The

Cotton
Company
A Study Case

ALBERTHA PALMA
FARAHIYA GHAISSANI
Cotton Company
Merupakan perusahaan yang
b e r g e r a k d i b i d a n g r e t a i l,
khususnya untuk penjualan
l i n e n d a n p a k a i a n s e g me n
me n e n g a h k e a t a s .

• Mengidentifikasi control untuk Sales dan Cash Receipts

• Mengidentifikasi & mendeskripsikan defisiensi dalam
Internal Control tersebut
• Merekomendasikan cara agar defisiensi tersebut dapat
diperbaiki
 S ALE S TRANS ACATION

DAILY S AL E S TRANS ACTION

Business S U MMARY

Process INPU T AND RE VIE W

S YS TEM U PD ATE
s a l es s l i p s u p erv i sor cashier

SALES
TRANSACTIO N

CASH
s u p erv i sor c r e di t l i s t m r z a f ir d i a b ( o w n e r )

SALES
TRANSACTIO N

CREDIT
s u p erv i sor m r z a f ir d i a b ( o w n er) k h a l id ( a /r c l e r k )

DAILY SALES
TRANSACTIO N
SUMMARY
k h a l id ( a /r c l e r k ) c a s h r e g i st er t a p e computer

INPUT AND
REVIEW
m a s terfi les k h a l id' s a s s i s t a nt billing

UPDATE
- w e e k ly a g e d t r i a l b a l a nc e m r z a f ir d i a b ( o w n er) k h a l id ( a /r c l e r k )
- u n p ai d b i l l s l i s t

WEEKLY
c o m p ut er g e n era t ed m r z a f ir d i a b ( o w n er) k h a l id ( a /r c l e r k )
s t a t ement

MONTHLY

STATEMENT
c o m p ut er g e n era t ed m r z a f ir d i a b ( o w n er) k h a l id ( a /r c l e r k )
s t a t ement

MONTHLY

INVENTOR Y
 Sales Transacations

•OCCURENCE •COMPLETENESS •ACCURACY •POSTING AND •CLASSIFICATION •TIMING

SUMMARIZATION
Recorded sales are Existing sales Recorded sales are Sales transactions are Sales are recorded on
for shipments actually transactions are for the amount of Sales transactions are correctly classified the correct dates
made to nonfictious recorded goods shipped and correctly included in
customers are correctly billed the A/R master file
and recorded and are correctly
summarized
 Cash Receipts

•OCCURENCE •COMPLETENESS •ACCURACY •POSTING AND •CLASSIFICATION •TIMING

SUMMARIZATION
Recorded cash Cash received is Cash receipts are Cash receipts Cash receipts are
receipts are for funds recorded in the cash deposited and Cash receipts are transactions are recorded on the
actually received by receipts journal recorded at the correctly included in correctly classified correct dates
the company amount received the A/R master file
and re correctly
summarized