Bank Reconciliation Essentials
An essential part of the monthly closing process is to create a bank reconciliation for all cash accounts. In the Bank Reconciliation Essentials course, we cover the structure of this document, its components, the problems likely to be uncovered by it, and why you should consider conducting the reconciliation on a more frequent basis. We also describe the proof of cash, which can be used to find cash-related discrepancies that might not be apparent on a bank reconciliation.
Format
PDF Course
Level
Overview
Duration
1 Hour
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.
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