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CONCEPTUAL

C1 Define internal control and identify its purpose and principles. (p. 250)

C2 Define cash and cash equivalents and explain how to report them. (p. 255)

ANALYTICAL

A1 Compute the days' sales uncollected ratio and use it to assess liquidity. (p. 269)

PROCEDURAL

P1 Apply internal control to cash receipts and disbursements. (p. 256)

P2 Explain and record petty cash fund transactions. (p. 260)

P3 Prepare a bank reconciliation. (p. 265)

P4 Appendix 6A—Describe the use of documentation and verification to control cash disbursements. (p. 272)

P5 Appendix 6B—Apply the net method to control purchase discounts. (p. 275)