THE GENERAL LEDGER AND REPORTING SYSTEMS CYCLE: TRADITIONAL VS DIGITAL ACCOUNTING INFORMATION SYSTEMS ERA IN PHARMACY ISSUERS AND IMPLEMENTATION OF INTERNAL CONTROL PROCEDURES THAT ENABLE COST SAVINGS IN DEALING WITH THREATS IN THE CYCLE

Abstract

The purpose of this research is to find out the process of transferring ledgers in presenting financial reports from traditional to digital and to find out the forms of threats and controls that need to be carried out in the ledger and financial reporting system. The general ledger cycle is part of the activity from posting ledgers that are entered into special journals, subsidiary ledgers and general journals to the general ledger that produces financial reports and the Company in carrying out operational activities in order to prevent system error rates. Internal control is a form of process carried out by the board of directors, management and other personnel within an entity to provide reasonable assurance regarding the stated objectives.