Finance technician: records, reconciliations and transaction control
A practical course for finance technicians, bookkeepers and accounts assistants: why complete records matter, how to post transactions with supporting documents, how to reconcile bank and sub-ledger accounts, how IAS 2 treats inventories, and how everyday controls catch errors before they reach the close. Five modules, each with a worked example, and a 10-question final quiz. Based on cited public pages from the IFRS Foundation, COSO, the IRS and HMRC. Not an accredited qualification and not accounting advice.
What you will learn
- Explain and apply: Explain why complete, supportable records are needed, using the IFRS Conceptual Framework and public tax-record guidance.
- Explain and apply: Post a transaction only when the supporting document is complete, including tax invoice fields where VAT or sales tax applies.
- Explain and apply: Reconcile a bank account and a sub-ledger to the general ledger and clear open differences.
- Explain and apply: Apply the IAS 2 lower-of-cost-and-net-realisable-value rule and the allowed cost formulas to a simple stock example.
- Explain and apply: Use everyday COSO control activities so completeness, accuracy and cut-off are evidenced on the transaction path.
modules
- Why records matter
- Supporting documents and tax fields
- Bank and ledger reconciliations
- Inventories under IAS 2
- Everyday controls on the transaction path
Practical education only. It is not legal, tax or accounting advice and not an accredited qualification. Apply your organisation’s chart of accounts, policies and the law of the jurisdictions you report in. Figures and names in worked examples are illustrative.