Financial Accounting: Techniques and Methods for Managing Cash Flows

This presentation discusses various techniques and methods in financial accounting for managing cash flows in a business. It covers topics such as decision analysis, internal control over cash receipts, maintaining a cash balance, and financial analysis.

Financial accounting

INTRODUCTION
To manage the transactional activities in a firm there has been various kinds of
techniques as well as methods that will help the professionals in maintaining the
financial health of the business. In the present report there will be discussion over
various cases and the operational activities held in such premises.

Decision analysis
In terms with enhancing the operational ability of the business there are various ways
and techniques which will help the managerial or accounting professionals in terms of
managing the cash flows. Moreover, there can be various ways to make the adequate
improvements in the operations of the business such as:
 Quick Invoicing:
 Managing the partial payments:
 Review over receivables
 Due payments::

Internal control over cash receipts
In order to execute the internal management of the firm there is need to have
adequate examination of the total receipts made by entity as well as bank statement of
the venture.
 Establishment of adequate responsibilities:
 Segregation of duties:
 Record keeping
 Documentation Procedures
 Physical, Mechanical and electronic controls:

Maintaining a cash balance
In accordance with the case it can be said that there are various stakeholders to
Krispies Co. Ltd. The bank who has facilitated the loan to this firm is the main
stakeholder and have rights to know all the transnational details.
Therefore, it can be said all the persons who are denoted as the stakeholder to a firm
who have any transactional aspects and any relation with the organisations.
Therefore, it can be said all the persons who are denoted as the stakeholder to a firm
who have any transactional aspects and any relation with the organisations.
 Forecasting cash balance:
 Cash Cycle:
 Money market banking
 Petty cash system:

Financial Analysis
There has been disclosure of the financial statement of the JB Hi-Fi Ltd for the year
2013 which has the cash balance in the balance sheet as 67 million same as in the cash
flow statement.
funds of the firm therefore in 2012 the cash balance was 40 million while in 2013 it
has increased to 67 million.
There has been differences in the cash balance at the cash flow statement while cash
balance in the balance sheet.
In accordance with the firm's internal control system there is need to make adequate
changes in the operations of the business. There is requirement of having proper
execution over the all the operation held in the premises in various units.
the policies and procedure made by the firm which is in consideration with the ethical
consideration of Corporate governance Council Principles and Recommendations.

CONCLUSION
On the basis of above study it can bes aid that financial accounting plays main role in
managing the cash flows, receipts, auditing and all the financial aspects of the
business. The reports have helps in suggesting various techniques and methods to
make the adequate changes in such operations.

REFERENCES
Cabello, J. G. and Lobillo, F. J., 2017. Sound branch cash management for less: A
low-cost forecasting algorithm under uncertain demand. Omega. 70. pp.118-134.
Eades, K. M., and et.al., 2017. JC Penney Company. Darden Business Publishing
Cases. pp.1-15.
Gumb, B. and et.al., 2017. The impact of accounting standards on hedging decisions.
Accounting, Auditing & Accountability Journal, (just-accepted). pp.00-00.
Ismail, N. and Sori, Z. M., 2017. A closer look at accounting for Islamic financial
institutions. In SHS Web of Conferences (Vol. 34). EDP Sciences.

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