会计英语课件

5.1.1 An
Internal control over cash
adequate system of internal control over cash would include the following features:
(1)Cash
is handled separately from the recordinBiblioteka Baidu of cash transactions.
Petty
cash Principal Proceeds Promissory note Realizable value Receivable Sell on credit
备用金 本金 现值 本票 可实现价值，可变现价值 应收款项 赊销
Temporary Turn
investments
over Write-off On credit
短期投资 报销 转销；冲销 赊账
Current
assets are expected to be converted to cash or sold or used up within one year or less, through the normal operations of the business. The current assets normally include: cash, temporary investments, receivables, inventories and so on.
(3)All
cash receipts are deposited intact in the bank each day.
all payment by check. The only exception should be for small payment to be made in cash from a petty cash fund.
Chapter 5 Current Assets – Cash, Temporary Investments, Receivables 流动资产（上）--现金、短期投资、应收账款
Learning Objectives:
Have
a general idea of an effective system of internal control over cash;
plus interest of $ 8 collected by bank (credit memorandum) , not recorded in the accounting records $ 408. 00
Check

from customer (Thomas) returned by bank because of insufficient funds (NSF) ; $ 300. 00
Bank
service charges (debit memorandum) , not recorded in the accounting records $ 18. 00
Check
The
No. 879 for $ 732. 26 to Taylor Co. , recorded as $ 723. 26 $ 9. 00
Direct
write-off method 直接转销法 Discount 贴现 Dishonored note receivable 无法兑现的应收票据 Doubtful account expense 坏账费用 Face value 面值 IAS (International Accounting Standard) 国际会计准则 IOU (I own you) 欠条 LCM (Lower of Cash or Market rule) 成本与市价孰低原则
(1)Outstanding
(2)Deposits
In
addition, certain transaction appearing in the bank statement may not have been recorded by the depositor. For example: service charges; charges for depositing NSF checks. 【 Notsufficient-funds (NSF) checks】 for interest earned by the bank charges and credits.
(2)Prepare
for each department within the organization a cash budget of planned cash receipts, cash payments, and cash balance, scheduled month-by-month for the coming year.
Learn
how to prepare a bank reconciliation;
Master Learn
the accounting treatment of accounts receivables and notes receivables;
the accounting terms in this chapter.
bank reconciliation based on the bank statement and the reconciling items is shown as follows:
second section begins with the cash balance according to the depositor’s records and ends with the adjusted balance. two amount designated balance must be equal. as the adjusted
reconcile bank statements with the accounting records.
(6)Promptly
5.1.2
Bank Reconciliation
A
bank reconciliation is a listing of the items and amounts that cause the cash balance reported in the bank statement to differ from the balance of the cash account in the ledger.
The
The
To
illustrate a bank reconciliation, we use the bank statement for ABC Co.
This
bank statement for ABC Co. shows a balance of $ 3 359. 78 as of July 31. The cash balance in ABC Co. 's ledger as of the same date is $ 2 549. 99. The reconciling items are revealed as follows:
Marketable
security 有价证券 Merchandise 商品；存货 Miscellaneous expense（income） 杂项费用（收入） Money order 汇款单 NSF (no sufficient funds) 存款不足 Notes receivable discounted 应收票据贴现 Outstanding check 未兑现支票 Payee 收款人
(4)Make
(5)Require
that the validity and amount of every expenditure be verified before a check is issued in payment. Separate the function of approving expenditures from the function of signing checks.
5.1
Cash
Cash
includes coins, currency (paper money), checks, money orders, and money on deposit that is available for unrestricted withdrawal from banks and other financial institutions.
Cash
is listed first in the balance sheet, because it is the most liquid of all current assets. Various ledger accounts are used to record cash transactions; some common examples are cash on hand, petty cash, and cash in bank.
Bank
credit memorandum Bank reconciliation Bank statement Cash over and short Cashier Check Collect Deposit in transit
银行贷项通知 银行存款调节表 银行对账单 现金溢缺 出纳员 支票 收款 在途存款
Certain
transactions recorded by the depositor may not have been records by the bank. The most common examples are: checks: checks issued and recorded by the company but not yet presented to the bank for payment. in transit: cash receipts recorded by the depositor but which reached the bank too late to be included in the bank statement for the current month.
KEY WORDS, PHRASES AND SPECIAL TERMS Aging schedule 账龄分析表 Allowance for doubtful accounts 坏账准备 Allowance method 备抵法 Allowance 备抵，减值准备 Bad debt recovery 已确认坏账的收回 Bad debt expense 坏账费用 Bank charges 银行手续费
(1) (2)
(3)Credits
depositor.
(4)Miscellaneous
A
bank reconciliation is usually divided into two sections.
The
first section begins with the cash balance according to the bank statement and ends with the adjusted balance.
Deposit
of July 31 ， not recorded on bank statement $ 816. 20
Checks
Note
outstanding: No. 812, $ 1 061. 00; No. 878, $ 435. 39; No. 883, $ 48. 60 $ 1544. 99