Bookkeeping & Accounting: Bank Reconciliation

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Last Updated: 2024-01-02 06:01:08 English Course Type: Self Learning

Understand the importance of bank reconciliation and its role in financial management, Learn the key terms and concepts associaGain proficiency in reconciling bank statements using both manualted with bank reconciliation,

This Course takes a learner through the process of a bank reconciliation. Mostly it is about performing a bank reconciliation in excel (manual), but the concepts and skills can also be used in performing the same using automated accounting systems. This course serves as a comprehensive framework for bank reconciliation to both existing and upcoming bookkeepers and accountants, entrepreneurs, and lay individuals without any background in accounting and bookkeeping.

I have been working as an Accountant with both local and international NGOs for over 10 years and this course draws inspiration from my 10 year track record.

I will take you through the course step by step explaining each term and concept like explaining to a seven year old. In each module there are downloadable materials mostly in power point. As time goes by, i will be updating this course with new relevant materials especially on automated bank reconciliations.

By the end of the course, participants will have a solid understanding of bank reconciliation best practices, the ability to identify and address reconciling items, and a toolkit of fraud prevention and detection strategies. They will be equipped to implement robust internal controls, mitigate fraud risks, and safeguard their organization's financial resources.

No requirements needed

Enterprenuers, Accounting & Bookkeeping Students, Accountants & Bookkeepers, Non-Finance Managers

Section 1 : MODULE 1 1 Lectures 00:28:30
Lecture 1 :
INTRODUCTION Preview
Section 2 : MODULE 2 3 Lectures 01:11:46
Lecture 1 :
Key Terms & Concepts
Lecture 2 :
Understanding Bank Statements & Codes
Lecture 3 :
Reconciling Receipts & Disbursements
Section 3 : MODULE 3 7 Lectures 02:12:15
Lecture 1 :
Step-by-step Guide To Manual Bank Reconciliation
Lecture 2 :
Documenting Adjustments and Updating the GL
Lecture 3 :
Example 1
Lecture 4 :
Example 1b
Lecture 5 :
Example 2
Lecture 6 :
Example 3a
Lecture 7 :
Example 3b
Section 4 : MODULE 4 4 Lectures 01:02:02
Lecture 1 :
Handling Outstanding Checks & Deposits in Transit
Lecture 2 :
Resolving Bank Errors & Discrepancies
Lecture 3 :
Identifying & Addressing Fraudulent Activities
Lecture 4 :
Structure & Components of a Bank Reconciliation Statement
Section 5 : MODULE 5 1 Lectures 00:02:37
Lecture 1 :
OVERVIEW

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LEMMY FRANCISCO KAWONGA ,

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3 Courses

Lemmy Kawonga is a highly skilled and accomplished Chartered Accountant with a strong background in financial management and analysis. With over 10 years of experience in the field, Lemmy has established a reputation for delivering exceptional financial services and strategic guidance to clients. Throughout Lemmy's career, he has demonstrated a comprehensive understanding of accounting principles, tax regulations, and financial reporting standards. His expertise extends to financial planning, budgeting, risk management, and audit procedures. Lemmy is well-versed in utilizing advanced accounting software and technology to streamline processes and enhance efficiency. As a Chartered Accountant and a MSc (Professional Accountancy) holder with Merit from University of London, Lemmy has worked with a diverse range of clients, including individuals, small businesses, and multinational NGOs. He has provided valuable insights and recommendations to help clients optimize their financial performance, minimize risks, and make informed business decisions. With a strong commitment to professionalism and integrity, Lemmy consistently upholds the highest ethical standards in all financial dealings. He prioritizes building long-term relationships with clients, striving to understand their unique needs and tailoring solutions accordingly.