Dhyah Setyorini, M.Sc., Ak., a lecturer in the Department of Accounting Education at the Faculty of Economics and Business, Yogyakarta State University (FEB UNY), has successfully earned her doctoral degree. She defended her dissertation titled "Determinants of the Effectiveness of SPI (Internal Supervisory Unit): Empirical Study in Universities in Indonesia." The defense was conducted before a board of examiners from Sebelas Maret University, earning her a Doctorate in Economics with a specialization in Accounting.

The examination team included Prof. Drs. Djoko Suhardjanto, M.Com. (Hons), Ph.D., Ak.; Dr. Setianingtyas Honggowati, M.M., Ak.; Dr. Wahju Widarjo, M.Sc., Ak.; and Prof. Dr. Abdul Halim, M.B.A., Ak., CA. Her dissertation was guided by a Promoter Commission comprising Prof. Dr. Rahmawati, M.Sc., Ak., CA as the Promoter, and Dr. Sri Hartoko, M.B.A., Ak., CA., along with Dr. Payamta, M.Sc., Ak., CPA as Co-Promoters.

Dhyah's research offers empirical insights into the factors influencing the effectiveness of SPI across state universities in Indonesia. Using data from 76 state universities and 174 respondents, she employed a simple random sampling technique. The data analysis was conducted using structural equation modeling with a partial least squares (PLS) approach. Her findings reveal that management support and SPI's involvement in risk management have a significant positive impact on SPI effectiveness, whereas transformational leadership does not show a significant positive effect.

These results shed light on key factors impacting SPI effectiveness within Indonesian state universities. Dhyah suggests that future research could benefit from incorporating in-depth interviews with respondents for a more comprehensive understanding and considering mixed-method approaches. She also emphasizes the importance of triangulating SPI performance data from the SPI’s perspective to provide a well-rounded view of SPI effectiveness. (fdhl)

The Faculty of Economics and Business (FEB) at Yogyakarta State University (UNY) celebrated its 13th anniversary on Saturday, June 22. The event, held in the Theater Room of the Masters and Doctoral Lecture Building (PMD), embraced the theme, "Optimizing Economic Resources to Realize UNY as a Glorious and Prosperous PTNBH." This theme highlights the critical role of FEB in advancing UNY's vision as a State University with Legal Entity (PTN-BH), striving for excellence, creativity, and sustainable innovation.

The celebration was attended by UNY's Chancellor, members of the FEB Academic Senate, vice chancellors, deans, the Postgraduate Director, UNY directorate directors, vice deans at FEB, partners, lecturers, education staff, members of Dharma Wanita Persatuan, and student representatives. A notable moment in the event was a scientific lecture delivered by Prof. Dr. Amir Mahmud, S.Pd., M.Pd., Dean of the Faculty of Economics and Business at Semarang State University.

Prof. Dr. Siswanto, M.Pd., Dean of FEB UNY, reaffirmed the faculty's commitment to actively contribute to national development, particularly in the field of comprehensive and balanced economic and business education. "We hope that FEB UNY will continue to be a higher education institution that provides significant benefits, supporting UNY’s ambition to become a leading educational university," he stated.

The theme, "Optimizing Economic Resources to Realize UNY PTNBH Jaya and Sejahtera," aims to inspire the entire FEB community to elevate the quality of education and research. With this theme, FEB UNY commits to producing graduates who are resilient, competent, and ready to make an impact both nationally and globally.

One of FEB UNY’s strategic initiatives is enhancing the management of study programs. This includes encouraging each program to achieve national and international accreditation. "We are working diligently to ensure our study programs are recognized globally, equipping our graduates to compete on the international stage," emphasized the Dean.

Beyond improving existing study programs, FEB UNY is also exploring the introduction of new ones to better align with industry needs. The proposed programs include Bachelor's degrees in Business Administration, Business Education, and Islamic Economics and Finance. "We believe these new programs will further strengthen FEB UNY's contribution to developing Indonesia's human resources," added Prof. Siswanto.

The anniversary celebration featured various activities, such as sports competitions, visits to retirees, health checks, and a formal ceremony attended by lecturers, staff, and students. The event served not only as a celebration but also as an opportunity for reflection and strategic planning. With the spirit of its 13th anniversary, FEB UNY aims to continue innovating and making a meaningful impact on economic and business education in Indonesia, while also contributing positively to society and national development.

In his address, UNY Rector Prof. Dr. Sumaryanto, M.Kes. AIFO, emphasized that the slogan "jayalembaganya" (glorious institution) should resonate both internally and externally. He encouraged collaboration among partners, alumni, and other stakeholders. "When 'jeneng' (reputation) rises, 'jenang' (prosperity) will follow. High performance leads to increased welfare and achievement," he remarked, acknowledging FEB’s successes, such as expanding opportunities for further studies among lecturers and staff, advancing functional positions, and optimizing the Theater Building for revenue generation.

During his scientific oration, Prof. Amir Mahmud highlighted the importance of optimizing university resources, which requires the active participation of all academic community members, including leaders, lecturers, and staff. "University leaders at all levels must provide full support and develop entrepreneurial skills to create solutions and innovations with economic value. Resource optimization can be achieved through institutional collaboration, diversification of academic services, asset optimization, and the development of business units," he explained. (Ln/Fd/Is)

From Wednesday to Saturday (15-18 May), the Student Executive Board (BEM) of the Faculty of Economics and Business (FEB) UNY sent seven delegates to the 1st Congress of the Indonesian Economics Student Forum (FMEI). Hosted by the Faculty of Economics and Business, University of Indonesia (FEB UI), the event centered on a Grand Conference and a Follow-up Plan.

FMEI serves as a platform for economics students across Indonesia to engage in discussions on critical national economic issues. This forum not only fosters active dialogue but also emphasizes practical solutions. Students critically analyze issues and propose policy-oriented inputs, which are then presented directly to government stakeholders. The theme of the 2024 inaugural congress was "Green Economy," held over four days and attended by representatives from 17 universities.

Hafidzun Shadiq, the Head of FMEI for 2023-2024, described the forum as a space for students to express their ideals, insights, and theories gained from academic studies. He emphasized that FMEI's mission aligns with advancing Indonesia’s economic progress. "We at Airlangga University stress the importance of the Green Economy in this FMEI. The government should focus more on this topic, as it’s crucial for the current economic landscape," Shadiq noted.

Echoing Shadiq's sentiments, Aji Fajar Ramdani, Head of BEM KM FEB UNY, highlighted the importance of the Green Economy in raising awareness among all stakeholders, especially policymakers. He stressed that the government has the power to implement economic policies that not only promote growth but also address social and environmental impacts.

The congress kicked off with a talk show, featuring opening remarks from Sandiaga Uno, Indonesia's Minister of Tourism & Creative Economy. The event continued with three main sessions: the initial grand deliberation, small forums, and the final deliberation with a follow-up plan. The first grand deliberation, led by Hafidzun Shadiq, an Accounting student at Airlangga University, set the stage for subsequent discussions. On the second day, smaller forums took place, focusing on topics through a chairman's forum, an external forum, and a castrate forum.

The congress culminated in the follow-up plan session, where students presented their discussion outcomes in the form of policy proposals to government representatives. This session was attended by Parjiono, Ph.D., a macroeconomic and international finance expert from the Ministry of Finance. The proposals were submitted in both presentation and hard copy formats, with Parjiono receiving them directly for further consideration. (bem)

As part of the UNY Equity program, the Faculty of Economics and Business (FEB) UNY hosted a visiting professor event, featuring Prof. Ruzita Binti Jusoh from Universiti Malaya. The event took place from Monday to Wednesday, May 20-22, 2024, as part of the Business Budgeting course. Held on the 2nd floor of the Masters and Doctoral Lecture Hall (PMD) at FEB UNY, the program aimed to provide students with in-depth knowledge and practical insights into business budgeting and corporate work practices. This event specifically targeted students from the 4th semester of the Accounting Study Program at FEB UNY.

The public lecture welcomed both undergraduate and graduate students from the Accounting program, offering them the opportunity to engage in discussions with Prof. Ruzita on the complexities of budgeting within the public sector. Through these discussions, students gained a deeper understanding of the challenges involved in creating budgets for public sector projects.

Prof. Ruzita's presentation also covered the concept of capital budgeting, an essential tool for making long-term investment decisions in projects and programs. Capital budgeting helps to prioritize projects over multiple years by following six key stages: identification, exploration, information gathering and acquisition, selection, financial analysis, and implementation and control. (fitria)