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There are 7 modules in this course
You'll develop essential financial control skills that accounting professionals use daily to protect company assets and ensure accurate reporting. This course integrates fraud detection principles with hands-on bank reconciliation and cash forecasting techniques.
You'll analyze how systematic reconciliation processes serve as critical internal controls, identifying red flags that could indicate fraudulent activity. Using QuickBooks and Excel, you'll execute complete bank reconciliations, investigating discrepancies and creating adjusting entries. You'll also build cash flow forecasting models to predict short-term liquidity needs and identify potential deficits.
By combining these core accounting functions, you'll demonstrate the comprehensive financial analysis skills that employers seek in accounting assistants and bookkeeping roles. This practical approach prepares you to contribute immediately to financial teams, whether in small businesses, manufacturing companies, or service organizations. The integration of traditional accounting principles with modern tools like AI-enhanced analysis and cloud-based accounting software reflects current industry practices.
You will explore how reconciliation processes serve as critical internal controls for fraud prevention and detection in accounting workflows.
What's included
2 videos1 reading1 assignment
Show info about module content
2 videos•Total 6 minutes
Why Fraud Detection Skills Matter for Every Accountant•2 minutes
Reconciliation as Internal Control: Detection and Prevention Framework•4 minutes
1 reading•Total 8 minutes
Building Fraud Prevention Through Systematic Reconciliation Processes•8 minutes
1 assignment•Total 5 minutes
Fraud Detection Knowledge Check•5 minutes
Analyzing and Resolving Discrepancies
Module 2•1 hour to complete
Module details
You will explore systematic comparison techniques, investigation procedures, and resolution protocols for financial discrepancies while strengthening organizational controls.
What's included
1 video1 reading3 assignments
Show info about module content
1 video•Total 7 minutes
Investigation Procedures: From Detection to Resolution•7 minutes
1 reading•Total 10 minutes
Systematic Comparison Techniques for Financial Record Analysis•10 minutes
Discrepancy Analysis and Resolution Knowledge Check•5 minutes
Identify Typical Reconciling Items
Module 3•29 minutes to complete
Module details
You will understand the nature and types of timing differences between company cash records and bank statements, developing the foundational knowledge needed for accurate reconciliation procedures.
What's included
3 videos1 reading1 assignment
Show info about module content
3 videos•Total 14 minutes
Bank Reconciliation Accuracy Matters for Your Career•2 minutes
Categorizing Reconciling Items: Book vs Bank Adjustments•5 minutes
Common Reconciling Items in Professional Practice•6 minutes
1 reading•Total 10 minutes
Understanding Reconciling Items: Types and Characteristics•10 minutes
1 assignment•Total 5 minutes
Reconciling Items Knowledge Check•5 minutes
Apply Bank Reconciliation Procedures
Module 4•1 hour to complete
Module details
You will perform systematic bank reconciliation procedures using QuickBooks to achieve accurate cash balance alignment and prepare professional reconciliation reports for management review.
What's included
4 videos1 reading2 assignments
Show info about module content
4 videos•Total 25 minutes
The Critical Role of Reconciliation Procedures in Cash Management•4 minutes
QuickBooks Bank Reconciliation Step-by-Step Procedure•7 minutes
Advanced Reconciliation Techniques and Problem Resolution•5 minutes
Complete Monthly Bank Reconciliation in QuickBooks•10 minutes
1 reading•Total 10 minutes
Systematic Bank Reconciliation Framework and Best Practices•10 minutes
2 assignments•Total 16 minutes
Professional Bank Reconciliation Competency Assessment•10 minutes
Bank Reconciliation Procedures Knowledge Check•6 minutes
Cash Management Fundamentals - Foundation
Module 5•1 hour to complete
Module details
You will learn essential cash management terminology and understand the critical concepts that form the foundation of effective cash flow management.
What's included
2 videos1 reading2 assignments
Show info about module content
2 videos•Total 9 minutes
Cash Management Terminology Matters in Accounting•4 minutes
Identifying Cash Float and Minimum Operating Cash in QuickBooks •5 minutes
1 reading•Total 8 minutes
Essential Cash Management Concepts for Accounting Professionals•8 minutes
2 assignments•Total 18 minutes
Cash Management Analysis for Small Business Advisory•15 minutes
You will build functional 7-day cash flow forecasts using structured models and financial assumptions to identify and highlight projected deficit periods.
What's included
2 videos1 reading3 assignments
Show info about module content
2 videos•Total 9 minutes
Accurate Cash Flow Forecasting Saves Businesses•3 minutes
Creating a 7-Day Cash Flow Forecast in Excel•6 minutes
1 reading•Total 10 minutes
Building Effective Cash Flow Forecasting Models •10 minutes
Project: Account Reconciliation and Cash Forecasting Fundamentals
Module 7•2 hours to complete
Module details
You will create a comprehensive monthly financial reconciliation package that integrates fraud detection procedures, bank reconciliation techniques, and cash flow forecasting to ensure accurate financial reporting and liquidity management.
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