Financial Management > Bank Reconciliation and Petty Cash Management (Online Training)

Bank Reconciliation and Petty Cash Management (Online Training)

Course Objectives

Learn how to Identified and reconcile discrepancies between cash balances shown in the general ledger with that of the bank statement.
Gain techniques to adjust the differences to produce a correct bank reconciliation statement.
Learn how to look out for risk of frauds from the reconciliation.
Learn how to manage Petty cash under Imprest System, its recording in the books of account and how to implement controls abuses and frauds.

Target Audience

Business Owners and entrepreneurs
Fresh Accountants / Accounting Graduates,
Accounts Executives & Accounts Supervisors,
Accounts Assistants, Book Keepers and Clerks
Credit controller
Sales Managers and Executives
Others Executives overseeing and in charge of actual collections

Methodology

Delivery of the course is online supported with course notes
Participative and active group discussions
Exercises / Assignments

Course Modules

Module 1: Bank Reconciliations
– Discrepancies between the records and balances in the company’s ledger and the bank statement.
– Causes of the discrepancies
– Dealing with foreign currencies / exchange difference.
– Hands on completion of bank reconciliation statements
– Tracking of unidentified transactions.
– Fraud identifications
Module 2: Petty Cash Management
– Imprest System of petty cash management
– Petty cash record maintenance and payment policies and procedures
– Petty Cash payment transaction processing.
– Petty Cash reimbursements – when and how
– Petty cash posting into general ledger.
– Petty cash control and monitoring for abuse and fraud avoidance.

Get To Know The Trainer

Trainer Tan KT

Tan has 40 years of working experience in financial, strategic and general management field. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of these time are spend in the Manufacturing, Marketing & Distribution and Services organizations.

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