Controls,andCashBusiness(公司金融会计)

C6-1LearningObjectivesPowerNotes1.BasicAccountingSystems2.InternalControl3.ControlsOverCash4.InternalControlofCashReceipts5.InternalControlofCashPayments6.BankAccounts:ACashControl7.BankReconciliation8.PettyCash9.BalanceSheetCashPresentation10.FinancialAnalysisandInterpretationChapterF6AccountingSystems,InternalControls,andCashC6C6-2•InternalControlFramework•CashReceiptsandControls•CashPaymentsandControls•BankReconciliation•PettyCashAccounting•RatioofCashtoCurrentLiabilitiesSlide#PowerNoteTopics3917232728Note:Toselectatopic,typetheslide#andpressEnter.PowerNotesChapterF6AccountingSystems,InternalControls,andCashC6-31.ControlEnvironmentControlEnvironmentInternalControlFrameworkC6-41.ControlEnvironment2.RiskAssessmentRiskAssessmentControlEnvironmentInternalControlFrameworkC6-51.ControlEnvironment2.RiskAssessment3.ControlProceduresControlProceduresRiskAssessmentControlEnvironmentInternalControlFrameworkC6-61.ControlEnvironment2.RiskAssessment3.ControlProcedures4.MonitoringMonitoringControlProceduresRiskAssessmentControlEnvironmentInternalControlFrameworkC6-7InternalControlFramework1.ControlEnvironment2.RiskAssessment3.ControlProcedures4.Monitoring5.InformationandCommunicationCommunicationMonitoringControlProceduresRiskAssessmentControlEnvironmentC6-8InternalControlProcedures•CompetentPersonnel•RotatingDuties•MandatoryVacations•SeparatingResponsibilitiesforRelatedOperations•SeparatingAccountingandAssetCustody•ProofsandSecurityMeasuresC6-9CashAccountsandInternalControlsManycompaniesneedseveralcashaccountstoaccountfordifferentcashcategoriesandfunds.Mostcompanieshavemultiplebankaccounts.Thetitleforeachbankaccountshouldbe:CashinBank–(NameofBank)Preventivecontrolsprotectcashfromtheftandmisuse.Detectivecontrolsaredesignedtodetecttheftormisuseofcashandarealsopreventiveinnature.C6-101.Overthecounterfromcashcustomers.Useofacashregisterisanimportantcontrol.2.Receivedinthemailfromcreditcustomers.Cashisintheformofchecks.AllcashissenttotheCashier’sDepartment.Anemployeepreparesabankdepositticketandmakesabankdeposit.ThebankdepositrecordissenttotheAccountingDepartmentwhereitisrecorded.InternalControlofCashReceiptsCashisnormallyreceivedfromtwosources:C6-11DateDescriptionDebitCreditCashShortandOverCash3,142.00CashShortandOver8.00Sales3,150.00May08Torecordday’scashsales.Actualcashreceivedislessthancashregisterreceipts.C6-12DateDescriptionDebitCreditCashShortandOverCash3,142.00CashShortandOver8.00Sales3,150.00May08Torecordday’scashsales.Actualcashreceivedislessthancashregisterreceipts.AdebitintheCashShortandOveraccountrepresentsanexpense.C6-13CashReceiptsFromCreditCustomersAccts.ReceivableSalesCashPURCHASEORDERSALESORDER11Apurchaseorderisreceivedandasalesorderisprepared.C6-14CashReceiptsFromCreditCustomersAccts.ReceivableSalesCashPURCHASEORDERSALESORDERSHIPPINGREPORT121Apurchaseorderisreceivedandasalesorderisprepared.2Merchandiseisshippedandashippingreportisprepared.C6-15CashReceiptsFromCreditCustomersSALESINVOICEAccts.ReceivableSalesCashCreditDebitPURCHASEORDERSALESORDERSHIPPINGREPORT1231Apurchaseorderisreceivedandasalesorderisprepared.2Merchandiseisshippedandashippingreportisprepared.3Asalesinvoiceispreparedandsenttocustomer.C6-16DEPOSITRECORDCashReceiptsFromCreditCustomersSALESINVOICEAccts.ReceivableSalesCashCreditDebitCreditDebitPURCHASEORDERSALESORDERSHIPPINGREPORT12341Apurchaseorderisreceivedandasalesorderisprepared.2Merchandiseisshippedandashippingreportisprepared.3Asalesinvoiceispreparedandsenttocustomer.4Cashisreceivedfromcustomer,deposited,andrecorded.C6-171.Cashcontrolsmustprovideassurancethatpaymentsaremadeforonlyauthorizedtransactions.2.Cashcontrolsshouldensurethatcashisusedefficiently.3.Avouchersystemprovidesassurancethatwhatisbeingpaidforwasproperlyordered,received,andbilledbythesupplier.InternalControlofCashPaymentsC6-18CashPaymentstoSuppliersAccts.PayableCashMerchandisePURCHASEORDER11Apurchaseorderissenttoasupplier.C6-19CashPaymentstoSuppliersAccts.PayableCashMerchandisePURCHASEORDERRECEIVINGREPORT121Apurchaseorderissenttoasupplier.2Merchandiseisreceivedandareceivingreportisprepared.C6-20VOUCHERCashPaymentstoSuppliersAccts.PayableCashMerchandiseCreditDebitPURCHASEORDERPURCHASEINVOICERECEIVINGREPORT1231Apurchaseorderissenttoasupplier.2Merchandiseisreceivedandareceivingreportisprepared.3Apurchaseinvoiceisreceivedandavoucherisprepared.C6-21VOUCHERCashPaymentstoSuppliersCHECKAccts.PayableCashMerchandiseCreditDebitCreditDebitPURCHASEORDERPURCHASEINVOICERECEIVINGREPORT12341Apurchaseorderissenttoasupplier.2Merchandiseisreceivedandareceivingreportisprepared.3Apurchaseinvoiceisreceivedandavoucherisprepared.4Cashispaidtothesupplierandrecorded.C6-22CashReceiptsandPaymentsCHECKAccts.PayableCashCreditDebit21Cashreceivedonaccountfromcustomers.DEPOSITRECORDAccts.ReceivableCreditDebit1SellingSideofBusinessBuyingSideofBusiness2Cashpaidonaccounttosuppliers.C6-23PowerNetworkingBankReconciliationJuly31,2003Balanceperbankstatement$3,359.78AdddepositofJuly31,notrecordedbybank816.20$4,175.98Deductoutstandingchecks:No.812$1,061.00No.