Advanced Accounting
Reconciliation Training
Course
26 – 29 November 2024
Sandton Centre, Johannesburg South Africa
Register Now! Limited Seats Available!
R17, 999.00 Per Delegate
Course overview
This advanced course on accounting reconciliation is designed for professionals looking to refine their skills in reconciling financial accounts and ensuring accuracy in financial reporting. Reconciliation is critical for maintaining the integrity of an organization’s financial statements, and this course will cover complex scenarios that go beyond basic reconciliation techniques. Attendees will gain hands-on experience with real-life case studies, advanced tools, and strategies to solve discrepancies effectively.
By the end of the course, participants will have a solid understanding of advanced reconciliation techniques, enabling them to maintain accurate and compliant financial records, reduce the risk of errors, and optimize their organization’s financial close process.
Course Objectives:
- Understand the Reconciliation Process: Gain an in-depth understanding of reconciliation, focusing on both general ledger and subsidiary ledger accounts.
- Master Advanced Reconciliation Techniques: Learn how to handle complex reconciliation cases involving multiple accounts, currencies, or intercompany transactions.
- Utilize Technology and Tools: Get familiar with software tools and automation solutions that enhance the reconciliation process.
- Identify and Solve Reconciliation Issues: Develop the skills needed to identify discrepancies, analyze errors, and resolve them promptly.
- Ensure Compliance: Learn to align reconciliation processes with accounting standards and regulatory requirements.
- Improve Internal Controls: Understand how reconciliation enhances internal controls and financial accuracy.
- Efficiency and Accuracy: Explore strategies to streamline the reconciliation process while ensuring completeness and accuracy.
- Analyze Financial Discrepancies: Apply techniques to identify, correct, and report discrepancies in financial statements.
Who Should Attend:
- Accountants and finance professionals responsible for reconciliation tasks.
- Finance managers and controllers who oversee the financial close process.
- Auditors and internal control officers involved in financial reporting and compliance.
- Professionals involved in cash management, treasury, or bank reconciliation.
- IT and ERP system administrators managing financial data for reconciliation.
Course Outline:
Introduction to Advanced Reconciliation Concepts
- Overview of reconciliation and its importance in financial reporting.
- Differences between simple and advanced reconciliation.
General Ledger Reconciliation
- Best practices in reconciling general ledger accounts.
- Identifying and resolving discrepancies between ledger accounts.
Bank Reconciliation
- Advanced methods of reconciling bank accounts.
- Addressing complex issues like unrecorded transactions, timing differences, and fraud detection.
Intercompany Reconciliation
- Handling intercompany accounts.
- Managing multi-currency transactions.
- Common challenges in intercompany reconciliation and how to overcome them.
Accounts Payable and Accounts Receivable Reconciliation
- Advanced reconciliation techniques for AP and AR.
- Handling partial payments, payment discounts, and outstanding balances.
Reconciling Fixed Assets and Inventory
- Techniques to reconcile fixed assets, depreciation, and inventory.
- Addressing common discrepancies in fixed asset management.
Automation and Technology in Reconciliation
- Introduction to software tools and automation techniques for reconciliation.
- Best practices for integrating reconciliation software with ERP systems.
Financial Reporting and Reconciliation
- Linking reconciliation to financial statements.
- Preparing reconciled accounts for audits and regulatory reporting.
Problem Solving and Troubleshooting
- Case studies on resolving complex reconciliation discrepancies.
- Practical exercises on troubleshooting reconciliation issues.
Reconciliation Best Practices
- Industry standards and best practices for streamlining reconciliation processes.
- Strategies to ensure continuous improvement in the reconciliation function.
End of the workshop
IN HOUSE AND ONLINE TRAINING
While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.
For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com