{"id":345,"date":"2017-12-20T14:16:19","date_gmt":"2017-12-20T14:16:19","guid":{"rendered":"https:\/\/avantgardenigeria.com\/index.php\/product\/dark-blue-denim-jeans\/"},"modified":"2024-12-12T16:24:51","modified_gmt":"2024-12-12T16:24:51","slug":"accounts-reconciliation-strategies-best-practices","status":"publish","type":"product","link":"https:\/\/avantgardenigeria.com\/index.php\/product\/accounts-reconciliation-strategies-best-practices\/","title":{"rendered":"ACCOUNTS RECONCILIATION STRATEGIES BEST PRACTICES"},"content":{"rendered":"<h3>Objective<\/h3>\n<p>The finance department in most organizations is coming under increasing pressure to transform and streamline the financial close and reporting function while continuing to maintain the integrity of the financial statements and close process. A key part of this close process includes the completion of detailed accounts reconciliation. In addition to the statutory pressure for accounts reconciliation, the current economic situation makes it imperative for finance executives to understand the details and transactions behind every account. They need to be able to easily identify fraudulent, improper and excessively aged transactions. In most organizations, the account reconciliation process is a very time consuming and manual process. A robust and integrated reconciliation system will allow finance to more effectively manage their business.<\/p>\n<p>This workshop is designed to teach participants the best way, accounts reconciliation strategies can be carry out without stress.<\/p>\n","protected":false},"excerpt":{"rendered":"<h3>Content<\/h3>\n<h6><strong>Introduction to Accounts Reconciliation<\/strong><\/h6>\n<ul>\n<li>What is Reconciliation?<\/li>\n<li>Why and How to Reconcile<\/li>\n<li>Benefits of Accounts Reconciliation<\/li>\n<li>Process, Policy and Procedures<\/li>\n<\/ul>\n<h6>Suspense Accounts and Errors<\/h6>\n<ul>\n<li>Errors of Commission<\/li>\n<li>Errors of Principles<\/li>\n<li>Errors of Original Entry<\/li>\n<li>Errors of Omission<\/li>\n<li>Compensations Errors<\/li>\n<\/ul>\n<h6>Bank Reconciliation<\/h6>\n<ul>\n<li>Balance per Bank Statements<\/li>\n<li>Deposits in Transits<\/li>\n<li>Outstanding Payments<\/li>\n<li>Bank Charges<\/li>\n<\/ul>\n<h6>Technology Solution<\/h6>\n<ul>\n<li>Automated Processes<\/li>\n<li>User Friendliness<\/li>\n<li>System Certificate Features<\/li>\n<\/ul>\n<h6>Accounts Reconciliation Best Practices<\/h6>\n<ul>\n<li>Balanced Figures at the end of each Accounting Period<\/li>\n<li>Improved Internal Payment Disciplines<\/li>\n<li>Optimization of Cash Flow<\/li>\n<li>Significant reduction of Exchange Rate Effects<\/li>\n<li>Avoiding \u201cCash in Transit\u201d Positions<\/li>\n<\/ul>\n<h6>Accounts Payable and Receivable<\/h6>\n<ul>\n<li>Invoices\/Memos<\/li>\n<li>Payments and Receipts<\/li>\n<li>Customers and Suppliers<\/li>\n<\/ul>\n<p><strong>FOR WHOM: <\/strong>Directors, Financial Controllers, Heads of Finance, Finance Managers, Auditors, Accountants, Reconciliation Managers\/Staff, Bank Officers and others who perform related functions\/who want to update their knowledge and skills in Accounts Reconciliation.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>DATE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/strong><strong>15th &#8211; 17th January, 2025<\/strong><\/p>\n<p><strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 9th &#8211; 11th July, 2025<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/avantgardenigeria.com\/index.php\/registration\/\"><img decoding=\"async\" class=\"alignnone wp-image-3464\" src=\"https:\/\/avantgardenigeria.com\/wp-content\/uploads\/2017\/12\/register-1.jpeg\" alt=\"\" width=\"202\" height=\"67\" \/><\/a><\/p>\n","protected":false},"featured_media":3470,"comment_status":"open","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"product_cat":[27],"product_tag":[],"class_list":{"0":"post-345","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-accounting-workshop","7":"desktop-align-left","8":"tablet-align-left","9":"mobile-align-left","11":"first","12":"instock","13":"shipping-taxable","14":"purchasable","15":"product-type-simple"},"_links":{"self":[{"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/product\/345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/comments?post=345"}],"version-history":[{"count":5,"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/product\/345\/revisions"}],"predecessor-version":[{"id":4962,"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/product\/345\/revisions\/4962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/media\/3470"}],"wp:attachment":[{"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/media?parent=345"}],"wp:term":[{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/product_cat?post=345"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/avantgardenigeria.com\/index.php\/wp-json\/wp\/v2\/product_tag?post=345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}