Professional Cash Handling

Course Code

ACT-105

Duration

2 Days

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Course Overview

Cash management is the most important internal control function as cash is liquid and hence the most vulnerable asset. To manage cash and enforce strong internal controls ensures that there are no cases of fraud and error. Cash and bank related frauds form the chief threat to all businesses. In this course participants will learn how to manage cash in the most effective way while safeguarding against liquidity issues and frauds and how to manage bank accounts for optimum utilization. It will also cover the full cycle of cash management from receipt to entry in the system.

Course Schedule

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Target Audience

All personnel handling cash in a business

Course Prerequisites

Basic English and Arithmetic

Expected Accomplishments

Understanding of the overall cash process from the time proceeds are collected to the time they are deposited in the bank and recorded in the general Ledger.

Get an overview of the related business process, policies and procedures.

Course Outline

Managing firm bank accounts

Conditions for employment in a cash handling environment

Receiving cash

Treatment of bills and other cash equivalent receivables

Physical security

Preparing transfers and depositing to the bank

Recording to the general ledger

Returned check

Fraud prevention techniques

Reconciliation of bank statement to general ledger

Petty cash & change in fund, cheque cashing