中级财务会计英文ch04(120页PPT).pptx

Chapter 4-1Cash and ReceivablesChapter 4Intermediate Accounting12th EditionKieso, Weygandt, and Warfield Prepared by Coby Harmon, University of California, Santa BarbaraChapter 4-21.1.Identify items considered as cash.Identify items considered as cash.2.2.Indicate how to report cash and related items.Indicate how to report cash and related items.3.3.Define receivables and identify the different types of receivables.Define receivables and identify the different types of receivables.4.4.Explain accounting issues related to recognition of accounts receivable.Explain accounting issues related to recognition of accounts receivable.5.5.Explain accounting issues related to valuation of accounts receivable.Explain accounting issues related to valuation of accounts receivable.6.6.Explain accounting issues related to recognition of notes receivable.Explain accounting issues related to recognition of notes receivable.7.7.Explain accounting issues related to valuation of notes receivable.Explain accounting issues related to valuation of notes receivable.8.8.Explain accounting issues related to disposition of accounts and notes Explain accounting issues related to disposition of accounts and notes receivable.receivable.9.9.Describe how to report and analyze receivables.Describe how to report and analyze receivables.Learning ObjectivesLearning ObjectivesChapter 4-3Cash is the resource on hand to meet planned expenditures and emergency situations.CashCashChapter 4-4l lCash includes:Cash includes:Balances on deposit with financial institutionsBalances on deposit with financial institutionsCoins and currencyCoins and currencyPetty cashPetty cashCertain negotiable instrumentsCertain negotiable instrumentsl lCashiers checksCashiers checksl lCertified checksCertified checksl lMoney ordersMoney ordersCashCashChapter 4-5Cash equivalents are short-term, highly liquid investments that are readily convertible into known amounts of cash and near their maturity (90 days) when purchased. Treasury bills Commercial paper Money market fundsCash EquivalentsCash EquivalentsChapter 4-6l lItems that are Items that are notnot cash cash Postdated checks Postdated checks Travel advances to employees Travel advances to employees Postage stamps Postage stamps Receivables from company employees Receivables from company employees Cash advances to employees or outside parties Cash advances to employees or outside partiesCashCashChapter 4-7l lOverdraftOverdraftNegative bank account balance reported as Negative bank account balance reported as a current liability.a current liability.l lCompensating balanceCompensating balanceMinimum balance that must be maintained in a Minimum balance that must be maintained in a companys account as support for funds borrowed companys account as support for funds borrowed from the bank.from the bank.CashCashChapter 4-8l lPolicies and procedures designed to:Policies and procedures designed to:Protect assets.Protect assets.Ensure compliance with laws and company policies.Ensure compliance with laws and company policies.Provide accurate accounting records.Provide accurate accounting records.Evaluate performance.Evaluate performance.Internal ControlInternal ControlChapter 4-9l lSeparate custody of and accounting for cash.Separate custody of and accounting for cash.l lMaintain only the minimum cash balance Maintain only the minimum cash balance needed.needed.l lProvide for periodic test counts of cash Provide for periodic test counts of cash balances.balances.l lPermit reconciliation of ledger and bank cash Permit reconciliation of ledger and bank cash account balances.account balances.l lResult in the physical control of cash.Result in the physical control of cash.Internal Control for CashInternal Control for CashChapter 4-10l lSeparate responsibility for handling cash, Separate responsibility for handling cash, recording cash transactions, and reconciling recording cash transactions, and reconciling cash balances.cash balances.l lCash-handling and cash-recording activities Cash-handling and cash-recording activities assigned to different people.assigned to different people.l lClose supervision of cash-handling and cash-Close supervision of cash-handling and cash-recording activities.recording activities.Control of Cash ReceiptsControl of Cash ReceiptsChapter 4-11l lSeparate responsibilities for:Separate responsibilities for: Cash disbursement documents, Cash disbursement documents, Check writing, Check writing, Check signing, Check signing, Check mailing, and Check mailing, and Record keeping. Record keeping.l lAdequate source documents must support all Adequate source documents must support all checks.checks.Control of Cash DisbursementsControl of Cash DisbursementsChapter 4-12l lImprest fund providing limited cash for Imprest fund providing limited cash for routine disbursementsroutine disbursementsl lIntended for payment ofIntended for payment of Minor transportation costs Minor transportation costs Postage Postage Of。