Accounts Reconciliation: Best Practices

This workshop is designed to provide participants comprehensive knowledge needed to ensure that all financial transactions are correct, allowable and applied to the appropriate accounts.

CONTENT:

*Reconciliation Overview

– Accuracy of entries in the Book of Accounts

– Verification of Bank Balance

– Mechanism of Internal control

*Reconciliation Techniques

– Preparing required documentation

– Completing the analysis

– Retaining documentation

*Reconciliation Procedure

– Documentation review

– Analytics review

*Reconciliation Problems

*Reconciliation Statement

*Reconciliation Record Keeping

FOR WHOM: Accountants, Treasurers, Auditors, Reconciliation Officers, Finance Managers and others who

Perform related functions.

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 participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.