Analysis and Evaluation of Internal Control Accounting Systems Food & Beverage Cash Receives and Distributions at Mandapa a Ritz–Carlton Reserve Based on COSO Framework

Santi, Ni Komang Cita Mella Ari and Pramitari, I Gusti Ayu Astri and Suprapto, Putu Adi (2022) Analysis and Evaluation of Internal Control Accounting Systems Food & Beverage Cash Receives and Distributions at Mandapa a Ritz–Carlton Reserve Based on COSO Framework. Repositori Politeknik Negeri Bali.

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Abstract

Internal control in a company is very important in influencing the performance of all employees. This study purpose to determine how and the suitability of the internal control of cash receipts and disbursements for food & beverage at the Mandapa A Ritz-Carlton Reserve based on the COSO framework. Internal control of the cash receipts and disbursements accounting system is important to do in order to avoid any deviations that have a significant impact on business continuity. Data were collected by using observation, interview and documentation study techniques, while the instrument used in this study was the COSO framework internal control standard. The analysis was carried out using a qualitative descriptive analysis method where the researcher described the condition of the hotel based on the results of observations, interviews and documentation studies. The results of the analysis and evaluation of this study can be concluded that the accounting system for cash receipts and cash disbursements for food & beverage at Mandapa A Ritz-Carlton Reserve has been implemented, however, it is not fully in accordance with the Committee of Sponsoring of the Treadway Commission (COSO) Framework. The components that have not fulfilled include the control environment component, namely the organizational structure element where the hotel has not implemented it properly so that there are dual functions, the control activity component is declared not appropriate due to the implementation of the segregation of duties that is not good, and the monitoring component is declared not appropriate due to access to reporting. Cash can be done by the salesperson (server/hostess) Keywords: Cash receipts and disbursements accounting system, internal control, and Committee of Sponsoring of the Treadway Commission (COSO) Framework.

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