文档介绍：Internal Control and Cash
key terms
demand deposit 活期存款
cash on hand 库存现金
cash in bank 银行存款
checking accounts 支票账户、活期存款账户
savings account 储蓄账户
imprest system 定额备用金制度
negotiable instruments 可转让票据
cashier 出纳
money order 汇票、汇款单
draft 汇票
bank overdraft 银行透支
certificate of deposit(CD) 存款单、大额定期存单
Compensating balance 最低应存存款额,补偿性余额
Lines of credit 信用限额
Check 支票
Cash
Cash is the most liquid of all assets, which includes negotiable(可转让,可流通) money orders and checks, and balances on deposit with banks as well as currency and coins.
Cash Equivalents P193 or 111
Cash equivalents are short-term, highly liquid investments that are readily convertible into known amounts of cash and near their maturity.
Internal control (P170-174 or 88-92)
Competent, reliable and ethical personnel
Assignment of responsibility
Proper authorization
Separation of duties
Internal and external audits
Documents and records (invoice, purchase order, journal and ledger etc.)
Electronic puter controls
Other controls
Separation of duties
Separation of operations from accounting
Separation of the custody of assets from accounting
Separation of the authorization of transactions from the custody of related assets
Separation of duties within the accounting function
The limitation of internal control P175, 93
Colluding 串通舞弊
expensive
The objectives of cash management
Provide accurate accounting for cash receipt, cash disbursement(支出,支付), and cash balances
Prevent or minimize losses from theft or fraud
Maintain adequate—but not excessive—cash balances