Accounts Reconciliation Strategies and Management of Suspense Accounts/ Interbranch/Unit Differences in Banks Online Training

  • Time

    10:00am - 3:00pm

  • End Date

    09 May, 2022 - 11 May, 2022

  • Price


Event Details

A lot of frauds amounting to very huge sums of money take place due to inefficient operation of inter-branch reconciliations. Huge sums of money remain unreconciled between the numerous branches and departments. Thus, Banks are exposed to risks. Inter-branch unit / department reconciliation approaches differ among banks but the general principles and objectives are similar. As a Bank grows in sizes and operations unreconciled differences mount and suspense accounts are created. There is need therefore to teach proper procedures for management of suspense accounts and reconciliation of outstanding differences. There is also need to improve reported profits by reducing the quantum of “provisions” in the accounts due to huge outstanding balances of unreconciled transactions.



  • Basic accounting techniques
  • Computer based accounting systems
  • Bank branch/unit structure and administration
  • Nature of inter-branch/unit transactions
  • Cheque administration and other banking instruments
  • Hierarchy and structure of interbank/department/unit/reconciliation units
  • Branch/Departmental/Units charting accounts codes
  • Various causes of inter-branch/department/unit differences
  • Sorting and matching outstanding transactions
  • Skills in tracking outstanding differences
  • Fraud in unreconciled Transactions
  • Unreconciled Transactions for groups of branches, departments/units
  • Electronic fund transfer systems
  • Prudential guidelines including provisions in the accounts based on unreconciled items
  • Application of information technology in inter-branch/unit/departmental transactions
  • Various available reconciliation computer packages
  • Building of suspense accounts
  • Emerging trends and future challenges



Accounting Personnel in the Accounts and Financial Control Departments, Internal Auditors, Branch Managers, Operations Managers and infact, all Managers whose functional and supervisory roles give rise to creation of suspense accounts and the reconcilliation of intrebranch/department/unit outstanding transactional difference in the Bank.



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.



1ST BATCH: 9th – 11th May, 2022                                             

2ND BATCH: 5th – 7th Sept, 2022

3RD BATCH: 19th – 21st Dec, 2022

Other Dates

Start Date End Date
15 Oct, 2019 18 Oct, 2019
Start Date End Date
15 Apr, 2019 18 Apr, 2019
Start Date End Date
09 May, 2022 11 May, 2022
Start Date End Date
05 Sep, 2022 07 Sep, 2022
Start Date End Date
19 Dec, 2022 21 Dec, 2022

Share this course