Includes
Customer Support
RECONCILIATION OF ACCOUNTS AND FINANCIAL TRANSACTIONS
Date: 3 days, Mar.26 - Mar.28, 2025
Workshop Fee:
205000
Location: 13, John Olugbo Street, Off Toyin Street, Ikeja - Lagos, NG
Website: http://www.avantgardenigeria.com
Avant-Garde Resources Center (ARC)
Course Description:
Objective
An efficient, accurate and timely financial close cycle (beginning with the account reconciliation process) can create a foundation for evaluating business performance, supporting organizational decisions and satisfying external reporting requirements. Automation of the accounts reconciliation process is a critical step on the road to achieving “balance sheet integrity” and ultimately, a timely and efficient financial close. Fine tuning accounts reconciliation activities help in increasing the ability of the manager to identify and resolve issues proactively leading to accurate postings and ledgers. The issues that usually lead to accounts reconciliation are mostly preventable. By laying down an appropriate reconciliation and communication framework and providing adequate employee empowerment one gain better control over their books. This workshop teaches the best practices in reconciliation of accounts and financial transactions.
Content
Introduction to Accounts Reconciliation
· Definition of Accounts Reconciliation
· Process, Policy and Procedures
· Importance of Accounts Reconciliation
· Issues/Challenges of Accounts Reconciliation
Cash Management
· Reconciled Payments
· Reconciled Receipts
· Miscellaneous Transactions
General Ledger
· Journals
· Chart of Accounts
· Sources and Categories
· Document Sequencing
Accounts Payable and Receivable
· Invoices and Memos
· Payment and Receipts
· Customers and Suppliers
Bank Reconciliation
· Outstanding Payments
· Deposits in Transits
· Balance per Bank Statements
· Bank Charges
Fixed Assets
· Additions/Disposals
· Depreciation
· Assets Categories
Suspense Accounts and Errors
· Errors of Commission
· Errors of Principles
· Errors of Original Entry
· Errors of Omission
· Compensations Errors
FOR WHOM: Directors, Financial Controllers, Heads of Finance, Finance Managers, Auditors, Accountants, Reconciliation Managers/Staff, Bank Officers and others who perform related functions/who want to update their knowledge and skills in Accounts Reconciliation.