Bank Reconciliations & Cash Internal Controls | Accounting & Bookkeeping Online Course by Udemy

Finance & Accounting Online Course by Udemy, On Sale Here

Internal controls, bank reconciliations, and internal controls related to checking account

An excellent training about Accounting & Bookkeeping

Bank Reconciliations & Cash Internal Controls

We will discuss internal controls including what they are, why they are useful, and the objectives of internal controls. We will then move to internal controls specific to cash including bank reconciliations. Bank reconciliations are important controls for both large and small companies. After the double entry accounting system itself, the bank reconciliationis one of the most important internal controls. The bank reconciliationwill compare the bank statement to the cash book balance as of a point in time and reconcile the difference between the two. The bank reconciliation process will provide more assuranceof the cash account and will provide more assuranceover many otheraccounting processes because most accounting processes include cash. For example, reconciling the bank account provides more assurance over the revenue cycle, purchases cycle, and payroll cycle. We will also discuss the setting up and recording of a petting cash account, a process that can be more complex then if first seems. In addition to instructional video, this course will include downloadable Downloadable PDF Files Excel Practice Files Multiple Choice Practice Questions Short Calculation Practice Questions Discussion QuestionsThe PDF files allow us to download reference information we can use offline and as a guide to help us work through the material. Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships. Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions. Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions. Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints. Who will we be learning from?You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum. You will be learning from somebody who is a: CPA Certified Public Accountant CGMA Chartered Global Management Accountant Master of Science in Taxation CPS Certifies Post-Secondary Instructor Curriculum Development ExportAs a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels. As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications. The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro. Content Includes: Internal controlsCash receipts internal controlsCash disbursements internal controlsBank reconciliationsPetty cashAccounting cycleDefinitions and key terms

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