Business Accounting: The Cash Question

Course Status:	Released
Course Language:	English
Course Duration:	4 Hours
Deployment Options:	Online, Interactive CDs, Network, Downloads, Intranet

Audience

Managers, prospective managers, and any other employees seeking competency in the area of accounting

Prerequisites

A basic understanding of the accounting function

Course Aim

To provide learners with an overview of how accountants deal with cash

Learning Objectives

Explain why businesses keep cash. Outline business uses for idle cash. Explain what happens in business when there is a shortage of cash. Explain how cash receipts and cash disbursements are controlled. Discuss the petty cash account and the controls used to monitor it. Prepare a bank reconciliation.

Topics Covered

Cash Management - The point of cash - Excess cash - Effects of cash shortage Controlling Cash - Control of cash receipts - Control of cash disbursements Cash in Action - Petty cash - Bank reconciliations - Hands-on: Preparing a bank reconciliation