Effective Bank and Account Reconciliation Techniques 2024
Available from
8 August, 2024
CPD
2
Course Category:
Financial Reporting
Level:
Moderate
This webinar, titled “Effective Bank Reconciliation Techniques,” focuses on essential strategies and tools for ensuring the accuracy and integrity of financial records. August 2024
Category: Financial Reporting.
R 375 VAT Incl.
Product Information
What you will learn
By attending this webinar you will gain the following competencies:
- Understanding the importance of bank reconciliation in financial management.
- Identifying common causes of discrepancies in bank statements and financial records.
- Implementing effective procedures and guidelines for accurate bank reconciliation.
- Utilising automated tools to streamline the reconciliation process and improve accuracy.
- Enhancing fraud detection and improving overall financial compliance.
Description
This webinar, titled “Effective Bank Reconciliation Techniques,” focuses on essential strategies and tools for ensuring the accuracy and integrity of financial records. Led by Russel Shinyawani-Ngobeni, a Business Accountant in Practice and General Tax Practitioner, the session covers critical aspects of bank reconciliation, from identifying common issues to utilizing automated reconciliation tools. The course aims to equip participants with the knowledge and skills to effectively manage and reconcile bank accounts, detect discrepancies, and maintain transparent and accurate financial records.
Price
The following pricing apply:
Adhoc: R375.00
Subscription: Included for free in Bookkeeper.
Content:
The webinar will cover the following topics:
-
- Introduction to Bank Reconciliation
- The significance of accurate financial records
- Overview of the reconciliation process
- Importance of timely reconciliation
- Common Issues in Bank Reconciliation
- Unrecorded transactions and timing differences
- Errors in recording transactions and bank errors
- Fraudulent transactions and uncleared checks
- Steps in the Bank Reconciliation Process
- Acquiring bank statements and preparing business records
- Comparing line items and adjusting balances
- Final check and documentation
- Effective Bank Reconciliation Guidelines
- Best practices for recording transactions
- Monthly reconciliation and standardizing workflows
- The role of automation in reconciliation
- Automated Bank Reconciliation Tools
- Key features of automated systems
- Advantages of automation in bank reconciliation
- Examples and case studies of successful implementation
Certificate
The following CPD is awarded 2 Units Financial Reporting.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Russel Ngobeni
Russel is a registered Business Accountant in Practice through the Southern Institute for Business Accountants (SAIBA), and a registered Tax practitioner through the South African Institute of Tax Practitioners (SAIT). He holds a Bachelor of Accounting Science degree from the University of South Africa and a National Diploma in Financial Information Systems from Tshwane University of Technology.
In 2014 Russel founded Shinyawani Group of Companies (Pty) Ltd. In 2016, the Free State province recognised him as one of the best 12 Young Entrepreneurs in the province during the 2016 Macufe Trade Bridge. He also won first runner up for the 2016 Young Entrepreneur of the Year Award at the Free State Youth Chamber of Commerce and Industries Awards.
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