Settling and Reconciling Accounting Records Course
1Summary
At the end of almost every accounting period, something doesn't quite balance – a bank statement that doesn't match the ledger, a register that needs correcting before the books can close. This course from the Arab British Fellowship Training Academy is built around exactly that moment: the settlement process.
Through interactive "learning by doing" exercises, participants work through why accounting records and registers need settling, the stages that process involves, and how recording and reporting systems function inside an organisation, alongside the conceptual issues tied to accounting estimates.
2Objectives and target group
Who Should Attend?
- Supervisory agencies, central banks, and commercial banks.
- Investment banks, housing and savings associations, investment funds, and brokering companies.
- Stock exchanges, insurance companies, and multinational corporations.
- Accounting firms, consulting firms, law firms, rating agencies, and multilateral financial institutions.
Course Objectives:
By the end of the course, participants will be able to:
- Apply core accounting concepts, the accounting equation, and accounting rules.
- Register transactions and correct commercial records where needed.
- Prepare and analyse financial statements.
- Settle accounting records with confidence.
3Course Content
Module 1: Understanding the Settlement Process
- What bank account settlement actually involves.
- Why accounting records and registers need to be settled.
- The stages and procedures the settlement process follows.
Module 2: Recording and Verifying Balances
- Transaction registration and ledger entries.
- Balance accounts and preparing the trial (audit) balance.
Module 3: Reconciliation and Supporting Accounts
- Reconciling the control of debtors and creditors.
- Bank reconciliation statements.
- Systems and methods of inventory, and the functions of sub-accounting relevant to settlement.