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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 |