普华永道—财务运营最佳实践—FIN-CM

➢ Regular reconciliation of all cash books. Maintain petty cash imprest systems
➢ Obtain access to on line bank statements
➢ Cash surpluses managed by Treasury
➢ Petty cash/foreign currency floats periodically audited
➢ Forecast cash on a regular basis: rolling 12 month forecast - annual 5 year ahead reviews
➢ Company loan accounts reconciled monthly
Perform bank reconciliations
Report and manage cash
balances
3
Forecast cash requirements
➢ Segregate cash management from accounts receivable and accounts payable functions
➢ Integrated with Accounts functions
Processes
➢ Record/manage receipts and payments
➢ Manage cash position ➢ Perform
reconciliations ➢ Perform period end
➢ Integrated bank account with subledgers
➢ Automatic bank reconciliations
➢ On-line/real time ➢ Cash forecasting
Controls
➢ Policies & Procedures
➢ Bank liaison ➢ Authorisation limits ➢ Internal controls
➢ Treasury determine short term cash requirements from cash forecast and daily report
➢ Monitor bank facilities to minimise interest payments and maximise receipts
Best Practice Financial Processes: Cash Management
Cash Mgmt update
Cash Management - Best Practice Objectives
Organisation
2
People
➢ Centralised cash office & pooling
Process Features
➢ Map cash collection and payment cycles, identify actions to minimise these periods
➢ Cash balances reported on a daily basis by account and business centres
➢ Monitor the cost of cash transmission mechanisms
PwC175g
Cash Management - Best Practice Features
Establish and maintain cash control mechanisms
Perform bank reconciliations
Measures
➢ Speed of reporting ➢ Accuracy of
forecasting ➢ Return on Capital
PwC175g
Cash Management - Best Practice Features
Establish and maintain cash control mechanisms
closing & reporting
Cash Management Objectives
➢ Manage short term liquidity and long term funding requirements
➢ Minimise company’s cost of capital ➢ Efficiently manage the processing of cash
➢ Transmit mechanisms evaluated ➢ Clear unmatched cash within 1
on cost and risk basis
day
➢ Create netting arrangement with internal business partners
➢ Obtain pan-European banking facilities that allow netting off of account balances
transactions ➢ Effectively forecast cash requirements ➢ Manage petty cash efficiently
➢ Cash management skills ➢ Liaison with financial
institutions
Information Systems
➢ Treasury consolidate and manage cash forecast requirements
来自百度文库
➢ Localise cash collection
➢ Minimise level of petty cash requirements
➢ Minimum number of banking relationships maintained to ensure coverage and purchasing power