Evaluation Of Cash Collection System On Financing Without ...

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<Previous Article In VolumeNext Article In Volume>Evaluation of Cash Collection System on Financing without Collateral at PT. XYZAuthorsCut Nessa Cinthya, Gede Harja WasisthaCorresponding AuthorCut Nessa CinthyaAvailable Online October 2019.DOI10.2991/aprish-18.2019.5How to use a DOI?Keywordsrisk management, financing without collateral, credit, internal control system, billing receivable system, standard operating procedureAbstract

To meet their ever-changing financial needs, people employ various strategies, such as credit financing. PT. XYZ is a consumer finance company that offers financing without collateral (hire purchase). Hire purchase is significant unsecured financing offered when a consumer fails to pay, and the company has no guarantee whatsoever for the financing. Therefore, the accounts receivable must be well managed to reduce the risk of loss for the company. PT. XYZ's income statements reveal that the value of the company's bad debts continues to increase every year. Good internal control is needed to minimize the value of bad debts. This study aims to evaluate the internal controls in collecting receivables at the company, using risk management theory. This research uses descriptive qualitative method with case study approach. The data collection was carried out through observations and interviews. The results suggest that PT.XYZ can improve the standard operating procedure and internal control over its billing procedures.

Copyright© 2019, the Authors. Published by Atlantis Press.Open AccessThis is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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<Previous Article In VolumeNext Article In Volume>Volume TitleProceedings of the 3rd Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2018)SeriesAdvances in Social Science, Education and Humanities ResearchPublication DateOctober 2019ISBN978-94-6252-802-4ISSN2352-5398DOI10.2991/aprish-18.2019.5How to use a DOI?Copyright© 2019, the Authors. Published by Atlantis Press.Open AccessThis is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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risenwbibTY - CONF AU - Cut Nessa Cinthya AU - Gede Harja Wasistha PY - 2019/10 DA - 2019/10 TI - Evaluation of Cash Collection System on Financing without Collateral at PT. XYZ BT - Proceedings of the 3rd Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2018) PB - Atlantis Press SP - 35 EP - 42 SN - 2352-5398 UR - https://doi.org/10.2991/aprish-18.2019.5 DO - 10.2991/aprish-18.2019.5 ID - Cinthya2019/10 ER - download .riscopy to clipboard