Table of Contents

Chapter 1 - Optimal Accounting for Cash. 1

Cash Receipt Inefficiencies. 1

Optimal Accounting for Check Receipts. 2

Optimal Accounting for Cash Receipts. 5

Optimal Accounting for Petty Cash. 5

The Optimal Number of Bank Accounts. 6

Additional Controls to Consider. 6

What Not to Do. 7

Monitoring of Optimal Systems. 7

Effects of Optimal Accounting on the Annual Audit 8

Impact of Optimization on the Financial Statements. 8

Impact of Optimization on Closing the Books. 8

Impact of Optimization on Fraud. 9

Review Questions. 10

Answers to Chapter Questions. 11

Glossary. 13

Index. 15

 

Final Examination.......................................................................................................................................................17