Financial Accounting Seminar

Semester Learning Plan.

Brief Description of the Course

This course aims to provide an understanding, unify and complete all accounting courses given
in the Accounting Department with an emphasis on financial accounting theory, and the basic
assumptions of accounting knowledge given in previous lectures. So this course is a deepening
of courses in the field of financial accounting, including accounting theory and auditing.
The objective of this Accounting Seminar is to understand financial accounting issues, including
those related to the convergence of Indonesian financial accounting standards with IFRS.
Besides, it is also directed to take a closer look at the phenomenon of research in the accounting
field and issues related to the convergence of Indonesia with IFRS which has been implemented
since 2012.
Lectures are carried out using participatory learning methods and seminars. Every week, except
the first week, for the first 8 weeks, students present the topic of the latest accounting standards
and subsequent material on the theories underlying financial accounting and capital market
research.
The learning process is carried out as follows
1. For personal assignments, each student personally must make a summary of the lecture,
in ilearn, which must be completed 2 days before the class.
2. For groups assignment, Students are asked to form groups, the number of group members
depends on the number of students. Each group that is not a presenter is required to make
at least 3 questions from the material discussed during lectures. The questions asked are
confirmatory and cause discussion, not exam questions.
3. In each lecture session, each group is required to make 10 questions and answers, the
questions are made in the form of multiple choice, which are directly answered by the
student group. Questions can be in the form of theories/concepts or cases. Every question
or question that is made must refer to books & references used during lectures, as well as
for the answers given must be with clear reasons. One of the group members was asked to
WAG also send this task also sent to ilearn.
4. In each session, 1 group was asked to take turns checking the questions and answers
made by other groups. This group is also tasked with checking questions that are double
or the same as other groups. If there are multiple questions, then the group that has the
same question as the other group will have fewer points.
5. Questions and answers assignments were collected 2 days before the lecture on the topic.
So that the assessor group can evaluate the assignment before class hours according to the
schedule.
6. At the beginning of the lecture, the assessor group must discuss the questions that have
been corrected and the other groups who make the questions have the right to respond so
that the discussion can run well.
 Discussion of the topic of each lecture is also carried out in the discussion forum on ilearn,
which is led by a presentation group. This forum discussion is carried out asynchronously for
3 days after the fixed lecture schedule, the value of the active discussion is individual.
Thus, each course material is assessed for both group and individual scores.

Course Planning
Topic list for Seminar
Week Seminar Topic References Presenter
1 Introduction
2 The basic concept of preparing and presenting PSAK No 1 & IAS 1, Group 1
financial statements as well as financial Ch 2 & 3 E&Y
accounting standards and their development.
Presentation of financial statements in accordance
with PSAK I – Revised 2018 and examples of
applications in the company.
3 Consolidated Financial Statements, in accordance PSAK 4, 15, 22 7 65. Group 6
with PSAK , and separate financial statements, the IFRS,
following are examples of their application in the Ch 6 & 7 E&Y.
company.
4 Financial Instruments: Recognition & PSAK 50, 55, 60 & Group
Measurement, and their presentation. 71. IAS & IFRS 10
5 Inventories and Biological Assets PSAK 14, 69, IAS 7 Group
IFRS, Ch 22 E&Y 12
6 Accounting for Assets, Tax Amnesty Liabilities PSAK 25 & 70, Group 8
IFRS
7 Revenue from Customer Contracts & Tax PSAK 72, IFRS Group
implications 11
8 Lease Accounting & Tax Implications PSAK 73, IFRS Group 3
9 Insurance contracts and tax implications PSAK 74 Group 9
10 Mid Term Exam
11 The Decision Usefulness Approach to Financial Ch 3 & Ch 4, Scott Group 4
Reporting & Efficient Securities Markets
12 The Value Relevance of Accounting Information Ch 5, Scott Group
& Article 13
13 The Measurement Approach on Decision Ch 6 & Ch 7, Scott Group 5
Usefulness & Measurement Application
14 The Efficient Contracting Approach to Decision Ch. 8 & Ch. 9, Scott Group 7
Usefullness & An analysis of Conflict
15 Executive Compensation & Earnings Management Ch 10 & Ch 11, Scott Group 2
16 Final Exam
Each topic of PSAK standards must be compared with International Financial Accounting
Standards (IFRS or IAS). Each standard must also be accompanied by a case from one of the
books in the reference. Cases are selected by the group of presenters a week before the lecture
starts.
References
1. Ikatan Akuntan Indonesia (IAI). 2018. Standar Akuntansi Keuangan (SAK) yang sudah
Konvergensi dengan IFRS. Juni.
2. Ernst & Young International Financial Reporting Group - International GAAP 2021_
Generally Accepted Accounting Practice under International Financial Reporting
Standards. 1-3-John Wiley & Sons (2020). (E&Y)
3. Scott, William, Financial Accounting Theory, 7th edition, Pearson Toronto. (sesi 9 – sesi
14). (Scott)
4. Epstein, Barry J. and Eva K. Jermkowicz. IFRS 2008 - Interpretation and Application of
IFRS, John Wiley & Sons, Inc. (Epstein)
5. Mirsa, Abbas Ali and Graham J. Holt. Practical Implementation, Guide and Workbook
for IFRS, 3rd edition, John Wiley & Sons, Inc. (Abbas).
6. Accounting Theory, 7th Edition Jayne Godfrey, Allan Hodgson, Ann Tarca, Jane
Hamilton, Scott Holmes ,John Wiley & Sons Publisher, ISBN: 978-0-470-81815-2)