What is chart of accounts?
The organized listing of accounts a company uses to record and classify its transactions. Establishing a chart of accounts is among the first pieces of financial infrastructure a capable controller builds.
Where you will use it: this term comes up in the Applied AI for Finance and Accounting course, and the full course glossary collects every term in one place.
Related terms
From the free Applied AI for Finance and Accounting course by Devon Coombs, CPA, MBA.