Accounting – Control and Monitoring of Cash

Course Title: Accounting – Control and Monitoring of Cash

Course Level 2: Intermediate

Estimated Study Time: 2-3 hours

Offered by: Alison

For any business or organization, the need to control and monitor cash transactions to ensure the efficient operation of the business is vital. In this course, procedures and structures for establishing internal control such as control of cash receipts and cash disbursements, proper use of the bank checking account, preparation of the bank reconciliation, and protection of petty cash funds are all explored in detail.

An overview of the five components for internal financial control is described and this provides a structure for developing the necessary accounting procedures needed to ensure the safe handling of cash within an organization.

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