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Course Code: FNBN 131
277 Course Visits
Reconciliation Management and Best Practices
Course Sector:
Finance, Accounting and Banking
Course Dates and Locations
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Introduction
Training course introducion / brief
Unreconciled
items and suspense accounts have inevitably become rampant in the accounting
systems of most corporate organizations. They arise due to mistakes in handling
day-to-day transactions, lack of adequate accounting knowledge, poor work
attitude, fraudulent activities or a combination of these and other factors.
Unreconciled items definitely affect the corporate financials adversely and, in
many cases, result in statutory provisions that erode the profit/surplus of the
corporate organization in the public and private sectors.
Course Objectives
At the end of the training course, participants will be able to
- Understand the key aspects in Balance sheet reconciliation and how automation is helping professionals in Reconciliation
- Enhance their understanding of Cash flows and working capital management with ratio analysis
- Know different strategies to make investments in various companies traded on stock exchange
- Learn different types of Risks and management of the same
- Understand how to incorporate various factors in MIS reporting to top management
- Appreciate how balance sheet reconciliation process improves budgeting and forecasting
- Understand planning and organizing various aspects related to Balance Sheet reconciliation
Course Audience
Who is this course for, and can benefit the most
- Executives who have strategic financial oversight of their unit or organization
- Finance-related roles
- Accounting-related roles
- Marketing Managers
- Financial managers
- Affiliate marketing leaders
- Career Enhancers
- Digital Innovators
- Business owner / Entrepreneur
- General / Senior Accountant
- Business Project Manager
- Bank Branch Manager
- Structured Finance Senior Relationship Manager
- Finance Transformation Manager
- Risk Manager
- Investment Analyst
Course Outline
The course aims and learning outcomes
Accounting framework
- Accounts Code
- Suspense and Error Accounts
Reconciliation Overview
- Accuracy of entries in the Book of Accounts
- Verification of Balance
- Mechanism of Internal Control
Reconciliation Types
- Inter Branch and Inter-Company Reconciliation
- Transfer Pricing and Reconciliation
Reconciliation Techniques
- Required Documentation
- Completing Analysis
- Retaining Documentation
- General Ledger
- Sorting and Matching
- Account Reconciliation Policy
Reconciliation Procedures
- Documentation Review
- Analytics review
Cash Reconciliation
- Cash Deposit
- Cash Receipts
- Petty Cash Fund
Bank Reconciliation
- Uncredited Item
- Unpresented Cheques
- Bank Charges
- Credit Transfers/Direct Credits Software for Reconciliation
- System Requirements
- Entry of Data and Information
Managing Reconciliation Problems
- Fraud Activities in Accounts Reconciliation
- Managing the excesses
- Balancing the books
- Reconciliation Record Keeping
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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