PPT-Cash Reconciliations ~ Related Internal Controls & tracking debits & credits

Cash Reconciliations Related Internal Controls amp tracking debits amp credits throughout the month Montana Clerks Treasurers amp Finance Officers Institute May 2014 Darla Erickson Local Government Services Bureau. This module provides an introduction to the balance sheet, one of the essential financial statements in accounting and includes an introduction to debits and credits, and double entry accounting. We suggest doing the Balance Sheet module prior to the Income Statement.. 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. Pre-Audit Presentation. Objectives of Presentation. Provide a basic understanding of internal audit. Provide a basic awareness of the principles of internal controls so:. You have an understanding of what we’re looking for as we conduct the audit. 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. Pre-Audit . Presentation. Objectives of Presentation. Provide a basic understanding of internal audit. Provide a basic awareness of the principles of internal controls so:. You have an understanding of what we’re looking for as we conduct the audit. The Fayetteville State University Process. Fayetteville Fort Bragg. Financial Aid Reconciliations. . Background. Financial aid reconciliations at Fayetteville State University were not being performed on a consistent basis nor were they following a prescribed format.. 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. PRESENTED BY. PAUL E. GLICK. GLICK CONSULTING GROUP. EMAIL pglick@mindspring.com. A SURVEY OF FOLKS REGARDING FRAUD. 31% of All Americans are Dishonest. Another 40% are Situationally Honest (i.e., they will be honest if it pays to be honest and dishonest if it pays to be dishonest). 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. 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. Financial managers need to analyze . the . accounting records to…. Understand . how . things have worked in the past. Effects of a course of action. Costs and benefits of an action . Why do we need to study accounting? . Chapter 10. Learning Objective 1. Contrast management’s need for. internal control with the auditor’s. need to consider internal control. when designing an audit.. Inherent. Limitations. Reasonable.