EXPENDITURE CYCLE: TRADITIONAL VS DIGITAL ACCOUNTING INFORMATION SYSTEMS ERA IN PHARMACEUTICAL INDUSTRY AND IMPLEMENTATION OF INTERNAL CONTROL PROCEDURES THAT ENABLE COST SAVINGS IN DEALING WITH THREATS IN THE CYCLE

Abstract

This research is a study that explains the differences that occur in an expenditure cycle, after the digitization of accounting. These changes occurred very significantly and had a huge impact on the development of the accounting information system. The purpose of this study is to see how the digitalization of accounting influences developments in the expenditure cycle. The rapid development of accounting digitization certainly raises efforts to be made in controlling its application, namely the role of an internal auditor in a company is required. The research method used in this study is a descriptive method, namely that the researcher only studies the literature and then develops it into a piece of writing. The results of this study explain that there is a very large impact on the implementation of accounting digitization in the expenditure cycle, accounting digitization is able to minimize costs in the expenditure cycle and requires supervision that must be carried out by an internal auditor within a company to overcome various existing problems. The rapid development of accounting digitization provides a very good outlook for every company or industry, which basically must be prepared carefully and must be able to adapt well to all developments that occur, so that the company can survive and continue to grow.