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Account Reconciliations: Best Practices Workshop

By: McTimothy Associates

Lagos State, Nigeria

19 - 21 Aug, 2020  3 days

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NGN 95,000

Venue: The Professional Place: 12 B Olumoroti Street, Gbagada Phase 2, Gbagada Lagos.

This workshop is designed to provide participants comprehensive knowledge needed to ensure that all financial transactions are correct, allowable and applied to the appropriate accounts.

Course Objectives

By the end of the course, participants will be able to:

  • Define the account reconciliation
  • Gain comprehensive knowledge and skills to ensure all financial transactions are correct
  • Implement reconciliation techniques
  • Acquired skills for reconciliation procedure and documentation
  • Learn how to overcome problems often encountered in reconciliation
  • Prepare reconciliation statement

Target Competencies

  • Attaining accuracies of entries
  • Verification of Bank balances
  • Conforming to governance requirements
  • Analytical reviews
  • Implementing controls in business cycles
  • Analyzing controls and recommending improvements

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.

Target Audience: 

  • Accountants
  • Treasurers
  • Auditors
  • Reconciliation Officers
  • Finance Managers and others who perform related functions.

Course Contents:

Reconciliation Overview

  • Accuracy of entries in the Book of Accounts
  • Verification of Bank Balance
  • Mechanism of Internal control

Reconciliation Techniques

  • Preparing required documentation
  • Completing the analysis
  • Retaining documentation

Reconciliation Procedure

  • Documentation review
  • Analytics review

Reconciliation Problems

  • Issues with reconciliation

Reconciliation Statement

  • Preparing your report

Reconciliation Record Keeping

The Professional Place: 12 B Olumoroti Street, Gbagada Phase 2, Gbagada Lagos. Aug 19 - 21 Aug, 2020

Registration: 10:00:am - 04:00:am

NGN 95,000.00 + 4,750.00 (VAT)
(Convert Currency)

Tayo Oluwole 07034854045

Group Discount applies