PPT-Course #102 Cash Control and Procedures

and Procedures MCTA Annual School Tuesday August 15 202 3 Christopher Pilla Treasurer Town of Milford Jane Lepardo Retired TreasurerCollector . for Internal Controls. Presented by:. Sharon B. Robinson, CPA, MBA. Retired!!!!!!!!. October 5, 2011. Today’s Agenda. What internal controls are . Internal Controls Framework. Types of Internal Controls. Roselli, Clark and Associates . Certified Public Accountants. 2. Introduction. Presenters:. Tony Roselli, CPA, Partner. Chad Clark, CPA, Partner. Cash handling. Frequency of fraud. Detection of occupational . Can see problems far in advance. Hard to predict. Controllable?. Fully under management control. Mgt. has no control. Causes of Cash Flow Problems. Unforeseen changes. Over-borrowing. Overtrading. Poor credit control. The . Revenue . Cycle. COPYRIGHT © 2007 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license. . Objectives for Chapter 4. Cash. Cash represents currency on hand and cash on deposit in bank accounts including certificates of deposit, time deposits, and savings accounts.. Virtually all accounting transactions pass through the cash account at some point.. 7. Learning Objectives. Discuss fraud and the principles . of internal . control.. Apply internal control . principles to . cash.. Identify the control features of . a bank . account.. 3. Explain the reporting of cash.. Chapter 5. Learning Objectives. After studying this chapter, you should be able to:. Describe the Sarbanes-Oxley Act and its impact on internal controls and financial reporting. Describe and illustrate the objectives and elements of internal control. Procedures Manual. By. John D. Daum, CPA, Partner. James W. Gilson, CPA, Partner. of. Condon O’Meara . McGinty. . & Donnelly LLP. Table of contents/Overview. 1) . Introduction. 2) . General. Sherri Manis. Alyse Lofman-Kwapien. cashoperations@uconn.edu. As of March 2017. Methods of Receipt. Payments may be received by your department in a variety of ways and in various forms. In person. Cash and coin. Procedures Manual. By. John D. Daum, CPA, Partner. James W. Gilson, CPA, Partner. of. Condon O’Meara . McGinty. . & Donnelly LLP. Table of contents/Overview. 1) . Introduction. 2) . General. Cash Handling Cash Handling Policies and Procedures Cash Currency , coin, checks, money orders, travelers checks, credit cards, or debit cards. Cash Collection Centers Notify Controller if your department begins handling cash. Departments should not accept payments by currency without prior approval of the Controller’s Office. Larry Brownfield, CPO, OHE – KOA, Inc. Cash Management Course Objectives Identify procedures to help reduce your risk related to cash management . 2. Describe why separation of duties is important with cash management. Contact Information. Treasury Office. 2444 Dole St., Bachman Annex 13. Honolulu, HI 96822. Phone: 956-8527, Fax 956-2148. email: . uh-treasury@lists.hawaii.edu. Name. . Area of . Responsibility. Phone Number. Mark Silins. TCOP Advisor. Content. Objective of Cash Management and Forecasting. Objective of Cash and Appropriation Control. Characteristics of the Two Activities. Convergence of the Two Activities.