MONTHLY BANK RECONCILIATION STATEMENT AND ACCOUNT RECEIVABLE(1 DAY)
By Mr. Kenneth Tam - 11 January 2019, 9:00 am to 5:00 pm
Kuala Lumpur
(100% Claimable From HRDF/PSMB)
Course Objective

The company’s general ledger account for cheque transaction may different from the bank record. The bank statement lists the activity in the bank account during the month as well as the balance in the bank account with the client. Most companies write hundreds of cheques each month and make deposits, reconciling the amounts on the company’s bank account with the amount on the bank statement can be time consuming.

By attending this course, you will be able to identify and resolve the confusing entries and discrepancies in your company bank account in the general ledger and bank statement. After the end of this practical course, you will learn the most useful techniques to adjust your company cash balance with the bank balance differences to produce correct bank reconciliation statement.

This training program also deal with Petty cash book, which many business use to record small amount paid in cash. The participants will learn of the type of transactions that are recorded in petty cash book, and how to make entries to it and transfer the financial data from the petty cash boo into the general ledger.

Who Should Attend:

Finance Executives, Account supervisor, Cashier, Administrator, Officer who monitor the general ledger, Account Receivable And Payable Executives, Office Managers, Account clerk who involve the posting of account, New accounting staffs who just joined the organization , Junior Accounting& Finance Executives ,Executives & Offices who do not have formal education in Accounting but require to learn it to perform the job.

Methodology:

Lectures, discussion, exercises facilitated by the trainer.

Duration

7 Hours, 1 Day.

Course Outlines :-
  1. INTRODUCTION TO BANK RECONCILIATION
    • Purpose of Bank reconciliation
    • Completing entries in bank account before reconciliation
    • Discrepancies between cash book and bank statement
  2. TYPES OF BANK ACCOUNT
    • Current account v Deposit account
    • Direct debit
    • Standing order
    • Bank overdraft
  3. BANK RECONCILIATION PROCESS FLOW
    • Method of Bank Reconciliation
    • Bank reconciliation format and other alternative approach
    • Compare Bank Statement with Accounting Records
    • Reasons for dishonoured Cheque
    • Activity: Prepare journal entries for transaction appear in bank statement for not in general ledger
    • Posted all entries to Bank Account in General Ledger
  4. COMPLETION OF A BANK RECONCILIATION STATEMENT
    • Investigation and adjusting entries to clear un-reconciled items and accounting record
    • Enter details of un-presented cheques
    • Enter details of bank lodgements
    • Agreed balances as per Bank Statement
  5. BANK RECONCILIATION SET-UP
    • Matching receipt
    • Matching payments by non-check payment
    • Measure to reduce float
    • Deal with foreign receipt: Initial recognition and settlement transaction
  6. PETTY CASH MANAGEMENT
    • Petty cash voucher
    • Reimbursing /replenishing of petty cash
    • Advantages of petty cash
    • Determine the amount of petty cash float
    • Petty cash transaction records and its description
Your Trainer

Mr. Kenneth Tam is a trainer cum consultant. He has over 30 years of corporate experience in the field of financial management, financial accounting , tax , business planning and budgeting .He had wide , extensive and hand-on experience in various industries which include oil and gas( upstream and downstream) , manufacturing, trading ,project management and education. From 1980 to 2008 he held various managerial positions in a Global oil and gas group of companies, one of the Fortune 500 companies.

Kenneth Tam is a Fellow member of the Association of Certified Chartered Accountants UK (FCCA), Associate member of the Chartered Institute of Management Accountants UK (ACMA), member of the Charted Global Management Accountant (CGMA), a member of the Malaysian Institute of Accountants (MIA). He also obtained a certificate IV in assessment and workplace training from Australia and approved certified trainer from PSMB.

Course Fee
(Course fee is inclusive of 2 tea breaks, lunch, course material,Certificate of Attendance)
Early Bird for training in KL : ( Book Before 28 December 2018 )
1 person or more ~ RM 880 / person
Standard
1 person ~ RM 980 / person
2 persons or more ~ RM 880 / person
(Course fee is inclusive of 2 tea breaks, lunch, course material, Certificate of Attendance)
Terms & Conditions:
1. Registration & Fees Policy
Registration is confirmed once registration form is received via fax/email/mail. All Payments/Undertaking Letters/Local Order (LO)/Letter of Approval must be made available and presented prior to the course.
2. Cancellation Policy
Any cancellation must be received in writing within 7 working days prior to the event else full payment will be imposed. Any no-show by registered delegates will be liable for full payment of the program fees.
3. Disclaimer & Program Changes Policy
Scientia Training Sdn Bhd reserves the right to amend or cancel the event due to circumstances beyond its control. We reserved the right to modify the advertised topics or course timing whenever necessary.
Registration:
1. Fax 03-6207 6727
       OR
3. Payment shall be made payable to SCIENTIA TRAINING SDN BHD
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