefit from a cost-effective, professional assessment.

GL Associates provides Clients with a cost-effective professional checkup on the health of their (COA) to help determine course of action. Clients can use the Assessment output to:

Decide whether COA is fine as is, needs remediation work, or needs to be redesigned.
Help justify funding, resources for further work.

Our approach ensures that financial & management reporting requirements drives our findings & recommendations.

Gather, review critical data to gain preliminary understanding and insights
- Review current financial Reports and COA information
- Interview key client managers
Meet with key Management Stakeholder
- Present preliminary findings and insights
- Share best practices
- Gain feedback
Develop COA ranking, final report to Management.
- Present final report to Management, close project.

The typical engagement lasts approximately two weeks.

Service Deliverables

After a COA assessment, Clients receive a Final Report on the health of their COA and how well it meets Financial Reporting Needs. The report contains:

Ranking of COA against ‘Best Practice’ criteria compiled over nearly thirty years assessing COAs for hundreds of clients.
Specific strengths and weaknesses in COA design.
Additional observations

Is this service right for you?

This service may be right for you if:

You want to know how well your COA meets current and future requirements.
You want a professional assessment that can help you justify a redesign of your COA.

Take the complete Quiz here.