02 - Cash and receivables-s.ppt

Inner Mongolia Agriculture University Learning Objects Understand and grasp the internal controls of Cash and Bank Grasp how to make Bank Reconciliations Master the methods of dealing with the Doubtful Accounts Master how to record assignment of Receivables Cash contents Coin, currency Available funds on deposit at the bank(可动用的银行存款) Negotiable instruments（可流通的票据） Money orders (汇票), certified checks (承兑支票), cashier’s checks (银行本票), personal checks (个人支票), and bank drafts (银行汇票) Saving accounts（定期存款） Internal controls for cash（1/2） 内部控制制度是企业重要的内部管理制度，指处理各种业务活动时，依照分工负责的原则在有关人员之间建立的相互联系、相互制约的管理体系。 货币资金的内部控制制度是企业最重要的内部控制制度，它要求货币资金收支与记录的岗位分离、收支凭证经过有效复核或核准、收支及时入账且收支分开处理、建立严密的清查和核对制度、做到账实相符、制定严格的现金管理及检查制度等。 Internal controls for cash （2/2） Management and control of cash（日常控制） Segregate custody of cash from accounting for cash（职能分离） Account for all cash transaction Cash payment by check Petty cash（备用金制度） Provide for periodic test counts of cash（现金清查） Reconcile general ledger and bank account balances（银行存款余额调节表） Ensure that idle cash is invested to earn a return Reporting Cash （1/3）p138 Restricted Cash（指定用途的现金） Companies segregate restricted cash from “regular” cash for reporting purposes. Example: petty cash, special payroll (compensating balances), dividend bank account. Reporting Reporting as“ cash and cash equivalents ”separately if it will be disbursed within one year or the operating cycle, whichever is longer. Otherwise, the amount should be shown as a noncurrent asset. Special payroll for plant expansion, retirement of long-term debt, Reporting Cash （2/3） Bank Overdrafts（透支） It occurs when cheques are written for more than the amount in the cash account. Reporting Generally reported as a current liability. Generally should add into accounts payable. Offset against cash account only when available cash is present in another account in the same bank on which the overdraft occurred. Reporting Cash （3/3） Cash equivalents Short-term, highly liquid investments that