ACC02 – Accounting: Problem solving techniques

Course Presenter: H. Engelbrecht/P. Knoetze

Duration: 5 hours

Maximum Attendees: 30

Course Level: Intermediate

Costs: (FCS Clients, NIPA, ICAN) not presented in 2019

Costs: (all others) not presented in 2019

Who should attend:  Accounting Trainees; Bookkeeping staff; Client processing staff.

Contents:

This presentation is a practical workshop on how to:

1. Get any reconciliation to balance, then applying appropriate action to resolve reconciling items where required.
2. What is a reconciliation and why is it done;
3. Reconciling any two sets of numbers;
4. Step-by-step: Avoid distractions, keep focused;
5. Verifying your reconciling items, take action;
6. Common problem areas when doing:
7. Opening Balance reconciliations;
8. Bank reconciliations;
9. Creditors reconciliations;
10. Intercompany account reconciliations;
11. Balancing any financial report being prepared from underlying information, finding mistakes on out-of-balance reports swiftly;
12. Analytical review – how to perform and which criteria to set and which ratios to use; quick check on finance charges;
13. Preparing financial information from incomplete records – detailed guide;
14. The last 5 minutes of every job are the most important ones.