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    Consumer PPT Activity

    Uploaded by

    NachtKunokanjiru
    The document discusses various topics related to consumer mathematics and cash management, including components of cash and cash equivalents, compensation balance, importance of business documents for cash control, and role of staff in cash control. It then provides true/false questions about time deposits, internal cash controls, issuing receipts, bank reconciliation, cash policies, presenting deposits at net realizable value, cash equivalents, inherent risks, foreign currency deposits, and minimizing cash misuse. Finally, it provides multiple choice questions about reporting bank overdrafts, cash and cash equivalents, lapping, access to recording functions, and types of receipts.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Consumer PPT Activity

    Uploaded by

    NachtKunokanjiru
    31 views7 pages
    The document discusses various topics related to consumer mathematics and cash management, including components of cash and cash equivalents, compensation balance, importance of business documents for cash control, and role of staff in cash control. It then provides true/false questions about time deposits, internal cash controls, issuing receipts, bank reconciliation, cash policies, presenting deposits at net realizable value, cash equivalents, inherent risks, foreign currency deposits, and minimizing cash misuse. Finally, it provides multiple choice questions about reporting bank overdrafts, cash and cash equivalents, lapping, access to recording functions, and types of receipts.

    Original Description:

    its just something that might peek your interest, although this might not be useful

    Original Title

    Consumer Ppt Activity

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    The document discusses various topics related to consumer mathematics and cash management, including components of cash and cash equivalents, compensation balance, importance of business documents for cash control, and role of staff in cash control. It then provides true/false questions about time deposits, internal cash controls, issuing receipts, bank reconciliation, cash policies, presenting deposits at net realizable value, cash equivalents, inherent risks, foreign currency deposits, and minimizing cash misuse. Finally, it provides multiple choice questions about reporting bank overdrafts, cash and cash equivalents, lapping, access to recording functions, and types of receipts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    31 views7 pages

    Consumer PPT Activity

    Uploaded by

    NachtKunokanjiru
    The document discusses various topics related to consumer mathematics and cash management, including components of cash and cash equivalents, compensation balance, importance of business documents for cash control, and role of staff in cash control. It then provides true/false questions about time deposits, internal cash controls, issuing receipts, bank reconciliation, cash policies, presenting deposits at net realizable value, cash equivalents, inherent risks, foreign currency deposits, and minimizing cash misuse. Finally, it provides multiple choice questions about reporting bank overdrafts, cash and cash equivalents, lapping, access to recording functions, and types of receipts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 7

    Activity In Consumer Mathematics

    By:
    Joshua Daniel M. Lamberto.
    Learning activities

    Introductions: Discuss the following:

    1. What are the components of cash and cash equivalents?

    2. What is compensation balance?

    3. The importance of business documents to control cash.

    4. The role of staff in the control of staff.

    5. Government Securities.
    Chapter 7: Find management 131
    Learning Activities

    Introductions: Write True if the statement is true and False if the statement is false.

    1. The interest of a time deposit placement with the bank can be received at maturity
    date.

    2. Good internal control dictates that no one should have a monopoly of the
    transactions related to cash.

    3. It is a good practice for collectors to issue an official receipt to the customer who
    pays his/her account.

    4. Cashiers should prepare the monthly bank reconciliation of the various depository
    bank of the company

    5. Company policies related to cash are guidelines by which the staff should be guided
    and protected against misuse of cash of the company.

    132 Fundamentals of financial Management (With Industry-Based Perspective)


    6. Deposits in banks with financial difficulty should be presented in the balance sheet at
    net realizable value.

    7. Short-term investments acquired maturing within three months are considered as cash
    equivalents.

    8. Inherent risks are those risks that are already built-in in the organization and therefore
    can not be eliminated but can be minimized.

    9. Foreign currency deposit with the bank should be translated into current exchange rate
    at the accounting period.

    10. Provisional Receipts are used when the customers pays the company a check that will
    be subject to a three-day clearing period with central bank of the Philippines.

    11. Cash as reported in the balance sheet should be unrestricted.

    12. Depositing the cash collection daily will minimize the risk of misusing
    the cash.

    132 Fundamentals of financial Management (With Industry-Based Perspective)


    Learning Activities

    Instructions: Choose the best correct answer and encircle your choice.

    1. Generally, if there is a bank overdraft:


    a. This will be reported as a deduction from other bank deposits with other bank
    accounts.
    b. This will be reported as a deduction from total quick assets.
    c. This will be reported as deduction from total current assets.
    d. This will be reported as a current liability.

    2. The following are to be reported as a cash and cash equivalent except:


    a. The cash that is available for use and unrestricted.
    b. The cash in a closed bank.
    c. The cash used to replenish the petty cash fund.
    d. The cash to pay today’s purchases.

    Chapter 7: Fund Management 133


    3. The process of misappropriating a collection of one customer and applying subsequent
    collection from another customer to the former is:
    a. Lapping.
    b. Kiting.
    c. Depending on another situation affecting the collection of the next customer.
    d. Depending on the other situation affecting the collection of the earlier customer.

    4. The following cannot have access to recording function of the company


    a. Junior Accountant.
    b. Accounting Manager.
    c. Cashier.
    d. General Accountant.

    5. Which of the following does not belong to the group:


    a. Official Receipt.
    b. Provisional Receipt.

    Chapter 7: Fund Management 133


    Joshua Daniel M. Lamberto. January 24, 2022

    Grade 10 - Yellow

    That’s all for my activity!

    Thanks for cooperating! :D

    Thanks for your


    time~

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