 In this presentation, we're going to introduce the internal controls related specifically to cash. Cash internal control goals. Is it going to be the objectives of the internal control system over cash? We want to have the cash handling separate from the record keeping. So whoever is handling the cash, we would like to have them not to be the same person doing the record keeping. And therefore we have that separation of duties. We have the person that is entering the data not having as much of an incentive to steal the cash because they're not the ones handling the cash. The people handling the cash know that if they do steal it, the record keeping should pick that up and they are a separate person. Cash receipts are deposited to the bank. We want to make sure that the cash receipts are going to the bank as soon as possible, hopefully on a daily basis, so that we're not accumulating cash. We don't want to cash to be piling up because if it is, then we have a greater risk of theft to happen and greater loss if theft does happen. And we want to put it into the bank as soon as possible that'll help us basically to safeguard the cash. It'll also help us to record the cash more accurately the bank being someone who is going to have a separate record of the cash recordings as we go for us. Cash payments made by check or electronic funds transfer. And this is going to be we don't really want the point here is that we don't really want to make our payments for purchasing for business with cash. And the reason is that there's no cash audit trail for it. I mean, if we use cash, we don't have a good audit trail. Now some people think of cash and they think, well, if I if I have cash payments, no one could track that and possibly might think of that as a good thing that, you know, people can't see what you're doing or there, you know, some the government can't see what you're doing or something like that. But note that we want good record keeping, of course, when it's our records, because we want to be able to go back and say, Hey, what did I spend the money on? We want to have an audit trail so that when we look at our purchases, we can see what happened if we purchased everything with cash, we don't have a good audit trail. We can't go back to our bank statement and say, Hmm, what did I write the check for? Well, who did who did we write the check for? We can easily find that when we write the checks. We also have control over someone who's going to sign the checks as opposed to possibly someone requesting that the cash payment be made. So if a cash payment is being requested by one department and or for a small business, and one of our employees has a cash payment request or is dealing with the payables, we could still take control over the check signing activity. And that can be an effective internal control so that checks aren't written, of course, for illegitimate reasons. Electronic fund transfers can have similar types of internal controls and be quicker as well. So we could do that electronically as well and have a similar trail of tracking to see what is going on. And so the point here is to limit the cash disbursements so that we have that tracking cash and cash equivalence. Now cash is going to be anything that's going to be really liquid, something that we're going to be able to pay off our short term obligations with. We typically think of cash as being physical cash or something that's going to be in our bank account or our checking account. Now if we're talking about something that's going to be fairly equivalent to cash, cash and cash equivalence, we're talking about something that's going to be due really soon, something that we could we could also basically have access to and pay off our accounts with very quickly. If we have a long term constraint on the type of investment that we have, then of course we wouldn't be calling in a cash or cash equivalent. Managing cash. When talking about managing cash, we're talking about the plan receipt to be able to cover payments. And this seems kind of obvious, but when we talk about accrual accounting, note that we're not accounting for our income statement, our revenue and expenses with cash flows. So we want to make sure that as we do accrual