Cash is a company’s most liquid asset and is also a resource necessary to carry out the company's operational activities. The existence of cash is very
... [Show More] easy to transfer, so there is a high risk of misappropriation and abuse. Therefore, it is necessary to have good and transparent management so as not to have a bad influence on the company and interfere with the smooth operation of its operations.
The purpose of this review is to evaluate the management of petty cash funds in an educational institution in carrying out its operational activities by knowing how systems and procedures for establishing, recording, using, and replenishment of cash funds as well as systems for controlling and supervising cash funds. Evaluation is carried out to find out whether the management of cash funds carried out at the educational institution has been running well based on the system and procedures applied. The review carried out by the compiler is in the Department Conservation of Forest Resources and Ecotourism (DKSHE) IPB, which is located in Dramaga Bogor. DKSHE is an educational institution that organizes and develops academic education in Undergraduate and Postgraduate Programs.
The results of the review show that the system and procedures for establishing cash funds for small DKSHE follow the rules and regulations that apply at IPB, the recording of The Assistant Expenditure Treasurer (BPP) is carried out only in the form of Manual Cash and fill out the Financial Information System (SIMKEU) IPB, there are still weaknesses in terms of document flow in the use of cash funds, replenishment of cash funds done when it reaches the minimum limit by following the system and procedures that apply at IPB, there is an authorization from the competent authority on the controlling and supervising its cash funds, and the absence of segregation of duties function and the responsibility of the section that manages DKSHE cash funds. [Show Less]