Fundamentals of Accounts Reconciliation Strategies

Workshop on Fundamentals of Accounts Reconciliation Strategies is a training event organised by Alpha Partners will likely hold on 11th - 14th July 2024 at Alpha Partners Professional Training Conference Centre, 200, Muritala Mohammed Way (3rd Floor), Yaba, Lagos, Nigeria.

Objective:

Suspense accounts and disagreements in items have drastically been widespread in the financial records of corporate establishments.

These unreconciliations emerge from frauds, staff inadequate knowledge in keeping accounting records, daily miscalculations, negligence of duties, and sometimes a mix of a couple of these items.

Private and public sector organisations feel the effects of these unreconciled items as it affects their finance and can destroy their profit and surplus.

Content:

*Reconciliation Best Practices

- Collecting relevant account data like invoices
- Checking account balances, and correcting these balances
- Finding discrepancies
- Controlling policy to prevent discrepancies

*Generally Accepted Accounting Principles (GAAP)

- Double-Entry Reconciliation
- Account Conversion

*Accounting Principles

- Historical cost
- Matching
- Disclosure

*Reconciliation Balance

- Review Processes
- Adjusting processes to match the supporting detail

* Application of IT in Accounts Reconciliation

- Various Available Reconciliation Packages
- Emerging Challenges

For Whom:

Accountants, auditors, store managers, cash officers, credit managers, and other persons holding related functions in the public and private sectors such as banks, insurance companies, trading organisations, government ministries, oil companies, etc.

Training methodology

There will be a combination of case studies, group discussions, and formal lectures. This will avail the participants with the opportunity to learn in practice and theory.

Participants of the training will return to their workplaces with great expertise and dependency as there will be more attention to practical applications of the contents.

When & Location

Contact