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Widyatama University Faculty of Economics Students Join Indonesia Accounting Fair 2018

Widyatama University Faculty of Economics Students Join Indonesia Accounting Fair 2018

Widyatama University participates in the Indonesia Accounting Fair 2018 (IAF 2018) held at the University of Indonesia (UI), Depok. The Indonesia Accounting Fair is a competition that is always held by the University of Indonesia annually with the theme of the latest accounting rules at this time. For this year, the Indonesia Accounting Fair 2018 investigates the theme “The New Leasing Era” (IFRS 16), improving the quality of standard single lease financial reporting. This year Widyatama University sent 1 team consists of three members, they are Delya Rhamatunnisa (20), Juannes Alfredo (20), and Dessyana Adhiarizki (20).

Indonesia Accounting Fair 2018 began with the Preliminary Online which was held on January 27, 2018, 24 of the best teams that passed the Preliminary round will enter the Main Round, and follow all of the rounds and will get the 5 best teams to enter the final round. This year the participants who passed the Main Round round were Nam, Widyatama University (1 team), De La Salle (1 team), International Islamic University Malaysia (1 team), KDU UC Malaysia (1 team), Mercubuana University (3 teams), STEI SEBI (1 team), STIE Kesatuan Bogor (2 teams), Trisakti School of Management (2 teams), Airlangga University (2 teams), Bina Nusantara University (1 team), Diponogoro University (1 team), Pelita Harapan University ( 2 teams), University of Education Ganesha (1 team), University of Surabaya (2 teams), and University of Widyamandala (2 teams).

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Monday (5/3) the holding of the Main Round took place at the Faculty of Economics, University of Indonesia, Depok. Which consists of rounds namely Accountig Quiz and Amazing Race. The Accounting Quiz round consists of 3 rounds namely Multiple Choice (individual), Pandora Box (team), and Tic Tac Toe (team). While the Amazing Race round consisted of games provided by the committee and from each of the games the committee gave a multiple choice question that must be done first.

Tuesday (6/3) the 24 teams participating in the Indonesia Accounting Fair 2018 participated in the National Seminar at the Faculty of Economics, University of Indonesia, Depok. The National Seminar has 5 topics discussed, namely, The Overview of Leasing Contracts Under IFRS 16, Tax Implication On IFRS 16, The Implications To Lessors And Lessees, Accounting And Financial Reporting Framework For Bank Indonesia, And Strategic In Facing The Leases Standard.

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Wednesday (7/3) the 24 teams from the Indonesia Accounting Fair 2018 participated in the Open Discussion round which took place at KPMG, Jakarta. Open Discussion where each team will discuss the Sub Theme that has been given before.

Thursday (8/3) The 24 participating teams of the Indonesia Accounting Fair 2018 participated in IFRS 16 training at PricewaterhouseCoopers (PWC) Jakarta. The participants will be given training on how to identify lease agreements with IFRS 16, calculate the contract value of the lease agreement, and the effect of IFRS 16 on the financial statements.

In addition, on that day, there were announcements of 5 teams that will qualify for the final round, namely, Trisakti School of Management (2 teams), Bina Nusantara University (2 teams), and Pelita Harapan Union (1 team). The team that enters the final round is the team with the highest score accumulated from the Main Round, namely Accounting quiz, Amazing Race, Short Essay and Open discussion. Widyatama University has not had the opportunity to qualify for the final round.

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Friday (9/3) the event was closed with the announcement of the team that passed. For teams that qualify for the final round, they will be held at ACCA, Jakarta. Whereas for teams that have not had the opportunity to qualify for the final round, they will be given a visit by Company Visit to IDX Indonesia. The program continued with a Gala Dinner and an announcement held at Jakarta City Hall. The team won the Trisakti School of Management (1st place), Trisakti School of Management (2nd place), and Bina Nusantara University (3rd place).

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Refer : http://ekonomi.widyatama.ac.id/indonesia-accounting-fair-2018/

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