The study of Applying the Internal Control Based on COSO Framework to process of billing and receiving cash at PT ABC

Heri Yuliyanto; Chotib Hasan; Silsilia Nurtia Putri; Dewi Kartikasari; Nur Rahmi Fithriani

doi:10.2991/978-2-38476-132-6_67

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The study of Applying the Internal Control Based on COSO Framework to process of billing and receiving cash at PT ABC

Authors

Heri Yuliyanto¹^{, *}, Chotib Hasan¹, Silsilia Nurtia Putri², Dewi Kartikasari², Nur Rahmi Fithriani²

¹School of Strategic and Global Studies, Universitas Indonesia, Depok, Indonesia

²Vocational Education Program of Universitas Indonesia, Depok, Indonesia

^*Corresponding author. Email: h.yulianto@ui.ac.id

Corresponding Author

Heri Yuliyanto

Available Online 31 October 2023.

DOI: 10.2991/978-2-38476-132-6_67 How to use a DOI?
Keywords: Internal Control; COSO Framework; Billing Process; Receipt Cash; Revenue Cycle; Single Case Study and Reserch Qualitative
Abstract: Business competition is getting more challenging in the current era of globalization, so companies must be able to generate income and manage company operations effectively and efficiently. Therefore, billing and receiving cash is an essential part of the business process at PT ABC to generate income. Implementing internal control in this process can guarantee that PT ABC protects assets, ensure accurate records, improve operational efficiency, and encourage policy compliance. This study uses a single case study method by applying the COSO framework to the process of billing and cash receipts. Based on the results obtained from the research, PT ABC has implemented COSO Framework so that companies can achieve their goals. However, companies can make journal entries for financial transactions to make their financial reports more accurate. In addition, the company sends a monthly account receivable report to the client as a billing reminder and avoids the possibility of late payments.
Copyright: © 2023 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the 6th International Conference on Vocational Education Applied Science and Technology (ICVEAST 2023)
Series: Advances in Social Science, Education and Humanities Research
Publication Date: 31 October 2023
ISBN: 978-2-38476-132-6
ISSN: 2352-5398
DOI: 10.2991/978-2-38476-132-6_67 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Heri Yuliyanto
AU  - Chotib Hasan
AU  - Silsilia Nurtia Putri
AU  - Dewi Kartikasari
AU  - Nur Rahmi Fithriani
PY  - 2023
DA  - 2023/10/31
TI  - The study of Applying the Internal Control Based on COSO Framework to process of billing and receiving cash at PT ABC
BT  - Proceedings of the 6th International Conference on Vocational Education Applied Science and Technology (ICVEAST 2023)
PB  - Atlantis Press
SP  - 783
EP  - 798
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-132-6_67
DO  - 10.2991/978-2-38476-132-6_67
ID  - Yuliyanto2023
ER  -

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