Course Description

Cash is a fundamental part of every business. For this reason, it is important to make sure that cash is accounted for properly and reconciled regularly. In this course, we will learn about several journal entries related to cash. We will also talk about bank reconciliations – why they are important, what they do, and how to know if something is out of balance. This course is fundamental for any business owner or bookkeeper!

Learning Objectives

  • Recall what transactions do and do not touch the cash account.

  • Identify the journal entries necessary to void a check and stop payment on a check.

  • Recognize what a bank reconciliation does.

Additional Required Materials

  • Level: Basic

  • Field of Study: Accounting

  • Who Should Attend: Small business owners who want to better understand financial and accounting records, as well as bookkeepers who are just getting started.

  • Required Knowledge: None

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.