Accounting - Control and Monitoring of Cash
Learn more about the control of, and accounting for, cash transactions and receipts.
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CertificationView course modules
For any business or organization, the need to control and monitor cash transactions to ensure the efficient operation of the business is vital. In Alison's accounting course, procedures and structures for establishing internal control such as control of cash receipts and cash disbursements, proper use of the bank checking account, preparation of the bank reconciliation, and protection of petty cash funds are all explored in detail.
An overview of the five components for internal financial control is described and this provides a structure for developing the necessary accounting procedures needed to ensure the safe handling of cash within an organization.
Alison's accounting course will be of great interest to entrepreneurs and business professionals who would like to better understand how to control and monitor daily cash transactions within an enterprise, and to any learner who is interested in accounting as a future career.
Module 1: Accounting - Control and Monitoring of Cash
Prerequisites and Navigation
Control of Cash
The Bank Checking Account
Petty Cash Fund
Module 2: Accounting - Control and Monitoring of Cash Assessment
Having studied this accounting course you will be able to:
- Describe the necessity for and features of internal control;
- Define cash and list the objectives sought by management in handling a company's cash;
- Identify procedures for controlling cash receipts and disbursements;
- Prepare bank reconciliation statements and make necessary journal entries based on that schedule;
- Explain why a company uses a petty cash fund, describe its operations, and make the necessary journal entries;
- Calculate, analyze and use the financial results-quick ratio.
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:
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Alison offers 3 types of Certification for completed Certificate courses:
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