Accounting - Control and Monitoring of Cash

Accounting - Control and Monitoring of Cash

Learn more about the control of cash transactions.

COURSE DESCRIPTION

For any business or organization, the need to control and monitor cash transactions to ensure the efficient operation of the business is vital. In DEEP BUSINESS INSTITUTE's   accounting course, procedures and structures for establishing internal control such as control of cash receipts and cash disbursements, proper use of the bank checking account, preparation of the bank reconciliation, and protection of petty cash funds are all explored in detail. Examples of recommended documentation and the postings used in the ledgers are given. An overview of the five components for internal control is described and this provides a structure for developing the necessary procedures needed to ensure the safe handling of cash within an organization. You will also see how companies can protect both their assets and employees by following steps such as segregating employee duties, assigning specific duties to each employee, rotating employee job assignments, and using mechanical devices. 

DEEP BUSINESS INSTITUTE's   accounting course will be of great interest to entrepreneurs and business professionals who would like to better understand how to control and monitor daily cash transactions within an enterprise, and to any learner who is interested in accounting as a future career.

CERTIFICATION

To qualify for your official DEEP BUSINESS INSTITUTE Diploma, Certificate you must study and complete all modules and score 80% or more in each of the course assessments.

LEARNING OUTCOMES

Having studied this accounting course you will be able to: 

v  Describe the necessity for and features of internal control;

v  Define cash and list the objectives sought by management in handling a company's cash;

v  Identify procedures for controlling cash receipts and disbursements;

v  Prepare bank reconciliation statements and make necessary journal entries based on that schedule;

v  Explain why a company uses a petty cash fund, describe its operations, and make the necessary journal entries;

v  Calculate, analyze and use the financial results-quick ratio.

COURSE FEATURES

Duration

1-1.15 Hours

Assessments

Yes

Certification

Yes

Minimum Grade/Class Level

Price

Rs. 

Module Title
Module 1: Accounting - Control and Monitoring of Cash
Module 2: Accounting - Control and Monitoring of Cash Assessment

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Course Title:	Accounting - Control and Monitoring of Cash
Course No:
Course Category:
Course Description:	For any business or organization, the need to control and monitor cash transactions to ensure the efficient operation of the business is vital. In DEEP BUSINESS INSTITUTE's   accounting course, procedures and structures for establishing internal control such as control of cash receipts and cash disbursements, proper use of the bank checking account, preparation of the bank reconciliation, and protection of petty cash funds are all explored in detail. Examples of recommended documentation and the postings used in the ledgers are given. An overview of the five components for internal control is described and this provides a structure for developing the necessary procedures needed to ensure the safe handling of cash within an organization. You will also see how companies can protect both their assets and employees by following steps such as segregating employee duties, assigning specific duties to each employee, rotating employee job assignments, and using mechanical devices.  DEEP BUSINESS INSTITUTE's   accounting course will be of great interest to entrepreneurs and business professionals who would like to better understand how to control and monitor daily cash transactions within an enterprise, and to any learner who is interested in accounting as a future career.
Release Date:	4th March 2017
Content
Course Duration:-	1-1.5 Hours
Assessments:	Yes
Education Level
Age appropriateness:	18+ Years
Minimum Grade/Class Level:
DEEP BUSINESS INSTITUTE Testing:	Yes
Certification Availability
Certification:	Yes