Cash Handling Policy Revision Quiz

To update the Handling of Cash Shortages and Overages policy.

Gladys Del Rosario, Asst. Manager - Cashiering, in the Finance Department.

It transferred cash handling functions from the Branch Manager to the Senior Cashier.

<p>Immediately upon approval.</p> Signup and view all the answers

<p>The Finance Department.</p> Signup and view all the answers

<p>To establish procedures for employees under the Treasury Department when managing cash shortages and overages.</p> Signup and view all the answers

<p>The Cashier who incurred the cash shortage or overage is responsible for declaring it.</p> Signup and view all the answers

<p>All cash shortages and overages must be declared and reported.</p> Signup and view all the answers

<p>Honesty, prudence, and integrity.</p> Signup and view all the answers

<p>It specifically applies to the handling and management of cash exceptions at Bingo Plus sites.</p> Signup and view all the answers

<p>They are essential for ensuring accountability and preventing financial discrepancies.</p> Signup and view all the answers

<p>They must account for the cash shortage or overage and establish its cause.</p> Signup and view all the answers

<p>OPS-PP-2023-002.</p> Signup and view all the answers

<p>The Cash Shortage Report must include the site name and address, amount of shortage, date of occurrence, probable cause of the shortage, actions taken, and any other relevant information.</p> Signup and view all the answers

<p>The Senior Cashier or authorized personnel must prepare a Cash Shortage Report and inform the relevant departments about the shortage as soon as possible.</p> Signup and view all the answers

<p>The payment should be recorded in the system (POS) after the Senior Cashier receives the cash payment and emails the deposit slip to the Treasury Department for confirmation.</p> Signup and view all the answers

<p>The Cashier must sign and submit an Authority to Deduct form indicating the amount to be deducted from their salary, which the Senior Cashier will then email to the Treasury Department.</p> Signup and view all the answers

<p>The incident report serves to document and communicate the details of the cash shortage incident to the Finance Department, ensuring that appropriate follow-up actions are taken.</p> Signup and view all the answers

<p>The Cashier must provide an Acknowledgment Receipt for the cash payment and email the deposit slip to the Treasury Department as proof of payment.</p> Signup and view all the answers

<p>The Cashier should settle the shortage either in cash or through an Authority to Deduct, and this must be documented and reported according to the procedures.</p> Signup and view all the answers

<p>Emailing the report ensures that the concerned departments receive timely information regarding the cash shortage for immediate action and record-keeping.</p> Signup and view all the answers

<p>The Cashiering Assistant Manager must email the Treasury Department and HR department for approval.</p> Signup and view all the answers

<p>HR Benefits and Compensation will deduct the approved amount from the Cashier's payroll credit every cut-off until fully settled.</p> Signup and view all the answers

<p>The supplier should issue a service report acknowledging the machine error.</p> Signup and view all the answers

<p>They must submit or email the service report to the Finance Department.</p> Signup and view all the answers

<p>The Senior Cashier must email the deposit slip to the Treasury Department as proof of payment.</p> Signup and view all the answers

<p>They must prepare an incident report and request POS unlocking to input the correct data.</p> Signup and view all the answers

<p>The email is sent to the Treasury Department for monitoring purposes.</p> Signup and view all the answers

<p>It is essential to maintain accurate records and ensure transparency.</p> Signup and view all the answers

<p>The Senior Cashier must prepare a Cash Overage Report, deposit the overage immediately, and document it in the system.</p> Signup and view all the answers

<p>An incident report must be prepared for cash overages that meet or exceed P20.00.</p> Signup and view all the answers

<p>The cashier can be charged with non-compliance, face disciplinary action, and be liable for any losses.</p> Signup and view all the answers

<p>The allowed settlement period is 48 hours.</p> Signup and view all the answers

<p>They must be deposited immediately or by the next banking day.</p> Signup and view all the answers

<p>The mode of settlement can be cash or salary deduction, depending on the approved amount.</p> Signup and view all the answers

<p>It must include columns for 'SESSION NO', 'NATURE', and 'AMOUNT'.</p> Signup and view all the answers

<p>Relevant departments, including the Treasury Department, must be promptly notified.</p> Signup and view all the answers

<p>The report should include the site, site address, amount, date, probable cause, actions taken, status, supporting documents, and other relevant information.</p> Signup and view all the answers

<p>The primary recipients are the HR and Finance departments.</p> Signup and view all the answers

<p>The form documents a cashier's agreement to deduct the shortage amount from their paychecks until it is fully settled.</p> Signup and view all the answers

<p>The three key groups are the Cashier, Senior Cashier or Authorized Site Personnel, and the Treasury Department.</p> Signup and view all the answers

<p>The cashier should determine the cause of the shortage and report it as per the established procedures.</p> Signup and view all the answers

<p>The form requires the employee's PAGCOR GEL ID number along with their name, date, total amount, signature, and position.</p> Signup and view all the answers

<p>The Treasury Department confirms receipt of the deposit slip for the cash shortage payment.</p> Signup and view all the answers

<p>The table captures events and transactions like Morning Rush, Special Events, Check Deposits, and various types of gaming activities.</p> Signup and view all the answers