Stay ahead by continuously learning and advancing your career.. Learn More

Certificate in Bank Reconciliation

Practice Exam
Take Free Test



Bank Reconciliation Practice Exam


About Bank Reconciliation
Under financial accounting, bank reconciliation refers to the process of reconciling the bank account balance in a company’s accounting books with the balance reported by the bank as per the bank statement.


If any difference is observed then it is analyzed and if applicable it is corrected.


Companies should verify and reconcile their bank reconciliation statement on regular basis to avoid any discrepancies.



Why is Bank Reconciliation important?
Bank Reconciliation is important for a company as it
•    Correctness of bank interests, charges, etc.
•    Any error in debiting or crediting in the transactions
•    Spot any unusual transactions due to fraud or
•    Accounting errors can be easily located
•    Locate any inefficiencies
•    List any uncleared checks or deposits in transit

Who should take the Bank Reconciliation Exam?
Who this course is for:
•    Accounting and finance students
•    Business owner
•    Anyone who wants to assess their accounting skills

Bank Reconciliation Certification Course Outline

1. Basic Accounting Principles and Framework
2. The Accounting Equation and Financial Statements
3. The Accounting Cycle and Accrual Accounting
4. Accounting Transactions and Books of Account
5. Bank Reconciliation


Certificate in Bank Reconciliation FAQs

You can directly go to the certification exam page and register for the exam.

You will be required to re-register and appear for the exam. There is no limit on exam retake.

There will be 50 questions of 1 mark each

No there is no negative marking

You have to score 25/50 to pass the exam.

The result will be declared immediately on submission.

It will be a computer-based exam. The exam can be taken from anywhere around the world.