Internal Supervision Of Cash PAD AJB Bumi Putera 1912 (Medan Baru Branch)

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Introduction

Internal cash supervision is a crucial aspect of company financial management, ensuring the security and accuracy of financial transactions. This research focuses on AJB Bumi Putera 1912 Medan Baru Branch to explore the cash supervision management system applied and its impact on the company's operational success. The purpose of this study is to assess the application of cash internal supervision and its effects on the company's financial performance.

Research Purpose and Benefits

By analyzing the internal cash supervision carried out by AJB Bumi Putera, this study aims to evaluate the extent of the process in accordance with existing theories. The results of this study can be used as a reference for other researchers who will conduct similar research in the future. Through data collection methods, including observation, interviews, and literature studies, this research takes a descriptive analysis approach, allowing researchers to identify, collect, and classify data comprehensively.

Research Methodology

In this study, the data collection methods used were observation, interviews, and library analysis. By observing, researchers can directly see the cash supervision process applied. Interviews with related parties provide additional insights regarding the application of existing procedures and policies. Meanwhile, literature studies are used to understand theories related to cash internal supervision.

Data Collection Methods

  • Observation: Researchers directly observed the cash supervision process applied by AJB Bumi Putera.
  • Interviews: Researchers conducted interviews with related parties to gain insights into the application of existing procedures and policies.
  • Library Analysis: Researchers studied literature related to cash internal supervision to understand existing theories.

Research Result

The results showed that the elements of cash internal supervision in the AJB Bumi Putera Medan Branch of the new branch had fulfilled the applicable accounting provisions. The procedure for receiving and disbursement of the company's cash is well structured, supported by clear authentic evidence in each transaction. In addition, the cash supervision of the cash implemented by the company also involves an internal supervision unit, thus minimizing the potential for errors or misappropriation in cash management.

Key Findings

  • Compliance with Accounting Provisions: The elements of cash internal supervision in AJB Bumi Putera Medan Branch fulfilled the applicable accounting provisions.
  • Structured Procedure: The procedure for receiving and disbursement of the company's cash is well structured.
  • Internal Supervision Unit: The cash supervision of the cash implemented by the company involves an internal supervision unit.

Additional Analysis and Explanation

The application of effective cash supervision is not only important to maintain the security of the company's assets, but also as a tool to improve operational efficiency. With a strict supervision system, companies can detect and correct errors in cash management. This in turn will support better decision making and increase stakeholder confidence in the company.

Importance of Cash Supervision

  • Asset Security: Effective cash supervision ensures the security of the company's assets.
  • Operational Efficiency: Cash supervision improves operational efficiency by detecting and correcting errors in cash management.
  • Stakeholder Confidence: A strict supervision system increases stakeholder confidence in the company.

Conclusion

Good cash supervision is one of the important pillars for the company's operational success, especially in the financial sector. By ensuring the correct management, the company not only protects its assets but is also able to achieve broader goals. This research is expected to be a reference for the development of an internal supervision system in other companies in the future.

Recommendations

  • Implementation of Effective Cash Supervision: Companies should implement effective cash supervision to maintain the security of their assets and improve operational efficiency.
  • Development of Internal Supervision System: Companies should develop an internal supervision system to detect and correct errors in cash management.
  • Stakeholder Confidence: Companies should increase stakeholder confidence by implementing a strict supervision system.
    Frequently Asked Questions (FAQs) about Internal Supervision of Cash PAD AJB Bumi Putera 1912 (Medan Baru Branch) =============================================================================================

Q: What is internal cash supervision?

A: Internal cash supervision is a process of monitoring and controlling the flow of cash within a company to ensure its security and accuracy.

Q: Why is internal cash supervision important?

A: Internal cash supervision is important because it helps to maintain the security of a company's assets, improves operational efficiency, and increases stakeholder confidence.

Q: What are the benefits of internal cash supervision?

A: The benefits of internal cash supervision include:

  • Asset Security: Internal cash supervision ensures the security of a company's assets.
  • Operational Efficiency: Internal cash supervision improves operational efficiency by detecting and correcting errors in cash management.
  • Stakeholder Confidence: Internal cash supervision increases stakeholder confidence in a company.

Q: How can a company implement effective internal cash supervision?

A: A company can implement effective internal cash supervision by:

  • Developing a clear policy: Developing a clear policy on cash management and supervision.
  • Establishing a supervision unit: Establishing a supervision unit to monitor and control cash flow.
  • Implementing a strict supervision system: Implementing a strict supervision system to detect and correct errors in cash management.

Q: What are the key elements of internal cash supervision?

A: The key elements of internal cash supervision include:

  • Compliance with accounting provisions: Compliance with applicable accounting provisions.
  • Structured procedure: A well-structured procedure for receiving and disbursement of cash.
  • Internal supervision unit: An internal supervision unit to monitor and control cash flow.

Q: How can a company ensure the accuracy of its cash management?

A: A company can ensure the accuracy of its cash management by:

  • Implementing a double-entry system: Implementing a double-entry system to ensure accurate recording of cash transactions.
  • Conducting regular audits: Conducting regular audits to detect and correct errors in cash management.
  • Providing training to employees: Providing training to employees on cash management and supervision.

Q: What are the consequences of poor internal cash supervision?

A: The consequences of poor internal cash supervision include:

  • Loss of assets: Loss of assets due to theft or misappropriation.
  • Operational inefficiency: Operational inefficiency due to errors in cash management.
  • Loss of stakeholder confidence: Loss of stakeholder confidence due to poor internal cash supervision.

Q: How can a company improve its internal cash supervision?

A: A company can improve its internal cash supervision by:

  • Developing a clear policy: Developing a clear policy on cash management and supervision.
  • Establishing a supervision unit: Establishing a supervision unit to monitor and control cash flow.
  • Implementing a strict supervision system: Implementing a strict supervision system to detect and correct errors in cash management.

Q: What is the role of internal supervision in cash management?

A: The role of internal supervision in cash management is to monitor and control cash flow to ensure its security and accuracy.

Q: How can internal supervision help a company achieve its goals?

A: Internal supervision can help a company achieve its goals by:

  • Ensuring asset security: Ensuring the security of a company's assets.
  • Improving operational efficiency: Improving operational efficiency by detecting and correcting errors in cash management.
  • Increasing stakeholder confidence: Increasing stakeholder confidence in a company.