Courses Details
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
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