Accounting Bank Reconciliation Statement (College Level)
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Accounting Bank Reconciliation Statement (College Level)

Complete course to learn how to prepare Bank Reconciliation Statement
5.0 (2 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,183 students enrolled
Last updated 8/2016
English
Current price: $10 Original price: $20 Discount: 50% off
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Includes:
  • 1 hour on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand Bank Reconciliation Statement
  • Understand Causes for Disagreement between Bank Balance as per Bank Book and Pass Book
  • Prepare Bank Reconciliation Statement
View Curriculum
Requirements
  • Basics of Accounting
  • Cash Books in Accountancy
Description

Welcome to Accounting Bank Reconciliation Statement Course. Business entities will be having large number of Bank transactions and these transactions will be recorded by them in their Cash Book (Bank Column). The bank balance as per Cash Book should be balanced with Bank Balance as per pass book. However, there will be certain differences due to timing difference between recording the transactions by the parties, namely the business entity and the Banker. This difference have to be identified and sorted at the earliest to avoid fraud and error. This difference can be identified by preparing a Statement known as Bank Reconciliation Statement and this course will teach you a) What is Bank Reconciliation Statement. b) What is Cash Book and Pass Book. c) Difference between Cash Book and Pass Book d) Causes for disagreement between the balance shown by Cash Book and Pass Book e) Procedure for preparing BRS f) Preparing BRS when bank balance is favourable / unfavourable. This course is structured in self paced learning style. Video lectures / screen cast are used for presenting the course content. Take this course to understand practical aspects of BRS.

Who is the target audience?
  • Accounting and Finance Students
  • Accounting and Finance Executives
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Curriculum For This Course
Expand All 16 Lectures Collapse All 16 Lectures 01:18:39
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Introduction
6 Lectures 23:58



Difference between Bank Book and Pass Book
06:29

Bank Reconciliation Statement
06:16

Importance of BRS
01:50
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Causes for Disagreement
5 Lectures 14:26

1st Disagreement cheque paid not collected
02:04

2nd Disagreement cheque issued not presented
03:49

3rd Disagreement Amount directly credit by Bank w/o knowledge of company
03:07

4th Disagreement Amount directly Debited by Bank w/o knowledge of company
03:39
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Practical Cases on Bank Reconciliation Statement
5 Lectures 32:15

Overview of Bank Reconciliation Statement
11:07

Procedure for preparing Bank Reconciliation Statement
10:36

Format of Bank Reconciliation Statement
08:43

Bonus Lecture - Discount Coupon Link For Other Courses
8 pages
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.2 Average rating
747 Reviews
31,166 Students
81 Courses

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.