Fundamentals of Accounts Reconciliation Strategies

The purpose of reconciliation is to provide consistency and accuracy in financial accounts. This workshop will greatly enhance participant’s ability to strategically reconcile accounts.

CONTENT:

*Reconciliation best Practices

- Collecting relevant account data like invoices

- Checking account balances, correcting these balances

- Finding discrepancies

- Controlling policy to prevent discrepancies

*Generally Accepted Accounting Principles

  (GAAP)

- Double-Entry Reconciliation

- Account Conversion

*Accounting Principles

- Historical cost

- Matching

- Disclosure

*Reconciliation Balance

- Review Processes

- Adjusting processes to match the supporting detail

* Application of IT in Accounts Reconciliation

- Various Available Reconciliation Packages

- Emerging Challenges

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.