Fundamentals of Accounts Reconciliation Strategies 1st Batch

Accounts Reconciliation Strategies and Management of Suspense Accounts is organised by Alpha Partners, the second Batch will hold from 11th - 14th July 2023 at Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba, Lagos, Nigeria.

OBJECTIVE: There has been an increase in the cases of unreconciled items and suspense accounts in corporate firms accounting systems.

These discrepancies come up as a result of inadequate accounting knowledge, fraud, errors in daily transactions, or even a mixture of these factors.

The financial transactions of corporate firms are usually affected by unreconciled items which invariably affect the organisations surplus or profit.

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 WHO: Accountants, treasurers, auditors, reconciliation officers, finance managers, and others who perform related functions.

TRAINING METHODOLOGY: The method used for the training will be a mixture of lectures, discussions, group exercises, and illustrations. Participants will gain both theoretical and practical knowledge of the topics with a major emphasis on practical.

When & Location

Location:
Lagos, Nigeria
Date:
11/07/2023 09:00 AM to 14/07/2023 04:00 PM


Contact
Event Organiser:
Address:
Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba, Lagos.
Telephone:
0803 304 5484


Event Price:
free
Tickets Available At:
http://alphapartners-ng.net/




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