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Ensure the accounting information authenticity

Ensure the accounting information authenticity. 1. 2. 3. learning objectives. Understand the accounting internal control system. The monetary funds checking. 4. Take stock of assets; clear up credit and debt. Internal control system. What is the internal control system?

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Ensure the accounting information authenticity

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  1. Ensure the accounting information authenticity

  2. 1 2 3 learning objectives Understand the accounting internal control system. The monetary funds checking. 4 Take stock of assets;clear up credit and debt.

  3. Internal control system • What is the internal control system? • organizational plan and related measures adopted by an entity to safeguard assets, encourage adherence to companny policies,promote operational efficiency,and ensure accurate and reliable accounting records.

  4. The goal of Internal control system ①safeguard assets • ②encourage adherence to company policies③ promote operational efficiency • ④ensure accurate and reliable accounting records

  5. The monetary funds checking • 1.the method of checking monetary funds: • Inventory method on the spot • Remember: • At the end of inventory, need to fill in " cash inventory report".

  6. " Cash inventory report" is as following: Cash inventory report company name：Chongqing YUDU companyNovember 30, 2012

  7. 2.Inventory method of bank deposit: • Accounts checking method

  8. A. cash inventory surplus • 1. Adjust the relevant records, • Dr. cash • Cr. surplus and loss in suspense • 2. after examination and approval, • Dr. surplus and loss in suspense • Cr. Other payables • Non-operating income

  9. B. cash inventory losses • 1. Adjust the relevant records, • Dr. surplus and loss in suspense • Cr. cash • 2. after examination and approval, • Dr. Other receivables • General and administration expense • Cr. surplus and loss in suspense

  10. Physical asset inventory • The methods of physical assets inventory: • 1.Inventory method on the spot, • 2.Technical calculation inventory. What are the Physical assets? Such as Inventory and fixed assets.

  11. Take stockAll inventories shall be taken stock periodically. • A. Raw materials inventory surplus • 1. Adjust the relevant records, • Dr. Raw materials • Cr. surplus and loss in suspense • 2. after examination and approval, • Dr. surplus and loss in suspense • Cr. General and administration expense

  12. B. Raw materials inventory losses • 1. Adjust the relevant records, • Dr. surplus and loss in suspense • Cr.Raw materials • 2. after examination and approval, • Dr. Other receivables • General and administration expense • Non-operating expense • Cr. surplus and loss in suspense

  13. clear up credit and debt Inventory method of credit and debt: Letter of certificate verification method

  14. 1. Account receivable， Unable to recover the accounts receivable, Dr. Bad debt provision Cr. Account receivable 2. accounts payable， Unable to pay accounts payable, Dr. accounts payable Cr. Non-operating income

  15. THE END • Thanks for your attention!

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