Bank Reconciliation, Petty Cash Management & Effective Receipts And Payment Control Mechanisms

25-26 Jun, 2018, Kuala Lumpur


COURSE HIGHLIGHTS
  • SESSION 1: BANK RECONCILIATION
    + Introduction
    + Mechanics Of The Reconciliation
    + Actions Required Following Completion Of A Bank Reconciliation
  • SESSION 2: PETTY CASH MANAGEMENT
    + Introduction
    + Mechanics Of The Petty Cash Imprest System
  • SESSION 3: EFFECTIVE RECEIPTS & PAYMENTS CONTROL MECHANISM
    + Accuracy Of Input Data For Receipts
    + How To Deal With Foreign Exchange Receipts
    + Control Over Cheques And Direct Debits
    + Data Capture Of Payments
    + Use Of Computer-Aided Techniques – Pros & Cons (AP-System)

    PLUS! Practical Workshop Sessions

    This course is conducted in English &
    Bahasa Melayu.
WHO SHOULD ATTEND
  • Accounts Supervisors
  • Accounts Officers
  • Senior Bookkeepers
  • Cashiers
  • Accounts Clerks
  • Accounts Assistants
  • Non-Financial Executives
  • Administrators
  • Secretaries
AFTER ATTENDING THIS COURSE,
YOU WILL RETURN TO YOUR JOB…
  1. Learning The Proper Accounting Process.
  2. Understanding The Double-Entry Book-Keeping System.
  3. Understanding The Systematic Procedures in Internal Cash Control.
  4. Knowing The Purpose Of The Periodic Adjustments To Accounting Records.
  5. Having A Basic Understanding Of The World Of Accountancy Conventions And Financial Terms.
 
DAY 1
SESSION 1: BANK RECONCILIATION
9:00 INTRODUCTION
  • Bank Reconciliation As An Important Internal Control Tool
  • Who Should Be Performing Bank Reconciliation
  • Format of a Bank Reconciliation Report - What Are The Control Balances
10:00 MECHANICS OF THE RECONCILIATION
  • Cash Book Statement - Source of Entries And Accounting Entries
  • Bank Statement - Source of Entries and Brief Explanation of Bank’s Format
  • Matching Receipts and Matching Payments by Non- Cheque Payments
  • Techniques to Track Down Unidentified Transactions
  • Ensuring Complete List of Unreconciled Items
1:00 Lunch

2:00 ACTIONS REQUIRED FOLLOWING COMPLETION OF A BANK RECONCILIATION
  • Ensuring Proper Review by Authorised Supervisor
  • Setting of Timelines for Investigation and Adjusting Entries to Clear Unreconciled Items
  • Techniques to Approach Bank for Clarification of Unidentified Entries
  • Making Bank Reconciliation Simpler by Having Less Bank Accounts
5:00 End of Day 1
DAY 2
SESSION 2: PETTY CASH MANAGEMENT
9:00 INTRODUCTION
  • Why do We Have Petty Cash Floats
  • Internal Controls Surrounding Petty Cash Including Appropriate Books of Records and Documents
  • Internal Controls Over Handling and Keeping of Cash
10:00 MECHANICS OF THE PETTY CASH IMPREST SYSTEM
  • The Various Books of Records Required
  • Illustration of Transaction Trail Through the Various Books
  • Principles of an Imprest (Float) System and How It Works
  • Reimbursement of Petty Cash Floats and Key Control Figures
  • Posing of Petty Cash Entries to the General Ledger
  • How to Investigate Shortages and Trace Reasons Why
1:00 Lunch

SESSION 3: EFFECTIVE RECEIPTS & PAYMENTS CONTROL MECHANISM
2:00 ACCURACY OF INPUT DATA FOR RECEIPTS
 
2:30 HOW TO DEAL WITH FOREIGN EXCHANGE RECEIPTS
 
3:00 CONTROL OVER CHEQUES AND DIRECT DEBITS
 
3:45 DATA CAPTURE OF PAYMENTS
 
4:15 USE OF COMPUTER AIDED TECHNIQUES - PROS & CONS (AP-SYSTEM)
 
5:00 End of Course


 

LEARN FROM THE BEST

MR S. S. DANIEL, B. Commerce, M.I.M.M. has over 25 years of experience in Accounting and Financial Management and has worked as a Corporate Loan Officer, Branch Manager and Vice President in the Audit Department of a leading prominent local bank. He had the responsibilities for reviewing, developing and implementing internal controls and compliance procedures for the bank.

 

Daniel is an accomplished speaker / trainer in the accounting and finance field. He was also previously actively involved in lecturing on Financial & Management Accounting for CIMA and ACCA programs at local institutions of higher learning for over 15 years. At present Daniel is the Principal Consultant of his own professional training firm and is fully committed in conducting training programs on Accounting and Financial Management, Internal Auditing, Credit Management and Branch Operations for several prominent banks and MNCs.

 

Following are the accounting and finance-related courses conducted by him:-

  • Effective Cash Flow Management;
  • Implementing Effective Debt Collection Techniques;
  • Effective Financial Skills For Non-Finance Managers;
  • Contemporary Internal Auditing;
  • Credit Management & Debt Recovery Techniques;
  • Advance Financial Statement Analysis – A Practical Approach;
  • Detecting, Investigating & Preventing Fraud;
  • Corporate Credit Analysis;

 

Daniel provides practical hands-on and dynamic lively training sessions, which have received excellent feedback from past participants from both local and overseas market.

 

His training sessions are well regarded and participative in nature and the evaluation by the participants who have attended his courses attest to his ability to part the practical knowledge that he had acquired during his 25 years of experience in the financial sector.

 

VENUE DETAILS

Vistana Kuala Lumpur
9 Jalan Lumut Off Jalan Ipoh
50400 Kuala Lumpur

Phone :03 4042 8000

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@ipa.com.my
 

ADDRESS 

A-28-5, 28th Floor, 
Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my