It was wonderful experience to be invited in the prestigious meeting held by American Accounting Association. The meeting was attended by Master students, Ph.D students, Researchers, Lecturers, Professors (especially Professor Wayne Thomas, the leading author of Intermediate Accounting textbook) and Practitioners from different institutions. I am able to present my paper about “New Accounting Regime to Serve National Interest”, “The…

On 25 December, I visited Lucerne. This place is really beautiful because it is basically lake area where it is surrounded by mountainous area. It gets more beautiful at night because you can see yellow light crossing the lake, view of the Chapel. I enjoy the way gets here by SBB train because it cross forest, mountain, village, lake etc.…

On 23 January I travelled Berlin from Utrecht Central, Netherland by SBB bus. The bus was really convenience because the soft sliding seat was provided with wireless connection, entertainment link to SBB movie and music etc. They also provided food and drink menu in the bus. It was about 7 hours, midnight from Utrecht central then we arrived in Berlin…

Ordinary Least Square is BLUE with 6 Assumptions should be met. The question: does the simple regression model can fulfil the assumption 3. The answer is depend on the variables weather it is exogenous or indigenous. Exogenous means that the variable influenced by many outside factor that cannot be control by the area of the model, let say the government…

The main principles of Corporate Finance: Investment Principle, Financing Principle (Capital Structure), Dividend Principle. In the Corporate Structures we have 3 types: Sole proprietorships, Partnerships, Corporations Role of Financial Manager are: Firm’s operations, Financial Manager, Financial Markets. The flow is from cash raised from investors, cash invested in firm, cash generated by operations, cash reinvested, cash returned to investors. Common Finance Terminology…

A chi-square distribution with k density function (k d.f.) describes what happen when you take k standard normal r.v’s, square them, and add them together. Density function is the number of values in the final calculation of statistic that are free to vary. Degree of freedom is the number of values in a study that are free to vary. For…

During the Induction of Indonesia Endowment Fund for education event, Irka was the moderator of the Indonesian ambassador for Trinidad and Tobago. This event was really inspiring story because aside from having huge responsibility as ambassador, she also do well as mother and wife.

Internal Audit could deal with the business process or supplier audit. Before jump to fieldwork, you need to understand the business process procedure of the specific department. In order to do that, you can listen or read and then conclude your understanding by drafting a flow chart or just follow the business process procedure existing chart. Look for the existing…

Come and visit Turkey because there are many beautiful places, the return ticket is about 6,000,000 Indonesian rupiah from Indonesia to Istanbul or around 90-100 return ticket from Edinburgh to Istanbul. There you can visit Istanbul upon your arrival, it only takes us about 30 minutes by M1A train from Istanbul Airport to Zeytinburnu, then change T1 from Zeytinburnu to…

I was joining the Accounting Technology forum in Australia, in this forum we discuss about the future of accounting world that enable computer to do automatic works or by artificial intelligence. The challenge is about the security and how it can replace the human works. where the accountant should work by then. Will it be completely changed by the machine…