Learning Objectives:
- Understand the importance of effective
cash flow management in a higher
education institution.
- Identify the major topics and key points
related to cash flow management.
- Learn about the types and forms of
cash flows.
- Understand the procedures and
processes involved in cash flow
management.
- Recognize common techniques and
methods for maintaining source
documents of cash inflow and outflow.
- Identify common errors in
documenting cash flow evidence.
- Understand the characteristics of
ineffective cash flow management.
- Recognize the impacts of payments
without evidence and unrecognized cash
collection.
Warm-up Questions:
1. Why is cash flow management
important for a higher education
institution?
2. Can you name some common types of
cash flows in an educational setting?
3. What are some procedures involved in
managing cash inflow and outflow?
4. How can source documents be
maintained effectively for cash
transactions?
5. What are some common errors that
can occur when documenting cash flow
evidence?
6. What are the characteristics of
ineffective cash flow management?
7. What are the potential impacts of
making payments without proper
evidence or failing to recognize cash
collection?
Title: Cash Inflow and Outflow Management
Training Materials for Higher Education
Institution Employees
1. Major Topics in Cash Flow Management
Training Material:
- Importance of Cash Flow Management
- Understanding Cash Inflows and Outflows
- Cash Flow Forecasting
- Cash Flow Analysis and Reporting
- Cash Flow Budgeting
2. Types and Forms of Cash Flows:
- Operating Cash Flows
- Investing Cash Flows
- Financing Cash Flows
- Direct and Indirect Cash Flows
3. Procedures and Processes of Cash Flow
Management:
- Cash Handling Policies and Procedures
- Cash Collection Procedures
- Cash Payment Procedures
- Reconciliation Processes
- Internal Controls for Cash Management
Cash Collection Procedures
- Payment Authorization Processes
- Cash Reconciliation Steps
4. Common Techniques and Methods of
Maintaining Source Documents:
- Cash Receipts Journals
- Cash Disbursement Journals
- Bank Reconciliation Statements
- Petty Cash Logs
- Cash Flow Statements
Receipts and Invoices
- Bank Statements
- Cash Registers
5. Common Errors in Documenting Cash
Flow Evidences:
- Missing or Incomplete Documentation
- Incorrect Recording of Transactions
- Failure to Reconcile Cash Balances
- Unauthorized Cash Transaction
6. Characteristics of Ineffective Cash Flow
Management:
- Lack of Transparency in Cash Transactions
- Poor Cash Flow Forecasting
- Inadequate Internal Controls
- Failure to Monitor Cash Flows RegularlyRegularl
7. Impacts of Payments Without Evidences and
Unrecognized Cash Collection:
- Risk of Fraud and Misappropriation
- Inaccurate Financial Reporting
- Cash Shortages or Overages
- Legal and Compliance Issues
- Financial Losses
- Audit Failures
- Reputational Damage
