Скачать или смотреть Introduction to Auditing the Cash Cycle | CPA Exam | Auditing Course

In this session, we cover introduction to auditing the cash cycle.

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Introduction ([0:00-0:51]): The video introduces the cash cycle in auditing, noting its connection to other cycles like revenue, expenditure, and payroll.
Types of Cash Accounts ([0:51-1:32]): It identifies different types of cash accounts such as general cash, impressed, branch, cash equivalents, and petty cash accounts.
Bank Reconciliation ([1:32-2:22]): The video emphasizes the importance of bank reconciliation as an internal control for cash.
General Cash Account ([3:04-3:40]): The general cash account is described as the main account for recording all cash receipts and payments.
Impressed Account ([4:04-6:48]): An impressed account, like a payroll account, maintains a set amount of money and is replenished when funds are spent.
Other accounts ([6:49-8:00]): Other types of accounts include branch accounts, cash equivalents and petty cash funds.
Integration of Cash Accounts ([9:10-11:40]): The video explains the relationship between different cash accounts, with the general cash account at the center.
Bank Reconciliation ([11:49-16:20]): Bank reconciliation involves comparing the bank statement and the company's general ledger to identify timing differences.
Limitations of Bank Reconciliation ([16:56-19:26]): The video points out the limitations of bank reconciliation, such as not identifying unrecorded investments or inappropriate payments.
Petty Cash Funds ([19:43-20:42]): An impressed petty cash fund typically has an immaterial balance and is used for immediate, minor expenses.






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