ACC 12 – TERM 2 – WEEK 5 and 6 – Reconciliations
Analysis and interpretation of bank, debtors’ and creditors’ reconciliations:
• reconcile creditors’ statements with their personal accounts
• reconcile debtors lists and creditors lists with control accounts
• analyze and interpret debtors’ age analysis
• analyze and interpret bank statements and bank reconciliation statements.
Integration of ethical issues relating to cash, debtors and creditors: payment periods, interest, credit ratings, fraud, etc.
Integrate internal audit and internal control issues relating to
cash, debtors and creditors