Controls,andCashBusiness(公司金融會(huì)計(jì))

1、Learning ObjectivesPower Notes1.Basic Accounting Systems2.Internal Control3.Controls Over Cash4.Internal Control of Cash Receipts5.Internal Control of Cash Payments6.Bank Accounts: A Cash Control7.Bank Reconciliation 8.Petty Cash9.Balance Sheet Cash Presentation10.Financial Analysis and Interpretati

2、onChapter F6 Accounting Systems, Internal Controls, and Cash C6 Internal Control Framework Cash Receipts and Controls Cash Payments and Controls Bank Reconciliation Petty Cash Accounting Ratio of Cash to Current LiabilitiesSlide #Power Note Topics3917232728 Note: To select a topic, type the slide #

3、and press Enter.Power NotesChapter F6 Accounting Systems, Internal Controls, and Cash 1.Control Environment Control EnvironmentInternal Control Framework1.Control Environment2.Risk Assessment Risk AssessmentControl EnvironmentInternal Control Framework1.Control Environment2.Risk Assessment3.Control

4、Procedures Control ProceduresRisk AssessmentControl EnvironmentInternal Control Framework1.Control Environment2.Risk Assessment3.Control Procedures4.MonitoringMonitoringControl ProceduresRisk AssessmentControl EnvironmentInternal Control FrameworkInternal Control Framework1.Control Environment2.Risk

5、 Assessment3.Control Procedures4.Monitoring5.Information and CommunicationCommunicationMonitoringControl ProceduresRisk AssessmentControl EnvironmentInternal Control ProceduresCompetent PersonnelRotating DutiesMandatory VacationsSeparating Responsibilities for Related OperationsSeparating Accounting

6、 and Asset CustodyProofs and Security MeasuresCash Accounts and Internal ControlsMany companies need several cash accounts to account for different cash categories and funds.Most companies have multiple bank accounts. The title for each bank account should be:Cash in Bank (Name of Bank)Preventive co

7、ntrols protect cash from theft and misuse.Detective controls are designed to detect theft or misuse of cash and are also preventive in nature.1.Over the counter from cash customers. Use of a cash register is an important control.2.Received in the mail from credit customers.Cash is in the form of che

8、cks.All cash is sent to the Cashiers Department.An employee prepares a bank deposit ticket and makes a bank deposit.The bank deposit record is sent to the Accounting Department where it is recorded.Internal Control of Cash ReceiptsCash is normally received from two sources: DateDescriptionDebitCredi

9、tCash Short and OverCash 3,142.00Cash Short and Over8.00Sales3,150.00May 08To record days cash sales. Actual cash received is less than cash register receipts. DateDescriptionDebitCreditCash Short and OverCash 3,142.00Cash Short and Over8.00Sales3,150.00May 08To record days cash sales. Actual cash r

10、eceived is less than cash register receipts.A debit in the Cash Short and Over account represents an expense.Cash Receipts From Credit CustomersAccts. ReceivableSalesCashPURCHASEORDERSALESORDER11A purchase order is received and a sales order is prepared.Cash Receipts From Credit CustomersAccts. Rece

11、ivableSalesCashPURCHASEORDERSALESORDERSHIPPINGREPORT121A purchase order is received and a sales order is prepared.2Merchandise is shipped and a shipping report is prepared.Cash Receipts From Credit CustomersSALESINVOICEAccts. ReceivableSalesCashCreditDebitPURCHASEORDERSALESORDERSHIPPINGREPORT1231A p

12、urchase order is received and a sales order is prepared.2Merchandise is shipped and a shipping report is prepared.3A sales invoice is prepared and sent to customer.DEPOSITRECORDCash Receipts From Credit CustomersSALESINVOICEAccts. ReceivableSalesCashCreditDebitCreditDebitPURCHASEORDERSALESORDERSHIPP

13、INGREPORT12341A purchase order is received and a sales order is prepared.2Merchandise is shipped and a shipping report is prepared.3A sales invoice is prepared and sent to customer.4Cash is received from customer, deposited, and recorded.1.Cash controls must provide assurance that payments are made

14、for only authorized transactions.2.Cash controls should ensure that cash is used efficiently.3. A voucher system provides assurance that what is being paid for was properly ordered, received, and billed by the supplier.Internal Control of Cash PaymentsCash Payments to SuppliersAccts. PayableCashMerc

15、handisePURCHASEORDER11A purchase order is sent to a supplier.Cash Payments to SuppliersAccts. PayableCashMerchandisePURCHASEORDERRECEIVINGREPORT121A purchase order is sent to a supplier.2Merchandise is received and a receiving report is prepared.VOUCHERCash Payments to SuppliersAccts. PayableCashMer

16、chandiseCreditDebitPURCHASEORDERPURCHASEINVOICERECEIVINGREPORT1231A purchase order is sent to a supplier.2Merchandise is received and a receiving report is prepared.3A purchase invoice is received and a voucher is prepared.VOUCHERCash Payments to SuppliersCHECKAccts. PayableCash MerchandiseCreditDeb

17、itCreditDebitPURCHASEORDERPURCHASEINVOICERECEIVINGREPORT12341A purchase order is sent to a supplier.2Merchandise is received and a receiving report is prepared.3A purchase invoice is received and a voucher is prepared.4Cash is paid to the supplier and recorded.Cash Receipts and PaymentsCHECKAccts. P

18、ayableCashCreditDebit21Cash received on account from customers.DEPOSITRECORDAccts. ReceivableCreditDebit1Selling Side of BusinessBuying Side of Business2Cash paid on account to suppliers.Power NetworkingBank ReconciliationJuly 31, 2003Balance per bank statement$3,359.78Add deposit of July 31, not re

19、corded by bank816.20$4,175.98Deduct outstanding checks:No. 812$1,061.00No. 878435.39No. 88348.601,544.99Adjusted balance$2,630.99Balance per depositors records$2,549.99Add note and interest collected by bank408.00$2,957.99Deduct: Customer NSF check$300.00Bank service charges18.00Error in recording C

20、heck No. 8799.00 327.00Adjusted balance$2,630.99Power NetworkingBank ReconciliationJuly 31, 2003Balance per bank statement$3,359.78Add deposit in transit816.20$4,175.98Deduct outstanding checks:No. 812$1,061.00No. 878435.39No. 88348.601,544.99Adjusted balance$2,630.99Balance per depositors records$2

21、,549.99Add note and interest collected by bank408.00$2,957.99Deduct: Customer NSF check$ 300.00Bank service charges18.00Error in recording Ck. No. 8799.00327.00Adjusted balance$2,630.99AB DateDescriptionDebitCreditBank Reconciliation Journal EntriesABCash 408Notes Receivable400Interest Revenue8Accou

22、nts Receivable - T. Ivey 300Miscellaneous Expense18Accounts Payable - Taylor Co.9Cash 327Jul. 31To record note collected by bank.To record customers NSF check, bank service charges, and error in recording Check No. 879.Jul. 31DateDescriptionP.R.DebitCredit BalanceDateItemP.R.DebitCredit DebitCreditA

23、ccount: Cash Account No. 11General JournalGeneral LedgerPage 1AB7/31Balance2,549.99Bank Reconciliation - Journal and Ledger7/31Cash 11408.00Notes Receivable400.00Interest Revenue8.007/31Accts. Receivable - T. Ivey 300.00Miscellaneous Expense18.00Accts. Payable - Taylor Co.9.00Cash 11 327.007/31Balan

24、ce2,549.997/31J1408.00 2,957.997/31J1327.002,630.99 DateDescriptionDebitCreditPetty Cash AccountingPetty Cash100.00Cash 100.00Office Supplies 50.00Store Supplies35.00Misc. Admin. Expense3.00Cash 88.00 Note: No entry in Petty Cash account when the fund is replenished.Aug. 1To establish a petty cash fund.To replenish the petty cash fund.Aug. 31Solvency AnalysisSolvency is the ability of a business to meet its financial obligations (debts) as they are due.Solvency analysis focuses on the ability of a business to pay or otherwise sati