Bank Reconciliations & Cash Internal Controls

We will focus on inner controls together with what they’re, why they’re helpful, and the targets of inner controls. We will then transfer to inner controls particular to money together with financial institution reconciliations. 

Bank reconciliations are essential controls for each giant and small firms. After the double entry accounting system itself, the financial institution reconciliation is likely one of the most essential inner controls. The financial institution reconciliation will examine the financial institution assertion to the money ebook steadiness as of a time limit and reconcile the distinction between the 2. The financial institution reconciliation course of will present extra assurance of the money account and can present extra assurance over many different accounting processes as a result of most accounting processes embrace money. For instance, reconciling the checking account gives extra assurance over the income cycle, purchases cycle, and payroll cycle. 

We will even focus on the establishing and recording of a petting money account, a course of that may be extra advanced then if first appears. 

In addition to tutorial video, this course will embrace downloadable

•    Downloadable PDF Files

•    Excel Practice Files

•    Multiple Choice Practice Questions

•    Short Calculation Practice Questions

•    Discussion Questions

The PDF information permit us to obtain reference info we are able to use offline and as a information to assist us work by means of the fabric.

Excel apply information will probably be preformatted in order that we are able to deal with the adjusting course of and studying a number of the fundamentals of Excel, like addition, subtraction, and cell relationships.

Multiple alternative instance query helps us enhance our test-taking expertise by lowering the knowledge into the scale and format of a number of alternative questions and discussing how you can method these questions.

Short calculation questions assist us scale back issues which have some calculation right down to a brief format that could possibly be utilized in a number of alternative questions.

Discussion Question will present a chance to debate these matters with the teacher and different college students, a course of many college students discover very useful as a result of it permits us to see the subject from completely different viewpoints.

Who will we be studying from?

You will probably be studying from anyone who has technical expertise in accounting ideas and in accounting software program like QuickBooks, in addition to expertise instructing and placing collectively curriculum.

You will probably be studying from anyone who’s a:

•    CPA – Certified Public Accountant

•    CGMA – Chartered Global Management Accountant

•    Master of Science in Taxation

•    CPS – Certifies Post-Secondary Instructor

•    Curriculum Development Export

As a practising CPA the teacher has labored with many technical accounting points and helped work by means of them and focus on them with shoppers of all ranges.

As a CPS and professor, the teacher has taught many accounting courses and labored with many college students within the fields of accounting, enterprise, and enterprise purposes.

The teacher additionally has numerous expertise designing programs and studying how college students study finest and how you can assist college students obtain their targets. Experience designing technical programs has additionally profit in having the ability to design a course in a logical trend and cope with issues associated to technical matters and using software program like QuickBooks Pro. 

Content Includes: 

• Internal controls
• Cash receipts inner controls
• Cash disbursements inner controls
• Bank reconciliations
• Petty money
• Accounting cycle
• Definitions and key phrases

Who this course is for:

• Accounting college students
• Business proprietor
• Anyone who whats to study accounting