上海海事_外国会计选读07.pdf

ChaChapppp terter 77 CashCash ContentsContentsContentsContents 11. NatureNature ofof CashCash andand thethe ImportanceImportance ofof Internal Control Over Cash 2. Control of Cash Receipts 3.3. InternalInternal ControlControl ofof CashCash PaymentsPayments 4. Preparation of a Bank Reconciliation 55. PPetttty CCashh FFundd CCashh 现金现金  NatureNature ofof CashCash Concepts Cash: Cash includes ppapper moneyy and coins,, depposit in the bank, check and etc Cash on hand (库存现金） CashCash inin bankbank （（银行存款银行存款）） Cash equivalents现金等价物: cash equivalents are highly liquid short-term investments that can easily be converted intointo cashcash. InvestmentsInvestments areare mainlymainly withwith aa maturitymaturity ofof 33 months or less Examples: temporary investments in commercial paper, treasurytreasury billsbills andand moneymoney marketmarket funds.funds. Main feature: high liquidity Liquidity: refers to how readily an asset can be converted iintto othther ttypes off assetts, or iis usedd tto bbuy serviices or satisfy obligations. Cash  Control over Cash  Many companies need several cash accounts to account for difffferent cash categories and ffunds.  Most companies have multiple bank accounts. The title for each bank account should be: Cash in Bank—(Name of Bank)  Presentation of Cash  Cash appears on the balance sheet at its face value.  MMostt companiies presentt onlly a siinglle cashh amountt on ththe bballance sheet by combining all their bank and cash fund accounts.  Cash and Cash Equivalents are usually reported as one amount on thhe bballance.  In