Course # W00337
Cash and cash equivalents are handled by most units at The University of Iowa. Does your unit have strong internal controls pertaining to cash handling that are necessary to prevent mishandling of funds and to protect employees from inappropriate charges? This course is intended to provide you with the necessary information to facilitate the establishment of strong internal controls related to cash handling. Every University unit, administrator and employee responsible for overseeing, receipting, depositing or reconciling cash and its equivalent is required to go through the cash handling departmental and staff certification process.
This course will review the principles of appropriate cash handling: segregation of duties, security, reconciliation, management review and documentation. We will also discuss the departmental and staff certification responsibility for units handling cash.
Objectives: (At the end of this course participants will be able to):
- Understand the principles of appropriate cash handling.
- Understand the unit’s cash handling responsibilities in accordance with the University’s cash handling policy.
- Understand their individual responsibility for the unit’s cash handling policies and procedures.
Participants (audience course is designed for):
Managers enrolled in the UI Business Processes Series, and anyone else who is interested in learning this information.