Discuss how can management control cash. Your discussion should include what tools management may...

Question

Discuss how can management control cash. Your discussion should include what tools management may use to control cash.Using the same company and annual financial statements that you chose for yourWeek 1 - Discussion Forum, Reading and Using the Annual Report Case Study, disclose the company’s cash balance, and discuss if you believe the company has too much or too little cash. Be sure to support your opinions with supporting facts.Discuss management’s responsibility to establish overall basic internal controls. Provide a real-life example from a work situation where you saw basic internal controls in place.

Moumita · Accepted Answer

Running Head: Finance 		1
Finance 		5
FINANCE
Table of contents
Answer to Question 2	3
Answer to Question 3	3
Reference	4
Answer to Question 1
Cash control is the process of managing the cash flow within the organisation. Cash can be considered as one of the liquid assets in the company’s hands and it requires correct record and management to allocate, disburse and monitor the credit policies along with accounts payable by the company (WORDOFA, 2017). Cash control forms an integral part as it requires managing, monitoring the cash flow and analysis of the cash balances within the company (Durán, Lozano, & Yaman,2016). Cash flow forms the most basic financial stability component in the business and is important for individuals. Several institutions in the financial market help and support companies with the cash control system.

Discuss how can management control cash. Your discussion should include what tools management may use to control cash. Using the same company and annual financial statements that you chose for...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment