The Daily Balancing of the Trade Finance Department Accounts and Management Reports Generation
Course Description
Unless the bank is capable of balancing the accounts of its trade finance department on every business day, it will not be able to produce accurate balance sheet at the end of year (the annual accounting period - normally 31DEC of each year). This is an extremely alarming threat that may cause heavy detriments to the bank's profitability and seriously damage its reputation. The process of daily balancing is totally dependent on understanding the accounting entries that must be posted and validated in the immediate aftermath of the various stages of each transaction.
