Xem mẫu

Financial Assets Chapter 7 PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA McGraw-Hill/Irwin Copyright©2012TheMcGraw-Hill Companies,Inc. How Much Cash Should a Business Have? 7­2 The Valuation of Financial Assets Basisfor Valuation in Type of Financial Assets the Balance Sheet Cash (and cash equivalents) Face amount Short-term investments Current market value (marketable securities) Receivables Net realizable value Estimated collectible amount 7­3 Cash Management Accurately account for cash. Prevent theft and fraud. Assure the availability of adequate amounts of cash. Prevent unnecessarily large amounts of idle cash. 7­4 Internal Control Over Cash • Segregate authorization, custody and recording of cash. •Prepare a cash budget (or forecast). • Prepare a control listing of cash receipts. •Require daily deposits. • Make all payments by check. • Require that every expenditure be verified before payment. •Promptly reconcile bank statements. 7­5 ... - tailieumienphi.vn