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Bookkeeping and Accounting Basics- Bank Reconciliation

Learn Bank Reconciliation from a practicing BAcc. ACCA. MSc.

     
  • 2.6
  •  |
  • Reviews ( 2 )
₹799

This Course Includes

  • iconudemy
  • icon2.6 (2 reviews )
  • icon5 total hours
  • iconenglish
  • iconOnline - Self Paced
  • iconcourse
  • iconUdemy

About Bookkeeping and Accounting Basics- Bank Reconciliation

This Course takes a learner through the process of a bank reconciliation. Mostly it is about performing a bank reconciliation in excel (manual), but the concepts and skills can also be used in performing the same using automated accounting systems. This course serves as a comprehensive framework for bank reconciliation to both existing and upcoming bookkeepers and accountants, entrepreneurs, and lay individuals without any background in accounting and bookkeeping.

I have been working as an Accountant with both local and international NGOs for over 10 years and this course draws inspiration from my 10 year track record.

I will take you through the course step by step explaining each term and concept like explaining to a seven year old. In each module there are downloadable materials mostly in power point. As time goes by, i will be updating this course with new relevant materials especially on automated bank reconciliations.

By the end of the course, participants will have a solid understanding of bank reconciliation best practices, the ability to identify and address reconciling items, and a toolkit of fraud prevention and detection strategies. They will be equipped to implement robust internal controls, mitigate fraud risks, and safeguard their organization's financial resources.

What You Will Learn?

  • Understand the importance of bank reconciliation and its role in financial management..
  • Learn the key terms and concepts associated with bank reconciliation.
  • Familiarize yourself with the common challenges and discrepancies that may arise during the bank reconciliation process..
  • Gain proficiency in reconciling bank statements using both manual.
  • Develop strategies to identify and resolve discrepancies between the bank statement and the general ledger..
  • Explore techniques for handling outstanding checks, deposits in transit, bank errors, and other reconciling items..
  • Acquire knowledge on how to prepare and maintain accurate bank reconciliation statements.