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.
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:
Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning
Alison offers 3 types of Certification for completed Certificate courses:
Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping
All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certification pricing, please visit our Pricing Page.