Nguyên lý kế toán. Chương 6 / Phạm Minh Vương

12-Jul-19

1

Chapter 6

Objective

Describe the nature of cash and the importance of

internal control over cash

Summarise basic procedures for achieving internal

control over cash receipts

Summarise basic procedures for achieving internal

control over cash payments

Describe the nature of a bank account and its use in

controlling cash

Contents  Importance of cash and cash controls  Internal Control  Internal Control for Cash

 Bank Account

Importance of cash and cash controls  Cash: coins, paper money, cheques, and fixed deposits

with banks  Cash is needed for everyday operation of any business  High risk of loss  safeguard needed

Internal Control  Policies, procedures within organisation (effected by

BOD and BOM) to give reasonable assurance of

achieving objectives:  Asset protection

 Effectiveness of operation

 Compliance with laws and regulations

Internal Control  Control Environment.  Risk Assessment  Information and Communication

 Control Activities  Monitoring