Bank Reconciliation Essentials ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
An essential part of the monthly closing process is to create a bank reconciliation for all cash accounts. In the Bank Reconciliation Essentials course, we cover the structure of this document, its components, the problems likely to be uncovered by it, and why you should consider conducting the reconciliation on a more frequent basis. We also describe the proof of cash, which can be used to find cash-related discrepancies that might not be apparent on a bank reconciliation.
Highlights
The purpose of a bank reconciliation. The bank statement. Bank reconciliation concepts. The proof of cash.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other financial managers.
Objectives
Identify the reasons why you should complete a bank reconciliation. Specify the contents of a bank statement. Recall the types of bank charges that can appear on a bank statement. Specify the nature of the reconciling items that can appear on a bank reconciliation. Recall the structure and uses of a proof of cash.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00