FAF3

Syllabus E4. Bank reconciliations 4 / 4

a) Understand the purpose of bank reconciliations.
b) Identify the main reasons for differences between the cash book and the bank statement.
c) Correct cash book errors and/or omissions.
d) Prepare bank reconciliation statements.
e) Derive bank statement and cash book balances from given information.
f) Identify the bank balance to be reported in the final accounts.
Bank reconciliations