What breaks

Six failures, with the actual error shown wherever it can be. The trial balance does not balance after year-end close. Natural account values with the wrong account type. The fix is painful — correct the values and re-run close. Prevention: validate account types against the value list before loading. My new segment does not appear anywhere. Structure modified, flexfield not redeployed. A trivial fix and enormous frustration. We ran out of cost centre values in year two. An under-sized segment. There is no fix. Prevention is the sizing lesson and nothing else. New accounts are not showing on the P&L. Added to the value set but never added to the hierarchy, or the hierarchy was not republished. Prevention: a standing month-end checklist item. January will not open. The calendar was never extended past the generated years. Prevention: generate ten years and set an annual reminder. The consultant left and nobody…

In this module: Module 4 · Chart of Accounts and Ledger Design

1. 1What we're building
2. 2The decision you can't undo
3. 3Anatomy of a chart of accounts
4. 4Segment labels and qualifiers
5. 5Running the design workshop
6. 6Sizing segments: the arithmetic
7. 7Building value sets
8. 8Structure, instance, deployment
9. 9Loading account values
10. 10Account hierarchies and why reporting needs them
11. 11Building and publishing a hierarchy
12. 12Accounting calendars
13. 13Currency and conversion rate types
14. 14Primary, secondary, reporting: the decision tree
15. 15Building the primary ledger
16. 16Ledger options and completing the definition
17. 17Cross-validation and segment value security
18. 18What breaks
19. 19Lab briefing: Meridian Trading