Cash

Cash is the most liquid asset, a medium of exchange and a standard of measurement and the basis of accounting for all other items. In general, cash is classified as current assets. Cash consists of coins, paper money, and the funds available on deposit in the bank. The instrument can be negotiated as money orders, certified checks, cashier checks, personal checks, and bank weel also viewed as cash. Market funds, money market savings certificates, certificates of deposit, and similar types of deposits as well as the "letter or short-term commercial paper" that provides opportunities for small investors to earn higher interest rates, more appropriately classified as temporary investments rather than cash.

MANAGEMENT AND CONTROL
 Cash is the asset most susceptible to misuse. Management usually face two problems accounting for cash transactions:
 1. Appropriate controls must be established to ensure that no transactions are not recorded by authorized officers or employees.
2. Provide the information needed to manage its existing cash on hand and cash transactions correctly. To protect cash management and accuracy of accounting records for cash needed effective internal control over cash.

CASH REPORTING
The problems that connection with cash reporting :
1. Resstricted cash
2. Overdraft bank
3. Cash equivalents