We’re digging deep into the FAR section of the CPA Exam with the latest free video lecture from Wiley CPAexcel on the topic of Bank Reconciliations. This is a topic that always seems to trip people up, so be sure to take copious notes.
Professor Pam Smith of Northern Illinois University returns for another informative, in-depth lecture for anyone preparing to sit for the FAR section of the CPA Exam. In under 15 minutes, Prof. Smith covers the purpose of Bank Reconciliations and walks you through an actual AICPA released Task-Based Simulation on a Bank Reconciliation.
After watching this lecture, you should be able to:
1. Thoroughly understand the purpose of Bank Reconciliations.
2. Complete a simple reconciliation.
3. Identify a reconciling item.
Got it? Let’s do this…
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