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ronwparker

Member Since 2009-09-06
Offline Last Active Today, 17:52
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Posts I've Made

In Topic: 'Cash For Thai University Degrees' Racket To Be Exposed : Activist

2010-10-09 08:42:00

I am a reired English businessman with an Economics Degree and MBA  and would need an expaination of Chart of Accounts.
I think it is an Americanism which I certainly would not  citicize a Thai for not knowing.What arrogance!!

View Postmark45y, on 2010-10-08 10:19:49, said:

View Postgeriatrickid, on 2010-10-08 10:00:43, said:

View Postmark45y, on 2010-10-08 09:39:48, said:

View Postgeriatrickid, on 2010-10-08 08:27:02, said:

I employed an MBA grad on arrival in 2000 at a good salary and after a month things were fine until I asked her to set up a chart of accounts!  The response was 'What's that?"


I do not think any MBA graduate would understand the request. Do you mean a spread sheet listing? What info did you want in the chart? Providing clear and comprehensible instructions to personnel is a key part of getting things done.

I wouldn't get too carried away there.  I chart of accounts is a pretty simple request.  I would expect anyone who has been to a business school of any kind to understand the term.  How you want it set up is secondary.  Use a computer or do it long hand in any event a chart of accounts is something available in any business.  If an MBA didn't understand the term they are not an MBA in any normal sense of the word.

I have an MBA.
I do not understand what a chart of accounts is  supposed to mean.
Based upon my employment criteria, employer and peer reviews I am judged competent to perform my job and receive a large salary with performance bonuses. And yet, I had no idea what was meant by the reference  to a chart of accounts. Sorry,

I have had a lot of businesses and worked for a lot of businesses over the past 40 years.  Restaurants, hospitals, manufacturing, oil and gas supply and maintenance and many more.  They had one thing in common.  They all had a chart of accounts.  If a person does not recognize the term a one second search on google will rectify the lack of knowledge.  

Google.  A list of all account names and numbers used in a company's general ledger.

I assume you understand what a general ledger is.

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