This program focuses on the importance of account reconciliation for detecting fraud and balance-sheet accuracy. Doing it right requires the proper training. Many organizations train new employees on how to reconcile accounts with old, tired methods because “this is how it’s always been done.” Whether this is positive or negative depends on how much emphasis is placed on what a good reconciliation should be.

Good account reconciliation reflects five main characteristics: Assessment of the validity, correctness, and appropriateness of the account balance. At a specific, verifiable point in time, documented by relevant calculations and clear and complete explanations, with copies of supporting documents, and in compliance with company policy.

Program Objectives:

At the end of the program, participants will be able to.

• Define account reconciliation
• Gain comprehensive knowledge and skills to ensure all financial transactions are correct and complete
• Implement reconciliation techniques
• Acquire skills in reconciliation procedures and documentation
• Learn how to overcome problems often encountered in reconciliation processes
• Prepare a reconciliation statement

For Whom:

Directors, Financial Controllers, Heads of Finance, Finance Managers, Auditors, Accountants, Reconciliation Managers/Staff, Bank Officers, and others who perform related functions/who want to update their knowledge and skills in Accounts Reconciliation