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1、Slide 7-1,FINANCIAL ASSETS,Chapter7,Slide 7-2,How Much Cash Should a Business Have?,Cash and cash Equivalents 现金与现金等价物,Short-term Investments,Receivables,Financial Assets,Cash and those assets that can be easily and directly converted into cash,Slide 7-3,How Much Cash Should a Business Have?,Account
2、s receivable,Marketable securities 有价证券 (short-term investments),Cash (and cash equivalents),Collections from customers,Cash payments,“Excess” cash is invested temporarily.,Investments are sold as cash is needed.,Slide 7-5,Cash(现金),Coins and paper money,Checks(支票),Money orders 汇票/汇款单,Travelers check
3、s,Bank credit card sales,Cash is defined as any deposit banks will accept.,Slide 7-6,Combined with cash on balance sheet,Reporting Cash in the Balance Sheet,Liquid short-term investments,Stable market values,Matures within 90 days of acquisition,Money market funds 货币市场基金 T-bills High-grade commercia
4、l paper,Slide 7-7,Not available for paying current liabilities,Reporting Cash in the Balance Sheet,Not a current asset,Listed as an investment and funds,“Restricted” Cash受限制现金,Slide 7-8,Bank agrees in advance to lend money.,Reporting Cash in the Balance Sheet,Liability is incurred when line of credi
5、t is used.,Unused line of credit is disclosed in notes.,Lines of Credit 信用限额,Slide 7-9,Cash Management,Accurately account for cash. Prevent theft and fraud. Assure the availability of adequate amounts of cash. Avoid unnecessarily large amounts of idle cash.,Slide 7-10,Using Excess Cash Balances Effi
6、ciently,Cash available for long-term investment may be used to finance growth and expansion of the business, or to repay debt.,Cash not needed for business purposes should be distributed to the companys stockholders.,Slide 7-11,Internal Control Over Cash Segregate authorization, custody and recordin
7、g of cash. Prepare a cash budget. Prepare a control listing of cash receipts. Require daily deposits. Make all payments by check. Verify every expenditure before payment. Promptly reconcile bank statements.,Slide 7-12,Cash Over and Short现金溢缺,Cash Over and Short is debited for shortages and credited
8、for overages.,On May 5, XBAR, Inc.s cash drawer was counted and found to be $10 over.,Slide 7-13,Cash disbursement,Checking account/cheque account 支票账户 - An account with the bank against which one can draw checks for payments - signature card 印鉴卡 Practice: Issuing a check (with sample checks),Slide
9、7-14,Slide 7-15,Cash disbursement,Cash disbursement,Slide 7-16,Slide 7-17,Bank Statements银行对账单/银行结单,Shows the beginning bank balance, deposits made, checks paid, other debits and credits in the month, and the ending bank balance. Example on page 269.,Bank Statement,Slide 7-18,Bank Reconciliation Sta
10、tement银行存款余额调节表,Explains the difference between cash reported on bank statement and cash balance in depositors accounting records.,Provides information for reconciling journal entries.,Slide 7-19,Reconciling the Bank Statement,Balance per Bank,+ Deposits in Transit 在途存款,Outstanding Checks 未兑现支票, Ban
11、k Errors,= Adjusted Balance,Balance per Depositor,+ Deposits by Bank ( eg. interest earned) (credit memos),- Service Charge NSF Checks存款不足支票(debit memos), Book Errors,= Adjusted Balance,Slide 7-20,Reconciling the Bank Statement,All reconciling items on the book side require an adjusting entry to the
12、 cash account.,Balance per Depositor,+ Deposits by Bank ( e g. interest earned) (credit memos),- Service Charge NSF Checks (debit memos), Book Errors,= Adjusted Balance,Slide 7-21,Reconciling the Bank Statement Example,Prepare a July 31 bank reconciliation statement and the resulting journal entries
13、 for the Simmons Company. The July 31 bank statement indicated a cash balance of $9,610, while the cash ledger account on that date shows a balance of $7,430. Additional information necessary for the reconciliation is shown on the next page.,Slide 7-22,Outstanding checks totaled $2,417. A $500 check
14、 mailed to the bank for deposit had not reached the bank at the statement date. The bank returned a customers NSF check for $225 received as payment of an account receivable. The bank statement showed $30 interest earned on the bank balance for the month of July. Check 781 for supplies cleared the b
15、ank for $268 but was erroneously recorded in our books as $240. A $486 deposit by Acme Company was erroneously credited to our account by the bank.,Slide 7-23,Reconciling the Bank Statement Example,Reconciling the Bank StatementExample,Slide 7-24,Reconciling the Bank Statement Example,Slide 7-25,Use
16、d for minor expenditures.,Petty Cash Funds零用现金基金,Has one custodian.,Replenished periodically.,Petty Cash Funds,Slide 7-26,Petty Cash Fund,Establishing the petty cash fund Petty cash fund 500 Cash 500 Reimbursing/replenishing the petty cash fund (Miscellaneous) Expenses 300 Cash 300,Slide 7-27,Practice,Exercise 7.5 (p.304),Slide 7-28,Short-Term Investments(短期投资),Bond Investments,Capital St
