Internal Control System Analysis of the Revenue Cycle (Case Study at PT. Anugerah Cahaya Sejahtera Indonesia)

Abstract

The revenue cycle consists of several cycles, namely cash and credit sales, cash receipts from repayment of receivables, and cash receipts from cash sales. This internal control system is carried out to maintain and protect company assets and to prevent risks that arise within a company. This research aims to analyze whether the internal control system for the company's revenue cycle is running well and in accordance with the internal control elements that have been determined. This research uses qualitative research to determine informants using snowball sampling techniques. Primary data is obtained from field observations in the form of interviews, while secondary data is obtained from documents as supporting evidence for the interviews. Based on the COSO analysis and the internal control elements that have been carried out, it can be concluded that the internal control system over the revenue cycle at PT. Anugerah Cahaya Sejahtera is quite effective, but several weaknesses must be considered to improve control within the company so that goals can be achieved well.