已阅读5页,还剩5页未读, 继续免费阅读
版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
Best Practice Financial Processes: Cash Management,Cash Management - Best Practice Objectives,Cash Management Objectives,Organisation,People,Processes,Controls,Measures,Information Systems,Manage short term liquidity and long term funding requirements Minimise companys cost of capital Efficiently manage the processing of cash transactions Effectively forecast cash requirements Manage petty cash efficiently,Centralised cash office & pooling Integrated with Accounts functions,Record/manage receipts and payments Manage cash position Perform reconciliations Perform period end closing & reporting,Policies & Procedures Bank liaison Authorisation limits Internal controls,Speed of reporting Accuracy of forecasting Return on Capital,Integrated bank account with sub-ledgers Automatic bank reconciliations On-line/real time Cash forecasting,Cash management skills Liaison with financial institutions,Process Features,Segregate cash management from accounts receivable and accounts payable functions Localise cash collection Minimise level of petty cash requirements Transmit mechanisms evaluated on cost and risk basis Create netting arrangement with internal business partners Obtain pan-European banking facilities that allow netting off of account balances,Map cash collection and payment cycles, identify actions to minimise these periods Minimum number of banking relationships maintained to ensure coverage and purchasing power Clear unmatched cash within 1 day Regular reconciliation of all cash books. Maintain petty cash imprest systems Obtain access to on line bank statements Monitor the cost of cash transmission mechanisms,Cash balances reported on a daily basis by account and business centres Treasury determine short term cash requirements from cash forecast and daily report Cash surpluses managed by Treasury Petty cash/foreign currency floats periodically audited Company loan accounts reconciled monthly,Treasury consolidate and manage cash forecast requirements Monitor bank facilities to minimise interest payments and maximise receipts Forecast cash on a regular basis: rolling 12 month forecast - annual 5 year ahead reviews,Cash Management - Best Practice Features,Establish and maintain cash control mechanisms,Perform bank reconciliations,Report and manage cash balances,Forecast cash requirements,System Features,EDI used for majority of payments and receipts Comprehensive system security and password features for payment Multi-currency systems,.,Transmission used for bank statements Bank remittance notices issued with sales invoices Electronic reconciliation of bank statement and cash book Currency rates available for sterling equivalents,Individual bank account cash balance reports produced on a daily basis Summary consolidated cash reports available on-line to Treasury Intercompany netting bank accounts reconciled automatically Integrated enquiry from cash book entries to sub-ledgers,Automatic production of cash forecast statements from commitment/accrual accounting Project analysis and control linked to finance systems Analysis by market share/product cost etc,Cash Management - Best Practice Features,Establish and maintain cash control mechanisms,Perform bank reconciliations,Report and manage cash balances,Forecast cash requirements,Cash Management - Critical Success Factors,These are a summary of the key business requirements, which must be met to achieve Cash management objectives. Electronic Interfaces with Accounts Payable, Accounts Receivable, Payroll and General Ledger Establish and maintain good relations with banks Agree Finance terms Reconcile bank accounts on a regular basis EDI for the majority of payments and receipts Automated bank reconciliation systems and processes Cash monitoring and forecasting techniques provide first class accuracy Integrated on line systems to audit trail cash transactions Operate minimum petty cash and foreign currency floats Separation of Cash management staff duties from other finance operations,Cash Management - Measures / Cost Drivers,Measures Cost of Capital Number of bank accounts Number of banking relationships Number of outstanding reconciling items 3 months old Difference of interest rate of cash accounts vs. Money Market rates per currency Percentage of cash transactions effected electronically Number of days in obtaining value for funds Floating days per bank Cost of cash function as a percentage of total finance cost Number of cash transactions per FTE Number of unreconciled cash transactions Number of accounts outside cash pooling,Cash Management - Measures / Cost Drivers,Cost Drivers Electronic payment and receipt mechanisms Number of banking locations and bank accounts Number of international locations System interfaces available for cash entries Types of payments and currencies used Number of petty cash sites Number of transactions per day Extent of government regulation,Cash Management - Level 0 Context Diagram,Cash Management,Budgeting and control,Cash office,Management team,Audit,Purchasing,Accounts receivable,Accounts payable,Payroll,Banks,General ledger,Financial institutions,Cash forecasting,Cashflow monitoring & forecasting,Check reconciliations,Treasury expertise,Remittances,Commitment details,Petty Cash,Process Receipts,Process Payments,Payroll payments,CM details,Bank Statements,Sales order processing,Sales orders,Cash requirements,Cash Management - Level 1 Overview,Cash Management - Appendix 1 : IDEF Process F
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 事业单位E类-护理类-专项刷题班讲义
- (通史版)高考历史总复习 专题闯关导练 小题专练五 思想文化史人教版高三全册历史试题
- 2023-2024学年浙江省宁波市“十校”高考化学考前最后一卷预测卷含解析
- 工程经济与项目管理 课件 第10章项目质量管理
- 人教版四年级语文上册语文园地三课程
- 营销渠道组合优化应对目标群体变化
- 新编秘书实务(第5版) 课件 第7、8章 文书处理与档案管理、参谋与信息调研工作
- 化学人教版九上考点突破练:1.3 走进化学实验室(第1课时)
- 安阳市洹北中学2023-2024学年高三第五次模拟考试化学试卷含解析
- 山东临沂市临沭县第一中学2024届高考化学五模试卷含解析
- 无刻度直尺作图技巧
- 2023年国信证券固定收益投资管理总部实习生招聘笔试参考题库附带答案详解
- 经典文学里的人生智慧知到章节答案智慧树2023年安阳幼儿师范高等专科学校
- 测绘学基础试题库
- 2023届四川省成都市龙泉驿区七下数学期中学业水平测试试题含解析
- 苏教版三年级下册科学试题-全册单元测试卷(图片版无答案)苏教版
- 2022年11月济南高新区管委会公开招考40名高素质专业人才笔试题库(答案解析)
- 湖北省碳计量中心申报书、筹建评审细则、评审报告、任务书、能力后续建设规划、筹建工作总结报告、验收评审细则、验收报告
- 《医院公共卫生管理研究开题报告》
- GB/T 903-2019无色光学玻璃
- GB/T 5324-1997精梳涤棉混纺本色纱线
评论
0/150
提交评论