Bank Reconciliation Essentials

Strengthen the integrity of your monthly close by mastering the bank reconciliation process. This course explains how to structure a reconciliation, identify its key components, and uncover common discrepancies in cash accounts. Learn why more frequent reconciliations can reduce risk and improve control. You will also apply the proof of cash to detect issues that standard reconciliations may miss, enhancing oversight of one of your most critical assets.
Format

PDF Course

Course Lists
Grid View
Tile View
Duration

1 Hour

Course Discounts
Education Bundles

Course Information

Author: Steven Bragg
Course Number: AC1156

Learning Objectives
  • Identify the reasons why you should complete a bank reconciliation.
  • Specify the contents of a bank statement.
  • Recall the types of bank charges that can appear on a bank statement.
  • Specify the nature of the reconciling items that can appear on a bank reconciliation.
  • Recall the structure and uses of a proof of cash.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: September 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.