Cash Receipt Procedures and Internal Control System Implementation at Sakinah Mart: A Comparative Study with Mulyadi’s Accounting System Book

Purpose: This study aims to analyze the cash receipts procedures and the implementation of the Internal Control System (ICS) at Sakinah Mart, and to assess their compliance with the accounting standards presented in Sistem Akuntansi by Mulyadi. Method: This research adopts a qualitative approach, utilizing interviews, observations, and documentation as data collection methods. Findings: The findings reveal that many of the cash receipt procedures and ICS practices at Sakinah Mart do not align with the standards outlined in Mulyadi's book. This discrepancy arises due to differences in operational characteristics; Sakinah Mart operates as a retail store selling directly to consumers, whereas Mulyadi's examples are based on wholesale businesses that sell goods for resale. Implication: This study emphasizes the importance of implementing a cash receipt system in accordance with internal control standards to mitigate fraud risks and enhance operational efficiency, particularly for small businesses that interact directly with customers. Originality: This study compares small retail practices with SPI in the book Sistem Akuntansi by Mulyadi, which has rarely been explored before.