includes 4 internal controls in banks

1. Cash
Operation and
Mobilization

2. 4 INTERNAL
CONTROLSTeller
Marketing
Accounting
General Services

3. ACCEPTANCE OF CASH
FOR DEPOSITDEPOSIT - A transaction involving a
transfer of funds to another party for
safekeeping.
Advantages:
Insertion
Counterfeit
No Value

4. Deposit Slip
Account Name
Account Number
Reference Number
Payor’s Number
Denomination
Pieces/Check No.
Amount

5. Withdrawal- Removing funds
from an account, plan, pension or
trust.
Withdrawal slip
Account Name
Account Number
Amount in words
Signatures of depositors

6. Bills Payment- A
money transfer
scheduled on a
predetermined

7. WHEN THE MAIN
VAULT EXCEED
THEIR LIMIT,
WHO WILL PICK

8. LOANS- The act of giving
money, property or other
material goods to an
another party in exchange
for future repayment of
the principal amount along
with interest or other

9. MODES OF PAYMENT
OF LOANS
MONTHLY
QUARTERLY
ANNUAL

10. Cheque/ Checks- A
written, dated and
signed instrument
that contains an
unconditional order
from the drawer that
directs a bank to pay
a definite sum of

11. DIFFERENT ACCEPTANCE
OF CHECKS:
1. OTHERS BANKS CHECKS
TREATED AS 3 DAYS
2. BDO CHECKS – TREATED AS
SAME DAY CLEARING.
3. ENCASHMENT

12. FOREIGN EXCHANGE
The exchange of one currency
for another, or the conversion of
one currency into another
currency. Foreign exchange also
refers to the global market where
currencies are traded virtually
around-the-clock.

13. REMITTANCE- The
process of sending
money to remove
an obligation.