52. REVISION OF CASH. PERFORMANCE CONTROL

Evaluation of effectiveness begins with studying the issue of the availability of budgets of funds, regulation of their development, approval and change.

The auditor may ask to provide documents confirming the analysis of budget execution, clarification of the reasons for non-performance, etc.

A separate issue is the evaluation of the effectiveness of the money circulation itself. We should not forget that, unfortunately, some legislative acts contain norms that impede the most efficient use of financial resources. This aspect should be taken into account when drawing conclusions. For example, the organization received money, but it will need it only after three weeks. They can lie on a current account, be placed on a deposit, invested in securities, etc. Evaluation of effectiveness, but also of risk, is different. It is clear that investments in securities could give a greater profit than deposits, or they could even “burn out”. In some cases, for example, when receiving targeted funds, their placement even on a deposit is not clearly regulated by law.

On the example of studying the circumstances of specific payments, the terms of payment are analyzed, the choice of their most effective form.

When paying a supplier, it examines whether it was an advance payment or a subsequent payment, and whether it was possible to pay later, whether the payment is budgeted, how it was posted on the report, whether there were deviations from the budget, etc.

Often organizations receive significant amounts, hand them over to the bank, pay for collection, cash recounting, and the next day they take about the same amount for the issuance of wages, again pay for collection, as well as for the issuance of cash. When such facts are identified, the auditor should consider whether it is possible, without violating legal requirements, to reduce the cost of depositing and receiving money, for example, to coordinate the schedules of receipt of funds from buyers with the days of payment of wages or to obtain bank permission to issue wages from proceeds, etc.

In some cases, organizations pay their bank a high percentage for depositing and receiving cash, while other banks offer more preferential conditions, up to free crediting of cash to a current account. The auditor should check whether the operating conditions of the bank with cash were analyzed, what arguments were decisive when choosing a servicing bank.

The issuance of significant amounts of money under the report to employees for a long period of time (including with periodic registration of the return of accountable amounts) can be considered as operations of interest-free lending to an individual.

The studied charts and the results of their analysis are also attached to the audit materials.

<< Back: Revision of funds. Control of financial reporting

>> Forward: Revision of funds. Special Control Measures

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ International private law. Crib

▪ Psychology of work. Lecture notes

▪ General history. Crib

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive Tea bags are dangerous to humans 07.10.2019 Ditching paper tea bags in favor of plastic ones can have negative consequences for the human body. Natalie Tufenkji, professor of chemical engineering at McGill University, came to this conclusion based on the results of the study. After studying four samples of tea sold in plastic bags, the researchers found that when plastic is heated in hot water during the brewing process, about 11,6 billion microplastic and 3,1 billion nanoplastic particles are created. These figures are thousands of times higher than the presence of plastic pollution in the environment, tap and bottled water, and some foods. The effect of this plastic on water fleas, which are model organisms often used in environmental studies, has been shown to be negative. Despite the fact that the microorganisms did not die, they showed anatomical and behavioral abnormalities. The first author of the study, graduate student Laura Hernandez, stressed that more research is needed to determine how much plastic can negatively affect people and cause chronic changes in the body.

Other interesting news:

▪ CRT TV with built-in DVD recorder from PANASONIC

▪ Steel Velcro

▪ Ultra-reliable PX03SN Series SSDs from Toshiba

▪ Antiprinter

▪ Przewalski's horse cloned

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the site Children's scientific laboratory. Article selection

▪ article by Afanasy Ivanovich and Pulcheria Ivanovna. Popular expression

▪ article Which chips were unsuccessfully demanded by their company not to be considered chips? Detailed answer

▪ article Working on pad printing machines. Standard instruction on labor protection

▪ article Domestic electronic ballasts. Encyclopedia of radio electronics and electrical engineering

▪ article Predictions with numbers. Focus Secret

Leave your comment on this article:

All languages ​​of this page

Arabic	Hebrew	Polish
Bengali	Hindi	Portuguese
Chinese	Italian	Spanish
English	Japanese	Turkish
French	Korean	Ukrainian
German	Malay	Vietnamese

Home page | Library | Articles | Website map | Site Reviews

www.diagram.com.ua
2000-2024