financial accounting第七章课件.ppt

Financial accounting Chapter 7 Cash Nature of cash and the importance of Controls Over Cash Cash coins,currency(papermoney),checks,money orders,and money on deposit that is available for unrestricted withdrawal from banks and other financial institutions. The Controls Over Cash First,because of the ease with which money can be transferred ,cash is the asset most likely to be diverted and used improperly by employees;second, many transactions either directly or indirectly affect the receipt or the payment of cash. Businesses must therefore design and use controls Control of cash receipts Controlling cash received from cash sales Controlling cash received in the mail eg：the entry records a clerk’s cash sales of $3,150 when the actual cash on hand is $3,142 Dr Cash $3142 Cash Short and Over $8 (现金盈亏账户) Cr sales $3150 Change fund，求解释 Internal control of cash payments A voucher system is a set of procedures for authorizing and recording liabilities and cash payments. vouchers(Eg:见课本P196) a file for unpaid vouchers a file for paid vouchers Bank reconciliation A bank reconciliation is a listing of the items and amounts that cause the cash balance reported in the bank statement to differ from the balance of the cash account in the ledger. A bank reconciliation is usually divided into two setions.(表 ) Cash balance according to bank statement ….................$xxxx ①Add :addtions by depositor not on bank statement…$xx bank errors…………………………………………xx xx $xxxx ②Deduct:deductions by depositor not on bank statement$xx bank errors………………………………………..xx xx Adjusted balance