Using the below salient points, you can draw up an audit checklist and or a statement of policy for your Company’s Bank and Cash.
General

Polices and procedures for cash handling and banking controls should be clearly documented and communicated.

The amount of cash kept at the office premise should be within insurance coverage amount.

Banking Facilities

Bank mandates that […]

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In my earlier articles on Payback and Accounting Rate of Return, we noticed that those two investment appraisal methodologies do not take into consideration the time value of money.
So what really is the time value and present value of money and […]

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Let’s have an illustration to demonstrate how we can manage a transaction exposure risk:
Say if your company has just bought some chemical products from a Japanese supplier. This deal is denominated in Japanese Yen. You have 90 days to make payment and payment could be […]

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It’s important to constantly update yourself with the economic information of the country where you have foreign exchange exposure. At times, the economic information might explain to you the reasons of the strength, weakness or volatility of the currencies.
Economic information is divided into two categories:
 

Leading […]

The success rate in Mergers & Acquisitions has been very appalling.  It’s is estimated that only one out of 10 M&A is successful. It’s therefore very important that we need to be very vigilant at each stage of the M&A process so that we are able to address those potential pitfalls revealed in the Survey […]