• About UGM
  • SIMASTER
  • SINTESIS
  • Public Information
  • SDGs
  • English
    • Bahasa Indonesia
    • English
Universitas Gadjah Mada Universitas Gadjah Mada
Faculty of Economics and Business
  •  About Us
    • Overview
    • History of The Establishment
    • Mission & Vission
    • School Values
    • School Leadership
    • Senate Leadership
    • Department Leadership
    • Study Program Leadership
    • Unit Leadership
    • Faculty Advisory Board
    • Annual Report
    • Campus Facilities
    • Visual Identity
    • News Room
    • The 70th Anniversary
  • Academic Programs
    • Undergraduate Program
    • Master Program
    • Doctoral Program
    • Profession Program
    • Short Academic Programs
    • Professional Programs & Certification
    • International Undergraduate Program
    • International Doctorate in Business (IDB)
    • Academic Calendar
    • Rooms and Events
  • Faculty & Research
    • School Memberships
    • School Accreditation
    • International Networks
    • Faculty Members
    • Visiting Professor & Research Fellows
    • Professional Staffs
    • Publications
    • Published Journals
    • Working Papers
    • Fields of Study
    • Supporting Units
    • International Conference Partnership
    • Call for Papers
    • Community Service
    • Faculty Library
  • Admission
  • Home
  • Achievement

FEB UGM Student Team Wins Awards at the National Accounting Competition (NAC) 2024

  • Achievement
  • 20 September 2024, 17.12
  • By : Admin
NAC NAF UBB 2024

Faculty of Economics and Business Universitas Gadjah Mada (FEB UGM) achieved remarkable success in the National Accounting Competition (NAC) – National Accounting Fair (NAF) 2024. Held by the Accounting Student Association of the Faculty of Economics and Business, Universitas Bangka Belitung (HIMAKSI FEB UBB) on September 9-10, 2024, the FEB UGM teams brought home the first and third place awards.

Team HAH, consisting of accounting students from the class of 2022 – Adyatma Nur Shabri, M. Hilmy Naufal, and Hanggi Ridha Bagas Nirbita – secured first place. Meanwhile, the team The Kaliurangs, consisting of Alif Hasan Ramadhan (Accounting 2022), Alpha Daniel Pangihutan Simanjuntak (Accounting 2022), and Cynthia Fransisca (Accounting 2022), placed third.

The National Accounting Competition 2024 is part of the National Accounting Fair (NAF HIMAKSI FEB UBB), which includes accounting competitions open to all accounting students across Indonesia. About 42 teams participated in this competition, with the theme “Improve Accounting Skills Through NAC to Become a Qualified Young Professional Accountant”.

Adyatma shared that the FEB team won after going through four stages: preliminary, semifinal, final, and grand final. In the semifinals, each team was challenged to complete a real-time trading cycle via Zoom. In the following session, team members competed against each other for points. In the finals, each team was given an accounting case to solve in six hours, followed by a presentation to the judges. Teams also had to answer 30 multiple-choice questions on Kahoot.

In the Grand Final, teams had to answer true-false questions in a bidding point system. Five categories of questions were aligned with five PSAKs, and each type contained multiplier questions. This presented a unique challenge, as teams had to develop a strategy to assign points for each PSAK question accurately.

Adyatma admitted that their journey in the competition was more challenging than expected. They faced difficulties in the final round when dealing with a complex case involving financial instruments, specifically convertible bonds. “After a thorough analysis and extensive literature review, we realized the information provided was incomplete and contained misleading elements. Nevertheless, our team completed the case with limited information in less than six hours,” he explained.

Their hard work ultimately paid off, resulting in positive feedback from the judges and first place for Team HAH. Adyatma expressed immense gratitude and joy for their achievement, marking their first experience in an accounting competition with a victory that brought honor to UGM.

“For us, this is not only about winning but also about how we learn, grow, and strengthen our skills as accounting students. This achievement is a great start for us to compete in similar competitions in the future. We hope to continue this success and strive to win in upcoming competitions as well,” he said.

The Kaliurangs team shared similar sentiments and felt challenged by the case they were given. “Our case involved a special order where the company still had production capacity, but the special order was priced at market value. With the same contribution margin and accounting profit, the company faced the dilemma of accepting the order as there was no profit or loss to be made,” said Alif.

The victories of these two FEB UGM teams are expected to inspire other students to be bold and strive for excellence. With hard work and perseverance, anything is possible. Congratulations to Team HAH and The Kaliurangs for their NAC FEB UBB 2024 achievements!

Reportage: Najwah Ariella Puteri & Orie Priscylla Mapeda Lumalan 

Sustainable Development Goals

SDG 4 SDG 8 

Views: 274
Tags: SDG 4: Quality Education SDG 8: Decent Work And Economic Growth

Related Posts

Apia Dewi Agustin

The Story of Apia, PMDSU Scholarship Recipient and Best Graduate of the Master of Science in Accounting FEB UGM

Graduation Friday, 25 July 2025

Do you still remember Apia Dewi Agustin? Her name once captured the public’s attention with her inspiring story. This young woman from a remote village in Magetan Regency, East Java, successfully pursued her undergraduate degree and then continued her Master’s and Doctoral studies at the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), free of charge, thanks to her academic achievements.

Now, Apia has once again made her alma mater proud.

Primastuti Indah Suryani

Optimizing Social Media to Boost MSME Visibility

News Friday, 25 July 2025

Building a brand and reaching consumers no longer rely solely on conventional promotions. Social media has become a primary channel for shaping a business’s image.

Field Trip GSW 2025

GSW 2025 Invites International Students to Explore Industry and Art in Yogyakarta

News Friday, 25 July 2025

The clinking sound of metal echoes through a silver craft workshop in Kotagede, Yogyakarta. Skilled hands carefully hammer sheets of silver on a steel anvil.

Andar Danova L Goeltom

Green Jobs and Green Curriculum, the Key to Indonesia’s Tourism Future

News Thursday, 24 July 2025

Significant changes are taking place in the global tourism industry. Today’s travellers, especially younger generations and international tourists, are increasingly concerned about the environmental impact of their travel activities.

Latest News

  • The Story of Apia, PMDSU Scholarship Recipient and Best Graduate of the Master of Science in Accounting FEB UGM
    July 25, 2025
  • Optimizing Social Media to Boost MSME Visibility
    July 25, 2025
  • GSW 2025 Invites International Students to Explore Industry and Art in Yogyakarta
    July 25, 2025
  • Green Jobs and Green Curriculum, the Key to Indonesia’s Tourism Future
    July 24, 2025
  • Unemployment Rate Declines, FEB UGM Lecturer Says Decent Work Remains a Challenge
    July 24, 2025

Related Article

  • The Story of Apia, PMDSU Scholarship Recipient and Best Graduate of the Master of Science in Accounting FEB UGM
    July 25, 2025
  • Optimizing Social Media to Boost MSME Visibility
    July 25, 2025
  • GSW 2025 Invites International Students to Explore Industry and Art in Yogyakarta
    July 25, 2025
  • Green Jobs and Green Curriculum, the Key to Indonesia’s Tourism Future
    July 24, 2025
  • Unemployment Rate Declines, FEB UGM Lecturer Says Decent Work Remains a Challenge
    July 24, 2025
Universitas Gadjah Mada

Universitas Gadjah Mada
Faculty of Economics and Business

Jln. Sosio Humaniora No.1, Bulaksumur, Yogyakarta, Indonesia 55281

Map & Direction
More Contact Information

Department

  • Accounting
  • Economics
  • Management

Faculty Directory

  • Public Information
  • Room Management
  • Asset Management
  • Cemetery Management

Alumni

  • Alumni Community
  • Alumni Services
  • Tracer Study
  • Jobs & Internships
  • Scholarships

Social Media

© 2025 Faculty of Economics and Business UGM

DisclaimerSite Map

💬 Need help?
1
FEB UGM Official WhatsApp
Hello 👋
Can we help you?
Open chat