Bank Reconciliation Lesson Plan

Lesson propose The stick Reconciliation Statement familiar Objectives Students testament1. Account for conflicts between the gold mass and cuss avowal chemical equilibrium wheels.2. occasion a aver atonement teaching using the adjusted trial balance.Specific Objectives Students impart Cognitive1. Demonstrate hunch forwardledge of the notion of reconciling chamfer financial disputations.2. Explain the reasons as to why your funds loudness and margin statement may not balance.psychomotor 1. Construct a bank rapprochement statement using the adjusted specie in book balance.Affective 1.Value the importance of preparing a bank atonement statement.Prior companionship Students have a clear intellect of 1. The two column cash book.Lesson 1 depose Reconciliation Statement TIME(minutes) ELEMENTS mode CONTENT TEACHER ACTIVITIES STUDENTS ACTIVITIES TEACHER LEARNING RESOURCES EVALUATION laid Induction/Introduction - Scenario -Discussion -Listening- Responding moldable disbelieving Objectives Sharing the Specific Objectives origination 1 - Reasons for the difference in the bank statement and our cash book. - sceptical- Providing information-Explaining -Listening- Responding Chart- Whiteboard- Whiteboard markers fictile Questioning stocky 1 look backward of Presentation 1 - Questioning Responding Formative Questioning Presentation 2 - Definition of terms -Providing information-Explaining -Listening- Responding Chart- Whiteboard- Whiteboard markers Formative Questioning Summary 2 Review of Presentation 2 - -Questioning Responding Formative Questioning Presentation 3 Illustration of an drill -Providing information-Explaining -Listening- Responding Chart-Whiteboard- Whiteboard markers Formative Questioning Summary 3 Review of Presentation 3 - -Questioning Responding Formative Questioning rating - Students pull up stakes execute hitd worksheet -Observation Working Whiteboard- Whiteboard markers Summative proof Correction of exercise - Providing feedback -Providing Answers Students work - Clo veritable - The instructor will review and recap the lesson and then sink the class. Dis lacking(p) of assimilators. - - - Lesson Notes Set InductionEdward Cullen from the movie Twilight has a bank chronicle and money to manage. You will learn to give aside his monthly discover statement and friend oneself him make sure his bank balance is correct. This will help him to make sure that he has profuse money for his date with Bella this weekend. This will help you in your bear life with your own banking responsibilities. A bank statement is a detailed record of the checking account from the bank. The bank statement balance is the amount of money left in the account per banks records. The check book balance is the amount of money left in the account per depositors records.All banks use computers to prep are bank statements. Data about in alone checks pay and all d eposits received are entered into the computer in order to salve the depositors account up-to-date. All of the information that is stored in the computer is printed out on the bank statement. There will unremarkably be differences between the check book balance and the bank statement balance. In this lesson, you will begin to learn how to formulate these differences by preparing a bank reconciliation statement. This statement is used to bring the check book and the bank statement balances into agreement.Presentation 1The teacher will without delay explain the reasons for the difference in the bank statement and the cash book. Which are as followsUn-presented chequesDishonoured chequesDirect debitsStanding ordersBank giro sourcePresentation 2The teacher gives a brief explanation on the meaning of these items, and why they may spend a penny the bank statement and bank account balances to differ.Presentation 3The teacher demonstrates a scenario where the cash book bank balance and the bank statement balance differ.CASH allow DATE PARTICULARS nitty-gritty DATE PARTICULARS sum up 2011 $ 2011 $ declension 1 relief b/f 250 dec 5 J. Gordon 65 decline 20 P. Thomas one C Dec 27 K. Hughes 175 Dec 28 D. Jones one hundred ninety Dec 31 oddment c/d ccc 540 540 2012 Jan 1 Balance b/d 300 Bank Statement 2011 Particulars Withdrawals Deposits Balance $ $ $ Dec 1 Balance b/f 250 Dec 8 10625 65 185 Dec 21 Deposit 100 285 Dec 28 Deposit 190 475 Dec 29 10626 175 300 Dec 30 Bank giro cheque credit P. metalworker 70 370 Dec 31 Bank charges 50 320 It is now possible to realise that the two items not shown in our cash book are Bank Giro credit P.Smith $70 P. Smith had paid us $70, but instead of gainful us by cheque he paid directly into the bank. We did not know of this until we received the bank statement. Bank charges $50 The bank had charged us $50 for keeping our bank account and all the work connected with it. Instead of notifying u s they have simply taken out the money out of our bank account. The balance in our cash book was $300, whereas our bank statement shows a balance of $320. To sample that although the balances differ they can be harmonise with each other, a bank reconciliation statement will be careworn up.As we have now identified the items missing from our cash book we can now complete writing it up as follows. Bank Reconciliation Statement as at 31 December 2011 Balance as per cash book $300 Add Bank Giro credit $70 $370 Less Bank charges $50 Balance as per bank statement $320 The completed cash book would now look as followsCASH BOOK DATE PARTICULARS AMOUNT DATE PARTICULARS AMOUNT 2011 $ 2011 $Dec 1 Balance b/f 250 Dec 5 J. Gordon 65 Dec 20 P. Thomas 100 Dec 27 K. Hughes 175 Dec 28 D. Jones 190 Dec 31 Bank charges 50 Dec 30 P. Smith 70 Dec 31 Balance c/d 320 610 610 2012 Jan 1 Balance b/d 320 Evaluation The teacher would present each student with a practise exercise on prep aid expense accounts scenarios. During this time the teacher would walk around the classroom find the students responses and offering economic aid were needed.