chapter6 internal control and accounting for cash概要1.ppt

* * * * * * * * * * * * * * 6-* Bank Reconciliation 6-* Bank Reconciliation 6-* Bank Reconciliation 6-* Adjusting the Books Every reconciling item that appears on the unadjusted book balance section requires a journal entry to adjust the general ledger cash balance to the true cash balance. 6-* Cash Short and Over When using a cash register, employees sometimes make mistakes in collecting cash or making change for customers. If the cash register does not reconcile by a small amount at the end of the day, we use an account called Cash Short and Over to force a balance. Assume a cashregister was to havea balance of $487.50,but contained only$486.50 at the end ofthe day. Term: cash short and over现金余缺Def: Any shortage of cash or excess of cash is recorded in a special account called cash short an over.?p. 331 * * 6-* LO 4 Explain the use of a petty cash fund. LO 4 6-* Using Petty Cash Funds A petty cash fund is used to make small expenditures that cannot wait for the formal check- writing process. The fund is operated on an imprest basis. This means that when the fund gets low on cash it is replenished. The petty cash custodian is always responsible for the cash in the fund. This is an excellent internal control. Term: petty cash funds零用现金基金；备用金Def: Companies frequently establish a petty cash fund to maintain effective control over these small cash disbursements.?p. 332 * * 6-* LO 4 Describe the auditor’s role in financial reporting. LO 5 6-* The Financial Analyst How can a financial analyst know that a company really did follow GAAP? Certified Public Accountants 6-* Types of Audit Opinions Unqualified Adverse Qualified Disclaimer * * * * * * * * * * * * * * * * * * * * Chapter Six Internal Control and Accounting for Cash McGraw-Hill Education Copyright ? 2016 by McGraw-Hill Education. All rights reserved. 6-* LO 1 Identify the key elements of a strong system of internal control. LO 1 Internal Controls 1-* Term: internal controls内部控制Def: The policies and