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Teaching & Academics Online Education Bank Reconciliation

Accounting 104 - Bank Reconciliation & Correction Of Errors

Learn to reconcile differences between the Cash Book & The Bank Statement, and Pass correction of error entries!
Highest Rated
Rating: 4.6 out of 54.6 (23 ratings)
3,487 students
Created by Shakir Elahi
Last updated 4/2019
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Students will be able to reconcile differences between the Cash Book & The Pass Book (Bank Statement)
  • Students will be able to identify errors & pass correction entries

Requirements

  • You should be able to use the computer at a basic level
  • Accounting 101 - The Principles Of Accounting
  • Accounting 102 - The Ledger & The Trial Balance
  • Accounting 103 - The Special Journals & Subsidiary Ledgers

Description

This course "Accounting 104 - Bank Reconciliation & Correction Of Errors" is Part 4 out of a series of courses that are designed to help the complete beginner (someone who has no knowledge of accounting) master the basics of accounting and move on step by step to becoming a professional accountant!   

The course is not just theory but takes real life examples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment.    

This is a slow moving course. Please do not expect me to move fast since it is designed for the beginner student. Those students who are already aware of accounting concepts should take a more advanced level course instead.   

In this course we are going to learn:   

  • Why do the balances in the Cash Book & Pass Book differ?

  • How to calculate the Adjusted Balance?   

  • How to make the Bank Reconciliation Statement?

  • Understand the types of errors in the accounting process:

    • Errors of Omission

    • Errors of Commission

    • Errors of Principle

    • Compensating Errors

  • Passing Correction Of Error Entries in the General Journal 

  • Get Awesome Practice in the process   

Having completed the entire series students of the proper age would be able to take up entry level jobs as Book Keepers and/or Accountants, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.

Who this course is for:

  • Anyone looking to learn Accounting as a beginner
  • Beginners Only... This is a slow paced course that teaches students who have no previous education in accounting principles.

Course content

6 sections • 14 lectures • 1h 14m total length

  • Preview02:18

  • Preview08:30
  • How to prepare the bank reconciliation statement?
    06:38
  • Calculating The Adjusted Balance
    16:42
  • The Bank Reconciliation Statement
    05:38

  • Preview00:00
  • Bank Reconciliation - Self Practice Answer 1
    00:00

  • Preview04:27
  • Bank Reconciliation - Practice Question 1
    07:11
  • Correction Of Errors - Practice Question 1
    06:38
  • Correction Of Errors - Practice Question 2
    14:32

  • Preview00:00
  • Correction Of Errors - Self Practice Answer 1
    00:00

  • Conclusion
    01:38

Instructor

Shakir Elahi
Shakir Elahi
Shakir Elahi
  • 4.3 Instructor Rating
  • 4,479 Reviews
  • 61,422 Students
  • 18 Courses

Hi, I'm Shakir. I am a businessman / investor / trader.

I own several businesses that run professionally. This gives me spare time to trade the financial markets which I have been doing the past 15 years now. I must admit I found it challenging at first! Over these years I have studied the markets from a variety of sources... I have trained under expert traders, picked up trading skills from a vast library of books, analysed almost every kind of pattern that exists, and have settled down with a firm & calm understanding of how to trade. It has now come to be more of a passion to me.

I love to learn, create and develop new ideas. I like to learn out of curiosity and for the love of learning  something new. This help us all grow our creativity.  So join me in this quest and lets learn, create, and explore the world around us together!

Let Me Help You In Learning A New Skill Today

I create courses that teach you how to make consistent & passive income whether it is through stock market trading, freelance jobs, or even obtain full time employment.

I also create academic courses to help students around the world pick up new and valuable skills that they can use in their daily life.

I have been creating online courses since 2014 and I constantly improve my course so that they stay up to day.

All my courses offer a structured learning opportunity so that students do not miss out any important topic or skill.

The Money Back Guarantee

You have a 30-day money back guarantee so if you don't like any courses you will get a full refund.

There is no risk in enrolling in any of my courses.

I'm always improving my courses so that they stay up to date and I am always available to solve any and all my student may face regarding my courses.

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