UJIAN AKHIR – PROGRAM PROFESI AKUNTANSI

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Studi Kasus: Perumahan bagi para pemuda (youths)

Organizational backgrounds A small non-profit organization that provides housing for youths with revenues of

approximately $700,000. The organization also provides counseling and offers other services to assist the youths.

There are 2 funding agreements with the Municipality a. for purposes of the housing operations and b. for community development. The funding agreements are signed annually. Any excess funding at the end of the Organization’s fiscal year-end has to be repaid to the Municipality. The agreements stipulate that an annual financial statements audit is required.

Youths are charged for housing and there is a nominal fee for the other services It hires 2 paid staff members: a housing manager and community development

worker. The Board of Directors is made up of 6 members from the community. Members

have varying degrees of expertise such as social worker, fundraising, operations manager, teacher, nursing and a computer programmer.

The case

The contracted bookkeeper moved down south two months ago. The Organization just hired a new housing manager, Lidya. Lidya has limited experience in overseeing the operations of a housing organization. Several years ago Lidya took a bookkeeping course and has told the Board of Directors that she could also do the bookkeeping. Lidya did not inform the Board of Directors that she does not have experience with the Organization’s accounting system.

The Organization accepts cash for rents payments and Lidya keeps the cash in the office’s top desk drawer until she is able to deposit it to the bank. Lidya makes two deposits a month.

Since Lidya has a part-time job in the evenings, working at a dry-cleaner’s she requests that the Organization consider her contract rather than an employee.

Work was required on the vacant units, such as new carpeting and painting so Lidya hired her son and paid him cash from the rent payments she received.

The Organization purchased a new boiler during the year and it was expensed in operations. The Organization’s accounting records showed a large surplus and since the

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Organization is required to repay surpluses from both housing and community development funding back to the Municipality Lidya decided to renovate the community centre and install new cabinets and purchase new appliances in the amount of $15,000.

The board met monthly to discuss issues affecting the Organization but have not received monthly financial reports in at least six (6) months to review.

Instruksi:1. Identifkasilah permasalahan yang timbul pada organisasi di atas 2. Kemukakan analisis saudara terhadap kasus di atas3. Berikan usulan untuk memperbaiki kontrol internal dan prosedur dalam organisasi

tersebut sehingga dapat meminimalkan resiko-resiko operasional organisasi.

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