Lesson 5: Cash Control Systems

1. Understand that cash and checks are the same when it comes to accounting.
2. Set up a checking account and what type of source documents are used for banking: checks, bank statements, deposit slips.
3. Cash controls to make sure that money cannot be missing
4. NSF and how the bank handles this
5. Use of petty cash

checking account, deposit slip, endorsement, blank endorsement, special endorsement, restrictive endorsement, postdated check, voided check, bank statement, canceled check, dishonored check, non-sufficient funds check, electronic funds transfer, debit card, petty cash, petty cash slip, cash short, cash over

CTE Business & Finance Technology

D. Financial Reports: Develop an understanding and working knowledge of financial statements.
18. Describe the users and uses of financial information.

B. Accounting Principles: Identify and describe generally accepted accounting principles (GAAP/IFRS) and explain how the application of these principles impacts the recording of financial transactions and the preparation of financial statements.

4. Describe methods for controlling and safeguarding cash.


HS.CTE.3C - 3C. Assess and evaluate the effectiveness of the results.
HS.CTE.3A - 3A. Demonstrate comprehension of concepts and/or processes.

*The SAT measures student proficiency in math reading, language, and writing. With strong scores, accounting students set themselves up for successful entry into accounting and finance programs.

Description: Learning how to reconcile a business bank account and petty cash account.

Purpose: Analyzing business checking account records and how to reconcile the amount of money in the checking account is accounted for and proven by the cash balance of that account in the General Ledger. Reconcile the petty cash account.

DOK 1: Recall how to reconcile a bank statement

DOK 2: Explain what controls a business can create to safeguard their cash.

DOK3: Reconcile a petty cash account and prove cash

Accounting in real world assignments that spotlight a variety of actual business that interest students of all cultures with intriguing questions that connect chapter topics to what's driving business decisions in today's organization.

That a bank may charge if there is not enough money in bank account and a check is presented for payment. Checks are considered cash when recorded in a businesses financial records. Understanding the purpose of having a petty cash account and understand the importance of accounting for that fund.

Sampling, modeling, one one instruction, Google classroom or moodle. Handwritten assignments, online instructional tools, videos, real world accounting simulation, textbook, online working papers, excel

Guided Notes worksheet

Guiding questions/term assignment

work together/on own assignment application or mastery working papers

Math assignment

Century 21, Accounting,  General Journal, 11th edition, online/paper edition.

Online working papers (Mindtap)

Microsoft Excel software

Online instructional tools