Accounts Reconciliation Strategies and Management of Suspense Accounts

  • Start Date

    24 Sep, 2019

  • End Date

    27 Sep, 2019

  • Price

    ₦150,000

Event Details

OBJECTIVE:

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.

 

CONTENT:

Accounting framework

   - Accounts Code

  - Suspense and Error Accounts

 

Reconciliation Techniques

    - General Ledger

   - Sorting and Matching

  - Account Reconciliation Policy

 

Cash Reconciliation

- Cash Deposit

  - Cash Receipts

  -  Petty Cash Fund

 

Reconciliation Types

- Inter Branch and Inter-Company Reconciliation

 - Transfer Pricing and Reconciliation

 

Bank Reconciliation

- Uncredited Item

 - Unpresented Cheques

 - Bank Charges

 - Credit Transfers/Direct Credits Software for Reconciliation

  - System Requirements

 - Entry of Data and Information

 

Fraud Activities in Accounts Reconciliation

  - Managing the excesses

 - Balancing the books

 

FOR WHOM:Accountants, Treasurers, Auditors, Reconciliation Officers, Finance Managers and others who Perform related functions.

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

Date:

1ST BATCH: 26th – 29th March, 2019

2ND BATCH: 24th – 27th September, 2019

Other Dates

Start Date End Date
24 Sep, 2019 27 Sep, 2019
Start Date End Date
26 Mar, 2019 29 Mar, 2019
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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