Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Bank Reconciliations & Cash Internal Controls

Internal controls, bank reconciliations, and internal controls related to checking account

4.46 (178 reviews)

Students

9.5 hours

Content

Jun 2019

Last Update
Regular Price

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What you will learn

Internal Controls

Cash Receipts Internal Controls

Cash Disbursements Internal Controls

Bank Reconciliation

Petty Cash

Comprehensive Problem

Definitions & Key Terms


Description

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 then if first seems. 

In addition to instructional video, this course will include downloadable

•    Downloadable PDF Files

•    Excel Practice Files

•    Multiple Choice Practice Questions

•    Short Calculation Practice Questions

•    Discussion Questions

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.

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
  • Accounting cycle
  • Definitions and key terms

Screenshots

Bank Reconciliations & Cash Internal Controls
Bank Reconciliations & Cash Internal Controls
Bank Reconciliations & Cash Internal Controls
Bank Reconciliations & Cash Internal Controls

Content

Introduction

Introduction

Internal Controls Overview and Cash Internal Controls Introduction

2 Internal Controls Overview and Cash Internal Controls Introduction Overview

PDF - 10 Internal Control Goals

10 Internal Controls

PDF - 20 Cash Internal Controls Overview

20 Cash Internal Controls Overview

Multiple Choice Questions 1 - Cash and Internal Controls

Accounting Comic Break

Cash Receipts Internal Controls

3 Cash Receipts Internal Controls

PDF - 30 Cash Receipts Internal Controls

30 Cash Receipts Internal Controls

Multiple Choice Questions 2 - Cash and Internal Controls

Accounting Comic Break

Cash Disbursements Internal Controls

4 Cash Disbursements Internal Controls

PDF - 40 Cash Dismemberment Internal Controls

40 Cash Disbursements Internal Controls

Multiple Choice Questions 3 - Cash and Internal Controls

Accounting Comic Break

Bank Reconciliations

5 Bank Reconciliations

PDF - 50 Bank Reconciliation D & D

50 Bank Reconciliation-Accounting%2C Financial

Excel Download

9.10 Bank Reconciliation January

Excel Download

Worksheet - 9.12 Bank Reconciliation Adjusting Entries January

Excel Download

Worksheet - 9.15 Bank Reconciliation February

Excel Download

Worksheet - 9.20 Bank Reconciliation Feb. Adjusting Entries

Multiple Choice Questions 4 - Cash and Internal Controls

Short Calculation 1

Accounting Comic Break

Petty Cash

6 Petty Cash

PDF - 60 Petty Cash

60 Petty Cash

Excel Download

Worksheet - 800.10 Petty Cash Journal Entries Part 1-Accounting%2C Financial

Worksheet 800.20 Petty Cash Journal Entries Part 2-Accounting%2C Financial

Multiple Choice Questions 5 - Cash and Internal Controls

Short Calculation 2

Accounting Comic Break

Comprehensive Problem

7 Comprehensive Problem

Excel Download

1 Accounting%2C Financial - Comp Prob Service Co 1 Part 1

2 Accounting%2C Financial - Comp Prob Service Co 1 Part 2

3 Accounting%2C Financial - Comp Prob Service Co 1 Part 3

4 Accounting%2C Financial - Comp Prob Service Co 1 Part 4

5 Accounting%2C Financial - Comp Prob Service Co 1 Adjusting Entries part 5

6 Comp Prob Service Co 1 Adjusting Entries part 6

7 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 7

8 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 8

9 Accounting%2C Financial - Comp Prob Service Co 1 Closing Process Part 9

10 Comp Prob Service Co 1 Closing Process part 10

Multiple Choice Questions 6 - Cash and Internal Controls

Multiple Choice Questions 7 - Cash and Internal Controls

Accounting Comic Break

Definitions & Key Terms

8 Definitions & Key Terms

Bank Statement Definition - What is Bank Statement%3F

Canceled Checks Definitions - What are Canceled Checks%3F

Cash Definition - What is Cash%3F

Cash Equivalents Definition - What are Cash Equivalents%3F

Cash Over and Short - What is Cash Over and Short%3F

Check Definition - What is Check%3F

Check Register Definition - What is Check Register%3F (1)

Deposits in Transit - What are Deposits in Transit%3F

Gross Method Definition - What is Gross Method%3F

Invoice Definition - What is Invoice%3F (1)

Liquid Assets Definition - What are Liquid Assets%3F

Liquidity Definition - What is Liquidity%3F

Outstanding Check Definition - What are Outstanding Checks%3F

Petty Cash Definition - What is Petty Cash%3F

Purchase Order Definition - What is Purchase Order%3F

Purchase Requisition Definition - What is Purchase Requisition%3F (1)

Bank Reconciliation Definition - What is Bank Reconciliation

Vendee Definition - What is Vendee%3F

Vendor definition - What is vendor%3F

Accounting Comic Break


Reviews

N
Nadzeya28 April 2021

I'm greatful for all the detailed lessons with practical presentations of all financial processes. The course helped me put in order all I learnt earlier and received during the course information. Great course! Valuable lessons! Highly suggest to take this course!

H
Huldah28 September 2020

Thank you very much for the knowledge, the course just fit in my career path and present job, now I have a clear understanding on internal control system.

A
Anwan1 September 2020

Excellent course. I really learned a lot from this course. Each and every part of this course was truly awesome

P
Pooja21 July 2020

This course can add value in career from this course I can learn lot of things that's helpful me. I should very thankful for this course

D
Debbie19 July 2020

Good information, however alittle fast on the excel, and also the videos cut out alot !, so this is very frustrating

K
Kinjal17 May 2020

I m happy to gain knowledge through udemy.. best online courses are Available for each and everything

K
Kaela12 May 2020

I just started taking this course but so far it is amazing! It has exceeded my expectations and I can't wait to take more courses from this instructor

D
David26 March 2020

This course has been a good refresher for me. The step by step explanation of the bank reconciliation, I found to be very helpful, as were the practice examples (work along examples). I find the way Bob presents the information is conducive to my learning style, each subject is clearly explained and presented. This is the sort of course you can come back to, again and again.

B
Bryan19 December 2019

Well presented course that covered all general facets of bookkeeping leading up to financial statements.

I
Ivana17 October 2018

Another great course by Bob! Above all, it's down-to-earth and applicable to real life business situations. The explanations are simple and clear and easy to follow along. Although I do have previous accounting experience, I learnt a lot of new things about the "background mechanism" of accounting processes, such as what steps are required to take place before a transaction can be recorded, what accompanying documents are needed and what the principles and methods of cash controls are. Additionally, Bob is very responsive and always willing to help with detailed explanations.


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1635660

Udemy ID

4/7/2018

Course created date

4/1/2020

Course Indexed date
Lee Jia Cheng
Course Submitted by

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