Bank Reconciliations & Cash Internal Controls
Mastering Internal Controls and Cash Management: Safeguarding Business Assets and Ensuring Financial Accuracy
4.65 (1030 reviews)
50,140
students
9.5 hours
content
Jul 2022
last update
$99.99
regular price
What you will learn
Analyze the significance of internal controls in accounting: components, segregation of duties, authorization procedures, and physical safeguards.
Evaluate the effectiveness of cash receipts internal controls by examining procedures for recording, documenting, and safeguarding cash inflows.
Assess cash disbursements internal controls in mitigating risks, including purchase order systems, approval processes, and vendor payment verification
Perform a comprehensive bank reconciliation to identify and resolve discrepancies between the bank statement and cash records.
Develop and implement procedures for efficient petty cash management, including reimbursement, documentation, and periodic reconciliation.
Explain the impact of the accounting cycle on cash management, including the interrelationships between cash transactions and other accounting processes.
Define key terms related to internal controls and cash management, such as internal audit, segregation of duties, cash equivalents, and float.
Interpret financial statements to assess the accuracy of cash balances and the effectiveness of internal controls over cash.
Demonstrate proficiency in utilizing software tools and technologies to enhance cash management and internal control processes.
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1635660
udemy ID
4/7/2018
course created date
4/1/2020
course indexed date
Lee Jia Cheng
course submited by