Evaluation of Business Process in the Cash Disbursement Cycle in Increasing Operational Effectiveness and Corporate Internal Control (Case study: PT XYZ)
Rika Ramadiyansari, Catur Sasongko
Available Online 15 September 2020.
- https://doi.org/10.2991/aebmr.k.200915.028How to use a DOI?
- cash disbursement cycle, expenditure cycle, internal control, accounting information system
- An industrial estate management company PT XYZ’s actual situation based on internal audit report shows unusual activities and internal control related to the cash disbursement business process. The improvement process is needed in order to be able to run business process properly, avoid fraud, and present financial statements fairly. This research evaluates the effectiveness of current cash disbursement business process and its internal control using COSO 2013 framework. This research is a qualitative case study method that emphasizes the deepening of the analysis of a system, circumstances, events and interactions to answer the research problems. This study uses primary and secondary data obtained from interviews, observations and reviews of scientific and company documents. The result show company’s weakness in running cash disbursement business process and its internal control. This research presents the evaluation of causes, weakness, risk identification and flowchart, which are correlated with internal controls to determine appropriate and effectiveness activity in cash disbursement business process.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Rika Ramadiyansari AU - Catur Sasongko PY - 2020 DA - 2020/09/15 TI - Evaluation of Business Process in the Cash Disbursement Cycle in Increasing Operational Effectiveness and Corporate Internal Control (Case study: PT XYZ) BT - International Conference on Management, Accounting, and Economy (ICMAE 2020) PB - Atlantis Press SP - 117 EP - 123 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200915.028 DO - https://doi.org/10.2991/aebmr.k.200915.028 ID - Ramadiyansari2020 ER -