Prd 034 The JAR&A approach to Enterprise level Charts of Accounts Created by James on 6/26/2013 11:53:35 AM
The following is an overview of my approach to Enterprise level Chart of Accounts design and deployment:
1. Mature approach
A mature approach based on over 1,000 hours of Research and Development into the underlying technical fundamentals of corporate financial data in 1990, used repeatedly over the next two decades.
2. Proven high value approach
The value of this approach was proven as early as 1993 – refer case study with regard to V3 Consulting Engineers and 1994 – refer case study with regard to Rennies Group (about 220 very diverse companies).
3. Holistic enterprise wide solution
A holistic approach to developing an enterprise wide highly structured logical model of the enterprise embedded in the code structures of the Chart of Accounts – the Cubic Business Model™.
4. Highly structured information
All components of the model are comprised of highly structured hierarchical lists (taxonomies) that accurately model the enterprise and enable easy and accurate navigation through the Chart of Accounts and associated models – these hierarchies are developed using conventions proven over more than 20 years.
5. Highly structured intelligent codes
Highly structured codes developed using coding conventions also proven over more than two decades that create “intelligent data™”, data with a high level of strategic human intelligent input embedded in the codes thereby facilitating very sophisticated economic and financial analysis.
6. Sophisticated software support
Supported by sophisticated software designed to build the Cubic Business Model™ with rigour, consistency and precision thereby enabling a level of analytical precision that would be impossible in a manually built model. This software is in its third generation, founded on the software developed in 1990.
7. Geared to high value management information and performance management
This approach is geared to delivering maximum management information coupled to high levels of accountability and performance management thereby greatly enhancing the effectiveness of corporate governance and performance.
8. Yields strategic and operational improvement and efficiencies
Because of the greatly enhanced levels of accountability the full use of this solution leads to strategic and operational improvements and efficiencies, right down to the level of possible headcount reductions and reductions in audit fees as reported in the V3 case study.
9. Enables development of highly sophisticated models and tools
The composite outcome of all the above is the ability to build sophisticated and precise models and analytical tools resulting in the JAR&A Financial Analytical Suite which is currently under development – refer supporting documentation.
I hope that this provides some information to stimulate your interest in what we can offer...
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