COURSE COVERAGE

Why Attend

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.
Target Audience:  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.

Course Objectives

By the end of the course, participants will be able to:

• Define the account reconciliation
• Gain comprehensive knowledge and skills to ensure all financial transactions are correct
• Implement reconciliation techniques
• Acquired skills for reconciliation procedure and documentation
• Learn how to overcome problems often encountered in reconciliation
• Prepare reconciliation statement

Target Competencies

• Attaining accuracies of entires
•  Verification of Bank balances
•  Conforming to governance requirements
• Analytical reviews
• Implementing controls in business cycles
• Analyzing controls and recommending improvements

Course Outline

• 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
  • Issues with reconciliation
• Reconciliation Statement
  • Preparing your report
• Reconciliation Record Keeping

Duration:  3 days

Class Session : 10:00am – 4:00pm each day including Breakfast and Lunch time

Customize Your Training

This training is currently available as residential/in-house option. If you prefer us to customize or have this training in-house at your location, kindly send your request via e-mail to:training@mctimothyassociates.com

Please Note

McTimothy Associates Reserves the right to postpone or cancel a course due to unforeseen circumstances beyond our control. In such cases delegate(s) will be registered for the next run of the Course.