Cash and cash equivalentes

What is included?

• Bank balances– Current accounts– Call deposits– Savings accounts– Foreign currency accounts

• Cash in hand– Cash in hand– Petty cash– Un deposited cash

Bank balances• Internal controls• Current accounts

– Reconciliations– Bank statements– Overdrafts– Subsequent presentation / realization– If there are more than one account and if you haven’t

received all the documents prepare a schedule– Confirmations

• Call deposits• Savings accounts

– Pass book– Confirmations

Bank Reconciliation

• How to prepare Bank reconciliation statement.

– What is the purpose– What needs to be checked– What are the common errors– Adjustable and non adjustable errors

Bank balances

• Foreign currency conversion– Closing rate conversion(Buying rate or selling rate)

Cash in hand• Petty cash

– If cash float exist surprise cash count– (IOU or invoices)– Obtain confirmations

• Un deposited cash

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THANK YOU