中级财务会计英文ch04
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receivable. 5. Explain accounting issues related to valuation of accounts receivable. 6. Explain accounting issues related to recognition of notes receivable. 7. Explain accounting issues related to valuation of notes receivable. 8. Explain accounting issues related to disposition of accounts and
Chapter 4-8
Internal Control for Cash
Separate custody of and accounting for cash. Maintain only the minimum cash balance
needed. Provide for periodic test counts of cash
Chapter 4-7
Internal Control Policies and procedures designed to:
Protect assets. Ensure compliance with laws and company policies. Provide accurate accounting records. Evaluate performance.
• Treasury bills • Commercial paper • Money market funds
Chapter 4-5
Cash Items that are not cash
Postdated checks Travel advances to employees Postage stamps Receivables from company employees Cash advances to employees or outside parties
Chapter 4-4
Cash Equivalents
Cash equivalents are short-term, highly liquid investments that are readily convertible into known amounts of cash and near their maturity (90 days) when purchased.
Cash and Receivables
Chapter
4
Intermediate Accounting 12th Edition
Kieso, Weygandt, and Warfield
Chapter 4-1
Prepared by Coby Harmon, University of California, Santa Barbara
Chapter 4-6
Cash
Overdraft
Negative bank account balance reported as a current liability.
Compensating balance
Minimum balance that must be maintained in a company’s account as support for funds borrowed from the bank.
balances. Permit reconciliation of ledger and bank cash
account balances. Result in the physical control of cash.
Chapter 4-9
Control of Cash Receipts
Close supervision of cash-handling and cashrecording activities.
Chapter 4-10
Control of Cash Disbursements
notes receivable. 9. Describe how to report and analyze receivables.
Chapter 4-2
Cash
Cash is the resource on hand to meet planned
expenditures and emergency situations.
Learning Objectives
1. Identify items considered as cash. 2. Indicate how to report cash and related items. 3. Define receivables and identify the different types of receivables. 4. Explain accounting issues related to recognition of accounts
Chapter 4-3CashCash inc Nhomakorabeaudes:
Balances on deposit with financial institutions Coins and currency Petty cash Certain negotiable instruments
Cashier’s checks Certified checks Money orders
Separate responsibility for handling cash, recording cash transactions, and reconciling cash balances.
Cash-handling and cash-recording activities assigned to different people.
Chapter 4-8
Internal Control for Cash
Separate custody of and accounting for cash. Maintain only the minimum cash balance
needed. Provide for periodic test counts of cash
Chapter 4-7
Internal Control Policies and procedures designed to:
Protect assets. Ensure compliance with laws and company policies. Provide accurate accounting records. Evaluate performance.
• Treasury bills • Commercial paper • Money market funds
Chapter 4-5
Cash Items that are not cash
Postdated checks Travel advances to employees Postage stamps Receivables from company employees Cash advances to employees or outside parties
Chapter 4-4
Cash Equivalents
Cash equivalents are short-term, highly liquid investments that are readily convertible into known amounts of cash and near their maturity (90 days) when purchased.
Cash and Receivables
Chapter
4
Intermediate Accounting 12th Edition
Kieso, Weygandt, and Warfield
Chapter 4-1
Prepared by Coby Harmon, University of California, Santa Barbara
Chapter 4-6
Cash
Overdraft
Negative bank account balance reported as a current liability.
Compensating balance
Minimum balance that must be maintained in a company’s account as support for funds borrowed from the bank.
balances. Permit reconciliation of ledger and bank cash
account balances. Result in the physical control of cash.
Chapter 4-9
Control of Cash Receipts
Close supervision of cash-handling and cashrecording activities.
Chapter 4-10
Control of Cash Disbursements
notes receivable. 9. Describe how to report and analyze receivables.
Chapter 4-2
Cash
Cash is the resource on hand to meet planned
expenditures and emergency situations.
Learning Objectives
1. Identify items considered as cash. 2. Indicate how to report cash and related items. 3. Define receivables and identify the different types of receivables. 4. Explain accounting issues related to recognition of accounts
Chapter 4-3CashCash inc Nhomakorabeaudes:
Balances on deposit with financial institutions Coins and currency Petty cash Certain negotiable instruments
Cashier’s checks Certified checks Money orders
Separate responsibility for handling cash, recording cash transactions, and reconciling cash balances.
Cash-handling and cash-recording activities assigned to different people.