ANALYSIS OF INTERNAL REVENUE CONTROL IN MINIMIZING UNCOLLECTIBLE RECEIVABLES (A CASE STUDY AT YAYASAN NUR ROSYIDAH MAGETAN)

Abstract

This study aims to analyze the implementation of internal control over revenue in minimizing uncollectible receivables at Yayasan Nur Rosyidah Magetan. The study employed a qualitative case study approach. Data were collected through in-depth interviews, observation, and documentation involving the Foundation Chairperson, Treasurer, and Finance Administration Staff. Analysis was based on the five COSO components: control environment, risk assessment, control activities, information and communication, and monitoring. The findings indicate that internal control over revenue has generally been implemented adequately through tuition payment procedures, segregation of duties, transaction recording, reconciliation, periodic reporting, and staged collection. However, risk assessment is not yet systematically documented, some policies still rely on oral communication, and financial information is maintained across several platforms. Uncollectible receivables are mainly associated with guardians limited financial capacity, delayed payments, payment discipline, and communication barriers. The study recommends strengthening risk assessment, information integration, standardized collection procedures, and documented monitoring.

Keywords: Internal Control, Revenue, Uncollectible Receivables, COSO, Educational Foundation.