PPT-Cash controls at OSU What is “CASH”?

Currency coin and cash equivalents Checks Travelers checks Cashiers checks Credit card records EFTs ACH and wire transfers Items of cash value ticket gift cardscertificates. at OSU. What is “CASH”?. Currency, coin, and cash equivalents:. Checks. . Traveler’s checks. . Cashier’s checks. . Credit card records. . EFTs: ACH and wire transfers. . Items of cash value: ticket, gift cards/certificates. What is the N9G Tool Box?. The N9G tool box provides the field with helpful information on wide range of subjects.. The tool box provides information to CNIC Regions & Installations; keeping them “audit-ready” at all times.. Chapter 12. 12-. 1. Learning Objectives. Describe the basic business activities and related information processing operations performed in the revenue cycle.. Discuss the key decisions that need to be made in the revenue cycle, and identify the information needed to make those decisions.. Internal Controls. Chapter 4 . Learning Objectives. Discuss the impact of accounting scandals and the passage of the Sarbanes-Oxley Act. Identify the components, responsibilities, and limitations of internal control. 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.. at OSU. What is “CASH”?. Currency, coin, and cash equivalents:. Checks. . Traveler’s checks. . Cashier’s checks. . Credit card records. . EFTs: ACH and wire transfers. . Items of cash value: ticket, gift cards/certificates. 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. Lindsey McGuire, CPA. Brown Armstrong Accountancy Corporation. Understanding the nature and characteristics of fraud . Apply the knowledge on an entity level. Evaluate the risk under existing system and controls . WASBO Accounting Conference. March, 2016. Handling Cash. Cash may be the most vulnerable asset in your LEA. How do you safeguard your cash?. Timely reconciliation of your bank account provides a control mechanism to help protect your cash. Cash Reconciliations ~ Related Internal Controls & tracking debits & credits throughout the month Montana Clerks, Treasurers & Finance Officers Institute ~ May 2014 Darla Erickson, Local Government Services Bureau Lindsey McGuire, CPA. Brown Armstrong Accountancy Corporation. Understanding the nature and characteristics of fraud . Apply the knowledge on an entity level. Evaluate the risk under existing system and controls . The Benefits of Reading Books 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.