Abstract
Accounts receivable is one of the great assets of current assets. Internal control is one way to anticipate the risk of fraud and to avoid negative that can arise due accounts. Internal control system has many elements that need to be designed, the system of separation of powers and separation of responsibilities - especially on the function and operation of the storage accounting functions in order to provide sufficient protection against the wealth, income and corporate accounts. This study was conducted to determine how the internal control of accounts receivable accounting system, what are the obstacles faced in internal control that is implemented and what is being done to minimize the barriers that exist in Sekolah Tinggi Ilmu Administrasi Mandala Indonesia (STIAMI). This study used the descriptive analytical method, which is to analyse and discuss the issues that will be described, explanation and illustration are arranged in a systematic, objective and relevant based on data collected as a basis for making decisions. Research conducted by the descriptive analytical method to determine the implementation of internal control and accounting system accounts. In order to get the information directly from the parties concerned, the researchers conducted in depth interviews with the Board of Management of STIAMI. Based on the results of the research, internal control of accounting systems applied by STIAMI receivables quite effective, it is characterized by the independence of the audit committee or internal watchdog unit which are directly under the auspices of the chairman STIAMI. In addition, management has also implemented STIAMI basic concepts and principles of internal control.
Highlights
Accounting always develops along with the changing correlation of the times
This study aims to answer the following questions: (1) How is the internal control of the accounts receivable accounting system run by Sekolah Tinggi Ilmu Administrasi Mandala Indonesia (STIAMI)? (2) What obstacles are faced in internal control at STIAMI? (3) What efforts are made to minimize the obstacles that exist in STIAMI? This research contributes to higher education institutions, especially those related to the financial management system in order to become more orderly
The recording section is carried out by the accounting department and is separate from the receiving function, but in practice this function sometimes performs the task of receiving payment of accounts receivable when one of the class treasurers or cashiers needs someone to carry out these activities, so that the duty of the accounting department to carry out recording of accounts receivable and preparation of financial statements is hampered and not on time
Summary
Accounting always develops along with the changing correlation of the times. With the increasing complexity of the business world, accounting concepts and techniques have developed which are able to present information about the financial position, performance and flow of funds of an economic unit to decision makers. Seeing the development of the business world that has sprung up and is growing faster, this is an impact that is, marked by the increasing number of competitive business competition Facing this competition, companies or company leaders are required to be able to create or increase company value and be able to manage existing production factors effectively and efficiently so that the goals of a company are achieved. Companies or company leaders are required to be able to create or increase company value and be able to manage existing production factors effectively and efficiently so that the goals of a company are achieved In this case, the company is required to be able to determine good business performance, so that the company will be able to guarantee its survival.. The size of the receivables depends on the policies made by the management of the company such as the credit policy and policies in the collection process
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