普华永道--财务管理最佳实践之现金管理.pptVIP

* PwC175g Cash Mgmt update Best Practice Financial Processes: Cash Management Cash Management - Best Practice Objectives Cash Management Objectives Organisation People Processes Controls Measures Information Systems Manage short term liquidity and long term funding requirements Minimise company’s cost of capital Efficiently manage the processing of cash transactions Effectively forecast cash requirements Manage petty cash efficiently Centralised cash office pooling Integrated with Accounts functions Record/manage receipts and payments Manage cash position Perform reconciliations Perform period end closing reporting Policies Procedures Bank liaison Authorisation limits Internal controls Speed of reporting Accuracy of forecasting Return on Capital Integrated bank account with sub-ledgers Automatic bank reconciliations On-line/real time Cash forecasting Cash management skills Liaison with financial institutions Process Features Segregate cash management from accounts receivable and accounts payable functions Localise cash collection Minimise level of petty cash requirements Transmit mechanisms evaluated on cost and risk basis Create netting arrangement with internal business partners Obtain pan-European banking facilities that allow netting off of account balances Map cash collection and payment cycles, identify actions to minimise these periods Minimum number of banking relationships maintained to ensure coverage and purchasing power Clear unmatched cash within 1 day Regular reconciliation of all cash books. Maintain petty cash imprest systems Obtain access to on line bank statements Monitor the cost of cash transmission mechanisms Cash balances reported on a daily basis by account and business centres Treasury determine short term cash requirements from cash forecast and daily report Cash surpluses managed by Treasury Petty cash/foreign currency floats periodically audited Company loan accounts reconciled monthly Treasury consolidate and manage