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OBJECT IVES
Unreconciled items and suspense accounts have inevitably become rampant in the accounting systems of most Corporate Organisations. They arise due to mistakes in handling day-to-day transactions, lack of adequate accounting knowledge, poor work attitude, fraudulent activities or a combination of this and other factors. Unreconciled items definitely affect the corporate financials adversely and in much case result in statutory provisions that erode the profit/surplus of the Corporate Organisation in the public and private sectors.
Needless to emphasis that unreconciled items and suspense accounts should be avoided as much as possible and professionally handled where they inevitably exist, in order to avoid abuse by unscrupulous members of staff.
CONTENT:
- Basic accounting techniques
- Basic reconciliation techniques
- Computer based structure and administration
- Hierarchy and structure of accounts reconciliation units.
- Accounts codes
- Sorting and matching unrecognized transactions.
- Skill in tracking unrecognized differences.
- Fraudulent activities in Accounts reconciliation and management of suspense accounts
- Specific techniques in reconciling Banking transactions, Stock, Debtors, Creditors, Cash ect.
- Inter branch and Inter-company reconciliation’s.
- Transfer pricing and reconciliation.
- Prudential guidelines including provisions in the accounts based on unrecognized items.
- Application of information technology in reconciling outstanding suspense items.
- Various available inter- branch and inter-company reconciliation computer packages.
- Experience sharing session.
- Emerging trends and future challenges.
THIS WORKSHOP IS DESIGNED FOR :
Accountants, Auditors, Stores Managers, Cash Officers, Credit Managers, and
others that perform related functions in both the public and private sectors
including Banks Oil Companies, Insurance Companies, ManufacturingCompanies,
Service Companies, Trading Organisations, Government Ministries, Parastatals,
Agencies, Commissions etc.
FACULTY: The Faculty Team Members are experts from the institute and the world of industry and commerce.
WORKSHOP METHOD:
Formal lectures, Group discussions and Case study.
WORKSHOP VENUE:
Nisrel Training and Conference Center,
Elephant Cement House,
(5th floor, B Wing) Alausa, Ikeja- Lagos.
DATE: 25th –27 May 5-7 October 2009
FEES: The workshop fee is N55, 500.00 (Forty Five Thousand Five Hundred Naira) only, per participant to cover workshop literature and materials, Executive Bag, Tea/Coffee, Lunch, Photographs, Certificates. Payment may be in cash or Bank draft. Payment may be made before the workshop date or at the venue of the workshop.
DISCOUNTS:
3-5 Participants 5%
Above 5-participants 10% MODE OF PAYMENTS:
Payments in cash or bank draft should be made to the “Ikeja District Society of ICAN “ and sent to:
The Chairman,
Ikeja District Society,
The Institute of Chartered Accountants of Nigeria,
4, Araromi Street Aniforwose,
P.O BOX 13392, Ikeja.
Tel: 01-8143025 , 01-7943921,07090058765
For In-house training arrangements, please call Francis on 08035062583; 08075486693
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