Bank Reconciliations & Cash Internal Controls

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

4.43 (410 reviews)
Accounting & Bookkeeping
9.5 hours
Jul 2022
last update
regular price

What you will learn

Internal Controls

Cash Receipts Internal Controls

Cash Disbursements Internal Controls

Bank Reconciliation

Petty Cash

Comprehensive Problem

Definitions & Key Terms


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




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


Bank Reconciliations & Cash Internal Controls - Screenshot_01Bank Reconciliations & Cash Internal Controls - Screenshot_02Bank Reconciliations & Cash Internal Controls - Screenshot_03Bank Reconciliations & Cash Internal Controls - Screenshot_04


April 28, 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!
September 28, 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.
September 1, 2020
Excellent course. I really learned a lot from this course. Each and every part of this course was truly awesome
July 21, 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
July 19, 2020
Good information, however alittle fast on the excel, and also the videos cut out alot !, so this is very frustrating
May 17, 2020
I m happy to gain knowledge through udemy.. best online courses are Available for each and everything
May 12, 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
March 26, 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.
December 19, 2019
Well presented course that covered all general facets of bookkeeping leading up to financial statements.
October 17, 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.


4/1/2020100% OFF
4/28/2020100% OFF
5/23/2020100% OFF
6/23/2020100% OFF
7/18/2020100% OFF
8/14/2020100% OFF
8/31/2020100% OFF
11/25/2020100% OFF
12/20/2020100% OFF
1/20/2021100% OFF
3/1/2021100% OFF
4/29/2021100% OFF
1/31/2022100% OFF
2/10/2022100% OFF
2/17/2022100% OFF
2/26/2022100% OFF
3/14/2022100% OFF
3/26/2022100% OFF
4/1/2022100% OFF
4/10/2022100% OFF
5/7/2022100% OFF
5/14/2022100% OFF
5/23/2022100% OFF
6/8/2022100% OFF
6/16/2022100% OFF
7/11/2022100% OFF
7/18/2022100% OFF
7/28/2022100% OFF
8/7/2022100% OFF
8/14/2022100% OFF
8/19/2022100% OFF
9/7/2022100% OFF
9/11/2022100% OFF
9/19/2022100% OFF
10/6/2022100% OFF
10/13/2022100% OFF
10/20/2022100% OFF
11/7/2022100% OFF
11/14/2022100% OFF
11/21/2022100% OFF



Bank Reconciliations & Cash Internal Controls - Price chart


Bank Reconciliations & Cash Internal Controls - Ratings chart

Enrollment distribution

Bank Reconciliations & Cash Internal Controls - Distribution chart
udemy ID
course created date
course indexed date
Lee Jia Cheng
course submited by