Financial Accounting Seven: Cash Controls And Bank Reconciliations
This course is designed for those interested to learn the basics of financial accounting that focuses on internal controls; what they are, why they are useful, and their objectives. Also learn about bank reconciliations control which provides more assurance over the revenue cycle, purchases cycle, and payroll cycle.
About This Coursebeginner
In this course, we will discuss internal controls including what they are, why they are useful, and the objectives of internal controls. We will then move to internal controls specific to cash including bank reconciliations.
Bank reconciliations are important controls for both large and small companies. After the double entry accounting system itself, the bank reconciliation is one of the most important internal controls. The bank reconciliation will compare the bank statement to the cash book balance as of a point in time and reconcile the difference between the two. The bank reconciliation process will provide more assurance of the cash account and will provide more assurance over many other accounting processes because most accounting processes include cash. For example, reconciling the bank account provides more assurance over the revenue cycle, purchases cycle, and payroll cycle.
We will also discuss the setting up and recording of a petty cash account, a process that can be more complex than if first seems.
Who this course is for:
- Accounting students
- Business owner
- Anyone who wants to learn accounting
Our Promise to You
By the end of this course, you will have learned cash control and bank reconciliation.
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Bank Reconciliations And Cash Internal Controls Overview
Internal Controls Overview And Cash Internal Controls Introduction Overview
Internal Controls Overview
Cash Internal Controls Overview
Multiple Choice Questions One – Cash And Internal Controls
Cash Receipts Internal Controls Overview
Cash Receipts Internal Controls
Multiple Choice Questions Two – Cash And Internal Controls
Cash Disbursements Internal Controls Overview
Cash Disbursements Internal Controls
Multiple Choice Questions Three – Cash And Internal Controls
Bank Reconciliations Overview
Bank Reconciliation January
Bank Reconciliation Adjusting Entries January
Bank Reconciliation February
Bank Reconciliation February Adjusting Entries
Multiple Choice Questions Four – Cash And Internal Controls
Petty Cash Overview
Petty Cash Journal Entries – Part One
Petty Cash Journal Entries – Part Two
Multiple Choice Questions Five – Cash And Internal Controls
Multiple Choice Questions Six – Cash And Internal Controls
CPA Test Preparation – Part One
Comprehensive Problem Overview
Comprehensive Problem – Part One
Comprehensive Problem – Part Two
Comprehensive Problem – Part Three
Comprehensive Problem – Part Four
Comprehensive Problem – Adjusting Entries – Part One
Comprehensive Problem – Adjusting Entries – Part Two
Comprehensive Problem – Financial Statements – Part One
Comprehensive Problem – Financial Statements – Part Two
Comprehensive Problem – Closing Process – Part One
Comprehensive Problem – Closing Process – Part Two
Multiple Choice Questions Seven – Cash And Internal Controls
CPA Test Preparation – Part Two
Deposits In Transit
Cash Over And Short
Discussion Question One – Principles Of Internal Control
Discussion Question Two – Voucher System
Discussion Question Three – Outstanding Items In Bank Reconciliation
Discussion Question Four – Petty Cash
Discussion Question Five – Bank Reconciliation
Discussion Question Six – Adjustments During Bank Reconciliation
Discussion Question Seven – Internal Control And Purpose
Discussion Question Eight – Cash Controls
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