Accounting Systems that are Poorly Implemented or Not Updated to Meet Changes in the Organization (E
It starts with the chart of accounts and ends with financial reports. It is very difficult to get good quality financial statements in a meaningful format if the chart of accounts is not properly designed and structured to reflect the true operations of the organization. However, even if the chart of accounts and financial reports are structured properly initially, most organizations change over time and the financial reporting needs to change with it. The primary reason for
