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Level 3 Diploma in Business Management

Bank Reconciliation

BM305 · Finance in Business — Week 4 of 16

CourseBM305
Week4 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Bank Reconciliation

  1. Identifying differences between cash book and bank statement
  2. Accounting for bank charges and interest
  3. Recording uncredited deposits and unpresented cheques
  4. Preparing bank reconciliation statements

What you will be able to do

  • 2.2 Demonstrate accurate bank reconciliation.

Activity

Seminar, guided reading and a short written task: demonstrate accurate bank reconciliation.

Study materials

Videos

  • Accounting 1: Program #27 - "Bank Reconciliations" · YouTube · JCCCvideo · 47 min · for registered students
  • Accounting 1: Program #28 - "Bank Reconciliations" · YouTube · JCCCvideo · 45 min · for registered students

Further resources

  • Principles of Accounting Vol. 1, ch. 8.6: Bank reconciliation · PDF · OpenStax, textbook chapter; pp. 500–501 · for registered students
  • Introduction to Financial Accounting, Lyryx 2023-A, ch. 7: Cash and Receivables · PDF · Other, textbook chapter; pp. 263–306 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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Course plan
  • Week 1: Introduction to Business Records and Accounting
  • Week 2: Business Finance and Financial Statements
  • Week 3: The Double Entry Accounting System
  • Week 4: Bank Reconciliation
  • Week 5: Control Accounts and Correction of Errors
  • Week 6: Absorption and Marginal Costing
  • Week 7: Budgeting Framework and Subsidiary Budgets
  • Midterm: Midterm evaluation
  • Week 9: Budgetary Control and Variance Analysis
  • Week 10: Investment Appraisal Methods
  • Week 11: Appraisal Application and Project Evaluation
  • Week 12: Applying Finance in Business in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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