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DAQ Module 2 Resource

Module 2 focuses on the Chart of Accounts (COA), defining its role in accounting and outlining the processes for adding, importing, editing, and managing accounts. It emphasizes the importance of organized account details for accurate financial reporting and includes information on handling inactive accounts. The module aims to equip learners with the skills necessary to effectively set up and maintain a COA.

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fiadhasan206.2
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2 views4 pages

DAQ Module 2 Resource

Module 2 focuses on the Chart of Accounts (COA), defining its role in accounting and outlining the processes for adding, importing, editing, and managing accounts. It emphasizes the importance of organized account details for accurate financial reporting and includes information on handling inactive accounts. The module aims to equip learners with the skills necessary to effectively set up and maintain a COA.

Uploaded by

fiadhasan206.2
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Setup Chart of Accounts

Module 2

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Module Learning Outcomes MODULE OVERVIEW
✓ Define the Chart of Accounts (COA) and its
fundamental role in accounting MODULE 2
✓ Demonstrate the manual process of
adding accounts to the COA SETUP CHART OF ACCOUNTS
✓ Understand the benefits and process of
importing accounts to the COA
✓ Master the skill of editing and modifying Unit Unit
accounts within the Chart of Accounts
2.1 What is Chart of Accounts (COA)?
✓ Recognize the significance of accurate
and organized account details for 2.2 Manually Adding Chart of Accounts
financial reporting
2.3 Import of adding Chart of Accounts
✓ Understand the concept of inactive
accounts and the process of making them 2.4 Editing COA Account
active in the COA
2.5 Inactive and make active COA Account

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2.1

What is Chart of Accounts (COA)?

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Chart of Accounts (COA)

Definition

A chart of account (COA) is an index of all the different accounts within a company's ledger such
as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the
organization's general ledger.

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