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The purpose of this study was to determine the accounting system procedures for the receipt and management of funds applied by PT Bank Sumut and to determine whether internal control on the system of receipt and management of funds carried out by PT Bank Sumut has been implemented properly. This type of research is qualitative. In this study, researchers conducted interviews and collected various information that had been obtained. Then the researcher presents the data in the form of narrative text which aims to get more accurate data.
The results showed that the receipt of customer funds at Bank SUMUT used the accrual-based method. The activities of collecting and channeling funds are the main activities of banking. While the activity of providing other bank services is only a supporter of the two activities above. The definition of collecting means collecting or seeking funds (money) by purchasing from the wider community in the form of demand deposits, savings, deposits, Traveller's Cheques in rupiah currency, securities issued, loans received, other liabilities, subordinated loans, loan capital, and bank capital. Accounting for deposit receipts and management at PT Bank SUMUT focuses on the receipt and use of funds collected from the public. Deposit receipts with the main source of funds come from current accounts, public savings, time deposits, and funds from other banks such as interbank loans. Meanwhile, deposit management focuses on the use and utilization of funds raised to provide credit to the community, especially in the form of providing small business loans to the community. Accounting for deposit receipts and management at PT Bank SUMUT is good, because all systems and management are computerized. This is also supported by the existence of Bank SUMUT online services. With this service, customers can make transactions at any time.
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