Description
The Treasury Cycle of a business is focused on the functions that are related to its capital funds. The function of the Treasury Cycle begins with the recognition of the cash requirements of the business. It also includes the distribution of cash to current operations, and ends with the return of cash to stake holders and creditors. A standard Treasury Cycle will include activities such as:
- Interactions with financial institutions
- Stakeholder relationships
- Cash and investment management
- Accrual and payment of interest and dividends
- Physical custody of cash and securities
Most of the functions associated with a Treasury Cycle are performed by the Treasurer’s Office in a corporate organization.
Course Key Concepts: Internal Accounting Controls, SOX 404, ICFR, Internal Control over Financial Reporting, Independent Public Accountants, Internal Auditors, Business Cycles, Treasury, Expenditure, Purchasing, Payroll, Conversion, Revenue.
