EVALUATION OF INTERNAL CONTROL OVER SALES, ACCOUNT RECEIVABLE AND CASH RECEIPT SYSTEMS OF PT ABC

Abstract

The main activities within a company that should be controlled as well as possible in order to help companies obtain the maximum benefit are financial activity, operations and marketing. To maximize these three activities necessary internal controls were adequate, ranging from the function of sales, accounts receivable, cash receipts, cash disbursements, to the marketing function. The purpose of this study is to investigate and evaluate the effectiveness of internal control over sales, receivables, and cash receipts are applied to the company, determine the possible weaknesses and provide recommendations on the weaknesses found. This type of research conducted by the authors is descriptive qualitative research case study with the object of study PT ABC. Types of data used are primary data and data sources used are internal data. A data collection method which is used by the author is the study of literature and field study. In a field study, the authors conducted observations and interviews. Based on the results of research on the system of internal control over sales, accounts receivable and cash receipts on PT ABC has found a few flaws, namely the lack of segregation of duties between cash accounting functions with functions, secretarial, administration and sales. Based on the weaknesses, the authors recommend that companies implement job rotation, job separating the functions of cash with recording function, secretarial, administration and sales.