Product Price:- $ 99.00 USD

Language:- English
Overview/Description
Businesses operate on cash and strive to earn it. Cash can be defined as dollars and coins, checks, vouchers, and money orders. Accounting procedures are established to ensure that cash receipts and cash disbursements are protected. This course explores the accounting methods for internal control of cash such as petty cash, bank reconciliation, and payroll. Understanding the processing, recording, and safekeeping of cash are vital to the financial stability of a business.

Target Audience
N/A

Expected Duration (min)
180

Lesson Objectives
Accounting for Cash Control | Businesses operate on cash and strive to earn it. Cash can be defined as dollars and coins, checks, vouchers, and money orders. Accounting procedures are established to ensure that cash receipts and cash disbursements are protected. This course explores the accounting methods for internal control of cash such as petty cash, bank reconciliation, and payroll. Understanding the processing, recording, and safekeeping of cash are vital to the financial stability of a business. | FIN0124000000000X020001 | | FIN0124000000000X820001 | | recognize the benefits of using an internal cash control system. | | FIN0124001000000X020001 | | FIN0124001000000X820001 | | Lesson 1 Preassessment | | identify the main principles of internal control. | | FIN0124001001000X820001 | | identify the procedures required in a voucher system. | | FIN0124001002000X820001 | | apply internal control procedures for petty cash, given a scenario. | | FIN0124001003000X820001 | | apply the steps to reconcile the bank balance, for a given scenario. | | FIN0124001004000X820001 | | Lesson 1 Mastery | | recognize the importance of calculating payroll. | | FIN0124002000000X020001 | | FIN0124002000000X820001 | | Lesson 2 Preassessment | | match the payment plans used to determine gross earnings to examples. | | FIN0124002001000X820001 | | apply the steps to calculate gross earnings, for a given scenario. | FIN0124002001001X820001 | apply the steps to calculate gross earnings, for a given scenario. | | FIN0124002002000X820001 | | calculate the payroll deductions, for a given scenario. | FIN0124002002001X820001 | distinguish between voluntary and required payroll deductions. | | FIN0124002003000X820001 | | Lesson 2 Mastery | | recognize the benefits of recording the payroll. | | FIN0124003000000X020001 | | FIN0124003000000X820001 | | Lesson 3 Preassessment | | calculate the column totals of a payroll register, for a given pay period. | | FIN0124003001000X820001 | | calculate a given employee’s cumulative earnings. | | FIN0124003002000X820001 | | apply the steps to record the payroll, for a given scenario. | | FIN0124003003000X820001 | | Lesson 3 Mastery |

Prerequisites
N/A
Estimated Duration:- 3