The purpose of the Banking and Payments Course is to provide participants with an understanding of the various forms of payments, how those payments move into and out of the University, the rules surrounding the various forms of payment, how the U.S. banking system works, and how those payments are reflected in the University's accounting systems.
Program Level: Basic
Advanced Preparation: N/A
Instructional Method: Group-Live
Recommended CPE Credit: 6.0 Hours
Field of Study: Economics
At the end of the course, participants will gain an understanding of:
- The types of payments used in the University environment;
- How the U.S. banking system is constituted and what parties perform which functions;
- How those payments move through the U.S. banking system;
- How incoming and outgoing payments are accounted for in the University's general ledger system;
- Best practices for reconciling payment activity with general ledger postings;
- What can go wrong with a payment transaction and how to correct it if possible;
- Whom to contact for various types of payment problems.
- Banking and Payments Presentation
The University of Colorado is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.