This year Indonesia Accounting Fair took place on February 17 to 21, 2014. This time, IAF brought out “Adoption IFRS 13 and IFRS 9 : implication and implementation in Indonesia” as its topic. IAF 15 chose this topic to increase awareness and knowledge of future accountants of the upcoming adoption of these 2 IFRS that will have great impact on industries in Indonesia, including banking, insurance, and securities industries. On, February 17th Indonesia Accounting Fair held its seminar at Auditorium FEUI that invited Danil S Handaya, Geger N Maulana, Rosita Uli Sinaga, Hamid and Djohan Pinnarwan. In the first session, Danil S Handaya from EY explained the overview of IFRS 13 and IFRS 9 also the new fair value measurement. In the second session, Geger N Maulana from PT BNI Life Insurance explained the implications and challenges insurance sector faces in adopting these 2 IFRS. The last session is consisted of talks from Rosita Uli Sinaga, Hamid and Djohan Pinnarwan. This seminar is closed by mini talkshow among the speakers about the future impact of IFRS 13 and IFRS 9 adoption from different point of views.
While on February 18th, 2 sessions of training were held at Ruang Seminar, 5th Floor, Central Library of Universitas Indonesia. The trainings were guided by two IFRS experts, John Edison Regalado and Merliyana Syamsul. Participants were trained valuation techniques and methodologies in measuring fair value, especially for financial instrument. In the last session, participants were also taught how to disclose informations regarding measurement of fair value in a financial statement and how to analyze it.
On Wednesday, participants were brought to Deloitte and Otoritas Jasa Keuangan for company visit. On the same day, the technical meeting for paper and accounting competition also Gala Dinner were held. On Thursday, 39 short-listed teams from accross Indonesia and tens of universities competed through series of tests. Not only written tests but teams had to go through series of stages in amazing race to bring out the best 8 teams that would be competing the next day.
On February 21st, finals for accounting competition and paper competition were held at Campus of Faculty of Economics. The best 5 teams of paper competition had the opportunity to present their papers about the readiness of a particular industry in Indonesia in facing implementation of IFRS 13 and IFRS 9. The semi-finals for accounting competition was case study prepared by IAF FEUI. For the final, 4 qualified teams were competing to gain most score from the 3 stages; ‘Cepat Tepat’, ‘Pandora Box’, and ‘Bid and Win’. IAF FEUI series of events was closed by announcement of competition winners and trophies presented to the winners.
Finally, SPA FEUI would like to congratulate the winners from IAF FEUI Accounting Competition and Paper Competition :
Accounting Competition 1st Winner
Universitas Surabaya ( team Albert etc )
Accounting Competition 1st Runner-Up
Universitas Parahyangan ( team Melissa etc )
Accounting Competition 2nd Runner-Up
STIE Trisakti ( team Susanty etc )
Accounting Competition 3rd Runner-Up
Universitas Surabaya ( team Liliani etc )
Paper Competition 1st Winner
Universitas Indonesia ( Fabiola & Chyntia )
Paper Competition 2nd Winner
Universitas Indonesia ( Anindya & Sunti )
Paper Competition 3rd Winner
Universitas Bina Nusantara
Congratulations to all winners and thank you for all participants of IAF FEUI 15! See you in IAF FEUI 16 and MAKE IT BLOOM!