Reconciliation of Financial Transactions

Reconciliation or verification of financial transactions is a key element to sound business practices. A verification of all charges against a cost object, accompanied by any necessary corrections, ensures the fundamental transactions, which result in financial reports, are correct.

CONTENT

• Reconciliation Techniques
• Procedures
• Documentation
• Cash Reconciliation
• Bank Reconciliation
• Customers Books
• Accounts Payable
• Inter Branch and Inter-company Reconciliation
• Fraudulent Activities in Reconciliation Process
• Reconciliation Software
• Financial Transactions such as Purchasing Orders, Payroll Charges, Journal Vouchers and Vendor Invoices etc
• Emerging trends and future challenges

FOR WHOM:

Accountants, Auditors, Treasurers, Reconciliation Officers and others who perform related functions in public and private sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participants will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.