Bank Reconciliations, & Cash Internal Controls-Practice Test
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Bank Reconciliations, & Cash Internal Controls-Practice Test

Test questions - Internal controls, bank reconciliations, and internal controls related to checking account
0.0 (0 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
720 students enrolled
Last updated 8/2018
English
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Current price: $13.99 Original price: $19.99 Discount: 30% off
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This course includes
  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Test Questions Related to Internal Controls
  • Test Questions Cash Related to Receipts Internal Controls
  • Test Questions Cash Related to Cash Disbursements Internal Controls
  • Test Questions Cash Related to Bank Reconciliation
  • Test Questions Cash Related to Petty Cash
Requirements
  • We should have a basic understanding of financial accounting and debits and credits.
Description

This course will just provide the practice text questions component of our resources only so that learners can work practice test-taking skills without being distracted by other resources.

Bookkeeping for cash and bank reconciliations. 

We will discuss internal controls including what they are, why they are useful, and the objectives of internal controls. We will then move to internal controls specific to cash including bank reconciliations. 

Bank reconciliations are important controls for both large and small companies. After the double entry accounting system itself, the bank reconciliation is one of the most important internal controls. The bank reconciliation will compare the bank statement to the cash book balance as of a point in time and reconcile the difference between the two. The bank reconciliation process will provide more assurance of the cash account and will provide more assurance over many other accounting processes because most accounting processes include cash. For example, reconciling the bank account provides more assurance over the revenue cycle, purchases cycle, and payroll cycle. 

We will also discuss the setting up and recording of a petting cash account, a process that can be more complex than if first seems. 

Who will we be learning from?

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.

You will be learning from somebody who is a:

•    CPA – Certified Public Accountant

•    CGMA – Chartered Global Management Accountant

•    Master of Science in Taxation

•    CPS – Certifies Post-Secondary Instructor

•    Curriculum Development Export

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro. 

Content Includes: 

·         Internal controls

·         Cash receipts internal controls

·         Cash disbursements internal controls

·         Bank reconciliations

·         Petty cash

·         Definitions and key terms

Who this course is for:
  • Accounting students
  • Business owner
  • Anyone who whats to learn accounting
Course content
Expand all 18 lectures 02:07:53
+ Multiple Choice
7 lectures 58:36
Multiple Choice
08:11
Multiple Choice
08:27
Multiple Choice
07:33
Multiple Choice
08:50
+ Short Calculation
2 lectures 20:18
Short Calculation
09:53
Short Calculation
10:25
+ Essay Questions
8 lectures 45:49
Essay Questions
07:38
Essay Questions
03:48
Essay Questions
05:56
Essay Questions
04:12
Essay Questions
06:24
Essay Questions
06:49
Essay Questions
05:40
Essay Questions
05:22