Introduction to Cash Basic Accounting Online Course | Alison
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Accounting - Control and Monitoring of Cash

Gain better understanding of bank reconciliation, cash transactions and receipts, checking account, and petty cash.

Accounting
Free Course
This free online accounting course teaches you about the control and monitoring of cash. You will study the procedures and structures for establishing control over the flow of cash, such as the use of cash receipts and cash disbursements, proper use of the bank checking account, preparation for bank reconciliation, and protection of petty cash funds. You will also study the five components for internal financial control within an organization.

Description

Modules

Outcome

Certification

View course modules

Description

Managing and monitoring credit and collection, cash allocation, disbursement, account payable, and invoicing are important skills every accountant must learn. With this course, you will study the accounting practices and procedures for the control and monitoring of cash. You will learn that internal controls help ensure the integrity of financial and accounting information, promote accountability, and prevent fraud in a company. You will also delve into the importance of cash control.

You will then look into the bank checking account. You will learn that a checking account is a deposit account held at a financial institution that allows you to put your money either in the form of checks or cash into one account from which you can then write checks or withdraw cash. You will also look into the petty cash fund and bank reconciliation which is the process of ensuring that a company's records such as the check register and balance sheet are correct.

For any business or organization, the need to control and monitor cash transactions to ensure the efficient operation of the business is vital. Upon the completion of this accounting course, you will gain a better understanding of the importance and function of internal control, be able to calculate, analyze and use the financial results-quick ratio, and a whole lot more! Check out this course and learn how to control and monitor daily cash transactions within an enterprise today.

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Learning Outcomes

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.

Certification

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 an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate 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 Certificates 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 Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, 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 Certificate pricing, please visit our Pricing Page.

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