The Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM) received more good news. On Saturday (23/09), two FEB UGM student teams achieved remarkable results in the Diponegoro Accounting’s Harmony (DASH) 2023 event. This is an accounting paper competition held by the Universitas Diponegoro Accounting Department Student Association. DASH 2023 carries the theme “Facing the Global Economic Shockwaves: Strategic Role of the Accounting Profession for Maintaining Financial Stability” to support the preparation of accounting practitioners who are more competent, adaptive, and resilient in facing the phenomenon of digitalization-driven business transformation. This competition consists of three stages: the abstract collection stage, the paper collection stage, and the main round.
The two teams are as follows.
- The Bircotem team, consisting of 2021 Accounting students, won first place: Alberta Sakanti Sitakara, Clara Alverina Laurensia, and Putri Nafisah Intani.
- The Roro Jonggrang team won third place, consisting of 2021 Accounting students: Nagma Nasywa Assegaf, Aulia Nurussyifa, and Alrienta Nur Aunillah.
The topic raised by the Bircotem Team in this competition came from the rise of sustainability issues, which have made the need for Comprehensive Corporate Reporting (CCR) or reports containing financial and nonfinancial information increasingly popular nowadays. However, the audit process for nonfinancial reporting has yet to be established, so there is a risk of fraudulent reporting of company activities. External auditors play a role in ensuring that the nonfinancial reports provided are accountable, complete, accurate, and transparent. “Therefore, our team conducted this research to analyze the role of external auditors and the challenges faced by external auditors in assuring CCR,” explained Intan as team leader.
Meanwhile, the Roro Jonggrang Team raised the financial technology subtheme and discussed the problem of online loans, commonly known as pinjol. According to Nasywa, as team leader, this topic was raised because pinjol is a problem that has yet to be resolved and continues to recur. In its analysis, the Roro Jonggrang Team examines this phenomenon from both illegal and legal perspectives. “Therefore, we analyzed the features of similar legal loans to be trimmed to make them more effective and efficient by utilizing the role of management accountants and external auditors,” added Nasywa.
These two papers helped make the Bircotem Team and Roro Jonggrang Team the ten best teams to qualify for the Main Round. At this stage, the ten teams presented their papers to the jury. The two FEB UGM teams qualified as one of the five best teams to advance to the Case Study stage. The remaining five teams presented the analysis results and ideas from the case study to the judges. Thanks to a hard-fought effort, the Bircotem and the Roro Jonggrang teams brought home the first- and third-place awards on Saturday, September 23, 2023.
“This was quite a challenging experience, because we were only given one night to analyze cases that we rarely study in lectures, then had to present them in front of the jury the next morning,” said Intan as Head of the Bircotem Team. Clara and Kara, as team members, also shared their experiences during the competition, which showed that critical thinking and public speaking skills were important keys to participating.
Congratulations to the Bircotem Team and the Roro Jonggrang Team for their brilliant achievements!
Reportage: Adella Wahyu Pradita
Sustainable Development Goals (SDGs)
