Financial Assets会计.pptVIP

How Much Cash Should a Business Have? How Much Cash Should a Business Have? How Much Cash Should a Business Have? The Valuation of Financial Assets Cash Reporting Cash in the Balance Sheet Reporting Cash in the Balance Sheet Reporting Cash in the Balance Sheet The Statement of Cash Flows Cash Management Accurately account for cash. Prevent theft and fraud. Assure the availability of adequate amounts of cash. Avoid unnecessarily large amounts of idle cash. Using Excess Cash Balances Efficiently Internal Control Over Cash Segregate authorization, custody and recording of cash. Prepare a cash budget. Prepare a control listing of cash receipts. Require daily deposits. Make all payments by check. Verify every expenditure before payment. Promptly reconcile bank statements. Cash Over and Short Bank Statements Reconciling the Bank Statement Reconciling the Bank Statement Reconciling the Bank Statement Reconciling the Bank Statement Example Prepare a July 31 bank reconciliation statement and the resulting journal entries for the Simmons Company. The July 31 bank statement indicated a cash balance of $9,610, while the cash ledger account on that date shows a balance of $7,430. Additional information necessary for the reconciliation is shown on the next page. Outstanding checks totaled $2,417. A $500 check mailed to the bank for deposit had not reached the bank at the statement date. The bank returned a customer抯 NSF check for $225 received as payment of an account receivable. The bank statement showed $30 interest earned on the bank balance for the month of July. Check 781 for supplies cleared the bank for $268 but was erroneously recorded in our books as $240. A $486 deposit by Acme Company was erroneously credited to our account by the bank. Reconciling the Bank Statement Example Reconciling the Bank Statement Example Petty Cash Funds Short-Term Investments Mark-to-Market: A New Principle of Asset Valuation Uncollectible Accounts If a company makes credit sales to c