page: 1

Prof. Dr. Carsten Berkau

CONTROLLING

Accounting 1 - Business Accounting

(14 - Adjustments:
Adjustments: bank reconciliation statement)
statement)
by
Prof.
.
Dr.
.
Carsten
Berkau
Prof Dr

14.1
14.1
Acc1.ppt

based on:
IFRS 2003

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

The accounting concept (Berkau

(Berkau//Rosenberg)
Rosenberg)
FINANCIAL
STATEMENTS
(IFRS)

BOOKS OF
ORIGINAL ENTRY

Balance
sheet

Sales journal /
Return inwards

Income
statement

Cash book
Petty cash book

General
ledger

Trial
balance

Payroll

Conversion

Acc1.ppt

based on:
IFRS 2003

Statement
of changes
in equity
Cash flow
statement

Journal

14.2
14.2

Adjustm.

Notes

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

- Controlling -

CONTROLLING

Purchase journal /
Return outwards

page: 2

Prof. Dr. Carsten Berkau

HPGs cash book, Jan - modified

Hpg's CASH BOOK - 1/20X2

2002-01-01
2002-01-01
2002-01-03
2002-01-14
2002-01-17
2002-01-25
2002-01-29
2002-01-30
2002-01-31
2002-01-31
2002-01-31
2002-01-31
2002-01-31

2002-02-01

14.3
14.3
Acc1.ppt

based on:
IFRS 2003

CR:
Details

Debit entry
Cash
Bank

Bal. b/d
Capital paid in
ROSEMEYER
IKEA
VOSS
Loan, bank
NOTTBECK
FH Osnabrck
Capital input
Capital input
Capital input
Capital input
Bal. c/d

Bal. b/d

Credit entry
Cash
Bank

4.000,00
15.000,00

CONTROLLING

DR:
Date

Page: 3016n

14.000,00
415,00
365,00
40.000,00
510,00
160,00
2.000,00
2.000,00
2.000,00
2.000,00
8.000,00

59.160,00

8.000,00

43.870,00

8.000,00
8.000,00

43.870,00
59.160,00

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

Bank statement - Jan

CONTROLLING

HPG's Bank statement as at 31 Jan 20X2 [EUR]

Date

01/01
01/01
01/03
01/12
01/14
01/17
01/25
01/31

14.4
14.4
Acc1.ppt

based on:
IFRS 2003

Detail

Withdrawals

Deposits

Balance b/d
Deposit
15.000,00
Check 201
14.000,00
Bank transf. SCHULZE BRAMMELKAMP
780,00
Check 202
415,00
Check 203
365,00
Deposit
40.000,00
Bank charges
10,00

Balance

4.000,00
19.000,00
5.000,00
5.780,00
5.365,00
5.000,00
45.000,00
44.990,00

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

- Controlling -

page: 3

Prof. Dr. Carsten Berkau

HPGs cash book, Jan - completed

Hpg's CASH BOOK - 1/20X2

2002-01-01
2002-01-01
2002-01-03
2002-01-12
2002-01-14
2002-01-17
2002-01-25
2002-01-29
2002-01-30
2002-01-31
2002-01-31
2002-01-31
2002-01-31
2002-01-31
2002-01-31

2002-02-01

14.5
14.5
Acc1.ppt

based on:
IFRS 2003

CR:
Details

Debit entry
Cash
Bank

Bal. b/d
Capital paid in
ROSEMEYER
Bank SCHULZE-BRAMMELKAMP
IKEA
VOSS
Loan, bank
NOTTBECK
FH Osnabrck
Capital input
2.000,00
Capital input
2.000,00
Capital input
2.000,00
Capital input
2.000,00
Bank charge
Bal. c/d
8.000,00

59.940,00

Bal. b/d

44.640,00

8.000,00

Credit entry
Cash
Bank

4.000,00
15.000,00

CONTROLLING

DR:
Date

Page: 3016n

14.000,00
780,00
415,00
365,00
40.000,00
510,00
160,00

8.000,00
8.000,00

10,00
44.640,00
59.940,00

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

Bank statement

CONTROLLING

HPG's Bank statement as at 31 Jan 20X2 [EUR]

Date

01/01
01/01
01/03
01/12
01/14
01/17
01/25
01/31

14.6
14.6
Acc1.ppt

based on:
IFRS 2003

Detail

Withdrawals

Deposits

Balance b/d
Deposit
15.000,00
Check 201
14.000,00
Bank transf. SCHULZE BRAMMELKAMP
780,00
Check 202
415,00
Check 203
365,00
Deposit
40.000,00
Bank charges
10,00

Balance

4.000,00
19.000,00
5.000,00
5.780,00
5.365,00
5.000,00
45.000,00
44.990,00

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

- Controlling -

page: 4

Prof. Dr. Carsten Berkau

HPGs Cash book, Jan - modified

Hpg's CASH BOOK - 1/20X2

2002-01-01
2002-01-01
2002-01-03
2002-01-12
2002-01-14
2002-01-17
2002-01-25
2002-01-29
2002-01-30
2002-01-31
2002-01-31
2002-01-31
2002-01-31
2002-01-31
2002-01-31

2002-02-01

14.7
14.7
Acc1.ppt

based on:
IFRS 2003

CR:
Details

Debit entry
Cash
Bank

Bal. b/d
Capital paid in
ROSEMEYER
Bank SCHULZE-BRAMMELKAMP
IKEA
VOSS
Loan, bank
NOTTBECK
FH Osnabrck
Capital input
2.000,00
Capital input
2.000,00
Capital input
2.000,00
Capital input
2.000,00
Bank charge
Bal. c/d
8.000,00
Bal. b/d

8.000,00

Credit entry
Cash
Bank

4.000,00
15.000,00

CONTROLLING

DR:
Date

Page: 3016n

14.000,00
780,00
415,00
365,00
40.000,00
510,00
160,00

59.940,00

8.000,00
8.000,00

10,00
44.640,00
59.940,00

44.640,00

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

Bank reconciliation statement

Date
01/31

01/31

14.8
14.8
Acc1.ppt

based on:
IFRS 2003

Details
Balance as per CB
+ unpresent check

Folio

NOTTBECK

Amount
44.640,00
510,00
45.150,00

- Bank lodgement not creditedFH OSNABRCK

-160,00
Balance as per BRS
44.990,00

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

- Controlling -

CONTROLLING

BANK RECONCILIATION STATEMENT

page: 5

Prof. Dr. Carsten Berkau

CONTROLLING

EXAMINATION TASK ...

14.9
14.9
Acc1.ppt

based on:
IFRS 2003

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

Examination task (1/2) [Acc1: 16 June 2005]

20X7
02/10 McPaper
02/11 Puretec
02/13 PrintService

Acc1.ppt

based on:
IFRS 2003

EUR
23.200,00
750,00
32.000,00
55.950,00

03/01 balance b/d

14.10
14.10

Cash book as at 28 February 20X7

20X7
EUR
02/01 balance b/d
13.568,23
02/01 Schulze-Brammelkamp
3.600,00
34.800,00
02/28 Dortmunder Westfalenhallen
02/28 balance c/d
3.981,77
02/28
55.950,00

3.981,77

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

- Controlling -

CONTROLLING

(a) You are required to prepare HPGs bank reconciliation statement as at 28

February 20X7. Furthermore you have to complete your cash book to the
same date. Explain possible reasons for differences!
HPGs cash book for February 20X7:

page: 6

Prof. Dr. Carsten Berkau

Examination task (2/2) [Acc1: 16 June 2005]

HPG's Bank statement as at 28 February 20X7 [EUR]

Withdrawals
Deposits
Balance

20X7
02/01
02/01
02/10
02/11
02/13
02/25
02/28

CONTROLLING

HPGs bank statement for February 20X7 is

balance b/d
deposit
Check 00901
23.200,00
Check 00902
750,00
Check 00903
32.000,00
Direct credit Dr. Schlau
Bank charges
172,14

3.600,00

6.500,00

13.568,23
17.168,23
-6.031,77
-6.781,77
-38.781,77
-32.281,77
-32.453,91

O/D
O/D
O/D
O/D
O/D

(b) What amount is to be shown in the balance sheet (cash and cash
equivalents item) as at 28 February 20X7.

14.11
14.11
Acc1.ppt

based on:
IFRS 2003

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

Examination task (1/3) [Acc1: 13th Jan 2005]

Cash book for June 2005:

Balance b/d
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Balance b/d

14.12
14.12
Acc1.ppt

based on:
IFRS 2003

34.920,00
5.380,00
12.940,00
2.300,00
40.200,00
11.150,00
10.310,00
117.200,00
15.440,00

Cheque No 2004
Cheque No 2005
Cheque No 2006
Cheque No 2007
Cheque No 2008
Cheque No 2009
Balance c/d

1.720,00
33.660,00
15.180,00
32.500,00
18.590,00
110,00
15.440,00
117.200,00

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

- Controlling -

CONTROLLING

You are required to prepare your bank reconciliation statement as at 30 June

2005 and your settlementary cash book as of the same date.

page: 7

Prof. Dr. Carsten Berkau

Examination task (2/3) [Acc1: 13th Jan 2005]

Bank statement for June 2005

14.13
14.13
Acc1.ppt

based on:
IFRS 2003

Cheque 1991
Deposit
Cheque 2004 (note 4)
Deposit
Cheque 1934
Deposit
cheque 220 (see 1 below)
Deposit
Cheque 2005
Cheque 2006
Deposit (note 3)
Cheque 2007
Deposit
Cheque 2008
Direct deposit (note 2)
Interest of credit balance
Interest of overdraft
RD Cheque
Direct deposit (note 2)
Bank charges

Credit

12.920,00
15.830,00
1.270,00
5.380,00
102,00
12.940,00
27.200,00
2.300,00
33.660,00
15.180,00
40.200,00
32.500,00
11.150,00
18.590,00
5.000,00
140,00
75,00
5.000,00
30.000,00
555,00
Source:

CONTROLLING

Debit

Balance
42.112,00
29.192,00
45.022,00
43.752,00
49.132,00
49.030,00
61.970,00
34.770,00
37.070,00
3.410,00
-11.770,00
28.430,00
-4.070,00
7.080,00
-11.510,00
-6.510,00
-6.370,00
-6.445,00
-11.445,00
18.555,00
18.000,00

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

Examination task (3/3) [Acc1: 13th Jan 2005]

CONTROLLING

Further information supplied:

(1) Check No 220 for 27.200 EUR was debited to your account by bank error
(2) The deposit of 5.000 EUR is an amount paid in by a client directly and so is the
30.000 EUR.
(3) The RD Check was initially included in the deposit of 40.200 EUR. RD check is
a dishonored check
(4) Check No 2004 was incorrectly entered into the cash book as 1.720 EUR
instead of 1.270 EUR.
Which bank balance appears in the balance sheet?

14.14
14.14
Acc1.ppt

based on:
IFRS 2003

Source:

This slide can be accessed

at my website: www.Prof-Berkau.de;
use: FHOSStudent (Remarque)

University of Applied Sciences

Prof Dr Carsten Berkau, 2005

- Controlling -