Program Studi Akuntansi Universitas Katolik Parahyangan
Parahyangan Catholic University’s Accounting Study Program won a Competition Grant (Hibah Kompetisi) in the Ministry of Education and Culture’s Kampus Merdeka Competition Program in 2021. With regard to the achievement of this competition grant, Parahyangan Catholic University’s Accounting Study Program organized a series of activities, one of which was the debriefing and mentoring of the Accounting Competition Team by inviting accounting alumni and practitioners to deliver the materials for around 35 students of the Accounting Competition Team selected from the classes of 2018 and 2019.
The students gained a variety of knowledge experiences with current topics relevant to the competition and the future of the competition team in the workplace. On Tuesday, August 3, 2021, an online briefing was held by inviting Mr. Liuw Hary, S.E., CIA. He has very deep working experience in the banking sector. He has been in the banking world for more than 15 years. He began his career as an auditor at Bank Central Asia. After that, he worked for several other large banks, such as Bank Danamon, Bank CIMB Niaga, Bank HSBC Indonesia, and Bank Pemata. Currently, he serves as Risk Management Group Head at one of the banks in Indonesia.
On this occasion, he presented the theme of “Banking and Digitalization,” which certainly provided a lot of insights for the Accounting competition team of the Faculty of Economics, Parahyangan Catholic University. The session opened with a self-introduction, where he explained that he started his career at BCA as a management trainee with a management education background, and for more than 15 years he has been in the world of risk management and internal audit. After that, he continued the session with an explanation of banking, bank functions, the role of Bank Indonesia, the role of OJK, types of banks in Indonesia, types of banking products, banking conditions during the COVID-19 pandemic, and digital banks. The first session ended with a case presentation. Mr. Liuw Hary gave a case of 2 banking companies (Bank BCA and Bank Jago) with the share price and financial statements of each bank, and then the participants were divided into 2 groups with the assumption that if they wanted to invest, they had to choose which company to invest in and what the reason was, and that the bank was transparent.
The event continued with a discussion of inherent risk, residual risk, cost control, controlling effectiveness, risk when investing in various companies, risk appetite, risk tolerance, risk capacity, and risk universe. In relation to risk, there are four types of risk responses you can have. The first is risk acceptance, where you accept the risk without doing anything. The second is risk avoidance, where you take action to completely avoid the risk because it will be really detrimental. The third is risk transfer, where risk can also be transferred to third parties. The last is risk reduction, where you are trying to prevent risk with various precautions. He, who is familiar with the banking sector, also briefly explained that in the banking sector itself there are several risks, namely market risk, liquidity risk, operational risk, compliance risk, legal risk, reputation risk, and strategic risk. At the end of the session, Mr. Hary gave us an interesting case study to discuss and present.