PowerPoint-Prsentation

ASPIRE COA Structure Presenter Amit Dabke

1

This slide explains the Best Practices

Avoid using dependent segments. Allocations work off independent segments and may not function properly with dependent segments.

Avoid alpha characters in segments, except for parent values. Alpha Characters complicate sorting data, using ranges, assigning codes, and creation of validation/security rules.

COA Design Best Practices

This slide explains the Best Practices

Project segments may be considered if not using Project Accounting. Project Segments are not recommended if Project Accounting is to be used. All project reporting should be generated from the Projects subsystem.

Carefully consider usage of summary accounts to capture information. Balances are stored at both the detail and summary levels and can negatively impact some concurrent processes. Summary Accounts may significantly improve FSG reporting.

COA Design Best Practices

Do not use dependent segments in COA instead use security rule.

Broad Ranges should be used in each segment to accommodate Parenting.

Use Parent-child relationship to create hierarchy but do not create too complex if you are using budget- Encumbrance.

Data required to support analytics should be capture in the subject area sub-ledger , and it does not belong in GL to avoid complexity in accounting

Avoid alpha values in segments data entry.

Suggestion