Enhancing Accountability and Transparency through Accounting System Optimization in Savings and  Loans Cooperatives

Indah Mahsari Meha

doi:10.64276/ams.v1i3.82

Authors

Indah Mahsari Meha Politeknik Unggul LP3M

DOI:

https://doi.org/10.64276/ams.v1i3.82

Keywords:

Accounting System, Cooperative Governance, Digitalization,, PSAK 27, Internal Control

Abstract

The goal of this study is to look at and improve the accounting system used by the Rona Maju Jaya Savings and Loans Cooperative in order to achieve good governance. This research is driven by the issue of a transaction recording system that is still partially manual, utilizing spreadsheets, and does not fully adhere to the financial accounting rules expressly for cooperatives, namely PSAK 27. Also, the current accounting system isn't connected between business units, which makes it harder to be accountable, open, and keep an eye on things inside the company. The research findings indicate that these conditions result in delays in financial reporting, probable recording errors, and inadequate transaction documentation that leads to poor cooperative management. This study suggests that the best way to solve these difficulties is to improve the accounting system by digitizing records, training staff, making the internal control system stronger, and making standard operating procedures (SOPs). The study's findings suggest that the execution of this technique possesses significant potential to enhance the overall quality of cooperative governance, fostering greater accountability, transparency, and professionalism in management

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