Explain in 2-3 pages the technique of \"chart of accounts\" and describe how the functions help account for public funds Solution The chart of accounts is a listing of all accounts used in the general ledger of an organization. The chart is used by the accounting software to aggregate information into an entities financial statements . The accounts are usually numeric , but can also be alphabetic or alphanumeric . Functions helps accounts for public fund as they communicate so much of the information that owners, managers and investors need to evaluate the company financial performance..