Question: What Is The Reconciliation Action Plan?

Why is a Reconciliation Action Plan important?

Committing to a Reflect RAP allows your organisation to spend time scoping and developing relationships with Aboriginal and Torres Strait Islander stakeholders, deciding on your vision for reconciliation and exploring your sphere of influence, before committing to specific actions or initiatives..

When were Reconciliation Action Plans developed?

25 July 2006What is a Reconciliation Action Plan (RAP)? On 25 July 2006 Reconciliation Australia launched their Reconciliation Action Plan (RAP) program. Its main aim is to help organisations close the life expectancy gap between Aboriginal and non-Aboriginal Australians with measurable and accountable actions.

How do you do reconciliation?

Bank reconciliation stepsGet bank records. You need a list of transactions from the bank. … Get business records. Open your ledger of income and outgoings. … Find your starting point. … Run through bank deposits. … Check the income on your books. … Run through bank withdrawals. … Check the expenses on your books. … End balance.

What is the purpose of a rap?

The rappers use their music to raise awareness of these issues so that some focus can be put into improving them. Rap music’s general purpose is to entertain its audience.

What is a stretch rap?

This type of RAP is focused on implementing longer-term strategies, and working towards defined measurable targets and goals. The Stretch RAP requires organisations to embed reconciliation initiatives into business strategies to become ‘business as usual’.

What is the formula for bank reconciliation?

A bank reconciliation can be thought of as a formula. The formula is (Cash account balance per your records) plus or minus (reconciling items) = (Bank statement balance). When you have this formula in balance, your bank reconciliation is complete.

What is true reconciliation?

True reconciliation is based on forgiveness, and forgiveness is based on true confession, and confession is based on penitence, on contrition, on sorrow for what you have done.

What can I do for reconciliation?

Personal acts of reconciliation. … Read books that reflect on the residential school experience. … Volunteer at an Indigenous non-profit. … Support emerging artists and musicians. … Watch films and documentaries. … Attend a cultural event. … Create a family project around Indigenous history.More items…•

What are the 4 steps of reconciliation?

The 4 Stages of ReconciliationRealization – An awareness that there is a grievance. An acknowledgment that there is a problem.Identification – Empathizing and understanding the aggrieved.Preparation – What are you prepared to do to reconcile? … Activation – The action(s) that are necessary for change.

What is 2 way reconciliation?

You have probably performed a two-way bank reconciliation at some point in your life when you balanced your checkbook. You compare the latest bank statement (the “bank balance”) to your check register (the “book balance”), correcting for checks or deposits that have not cleared yet.

What are the 5 steps for bank reconciliation?

Assuming that this is the case, follow these steps to complete a bank reconciliation:Access bank records. … Access software. … Update uncleared checks. … Update deposits in transit. … Enter new expenses. … Enter bank balance. … Review reconciliation. … Continue investigation.More items…•

What are the 5 dimensions of reconciliation?

Our vision of reconciliation is based and measured on five dimensions: historical acceptance; race relations; equality and equity; institutional integrity and unity. These five dimensions do not exist in isolation, but are interrelated.

Which Organisation oversees the National Reconciliation Action Plan program?

Message from Reconciliation Australia As a member of the RAP community, the NSW Department of Education joins over 1,000 dedicated corporate, government, and not-for-profit organisations that have formally committed to reconciliation through the RAP program since its inception in 2006.

How many Organisations have a rap?

767 organisations767 organisations have now created a RAP; 6,658 partnerships exist between those RAP organisations and Aboriginal and Torres Strait Islander communities; $24 million has been donated to Aboriginal and Torres Strait Islander organisations in the last 12 months.

What are the types of reconciliation?

Types of reconciliationBank reconciliation. … Vendor reconciliation. … Customer reconciliation.Intercompany reconciliation. … Business specific reconciliation. … Accurate annual accounts must be maintained by all businesses. … Maintain good relationships with suppliers. … Avoid late payments and penalties from banks.More items…

What is reconciliation with example?

A reconciliation involves matching two sets of records to see if there are any differences. … Examples of reconciliations are: Comparing a bank statement to the internal record of cash receipts and disbursements. Comparing a receivable statement to a customer’s record of invoices outstanding.

What does truth and reconciliation mean?

A truth commission, also known as a truth and reconciliation commission or truth and justice commission, is an official body tasked with discovering and revealing past wrongdoing by a government (or, depending on the circumstances, non-state actors also), in the hope of resolving conflict left over from the past.

How do you prepare a reconciliation statement?

Steps in Preparation of Bank Reconciliation StatementCheck for Uncleared Dues. … Compare Debit and Credit Sides. … Check for Missed Entries. … Correct them. … Revise the Entries. … Make BRS Accordingly. … Add Un-presented Cheques and Deduct Un-credited Cheques. … Make Final Changes.More items…