UNIVERSITAS INDONESIA

FACULTY OF ECONOMICS AND BUSINESS

ACCOUNTING DEPARTMENT
MASTER OF ACCOUNTING PROGRAM

SYLLABUS
RISK MANAGEMENT
ECAM801207
EVEN SEMESTER 2023/2024

No. Lecturer E-mail

1 Dr. Chaerul D. Djakman S.E., Ak., chaerulext@gmail.com
MBA
2 Purwatiningsih S.E., Ak., MBA., purwatiningsih.mba@ui.ac.id
DEA., Ph.D
3 Dr. Vera Diyanti S.E., M.M. Veranabila1@gmail.com

Subject Code ECAM801207

Subject Title Risk Management
Credit Value 2
Pre-requisite/
Co-requisite/
Exclusion
Role and Purposes The subject is given to provide students with knowledge, skills, ability and best practice
insight to apply risk management in many industries. After finishing the subject, students
capable :
1. Analyze the planning and implementation of risk management process
Subject Learning INTEGRATION (CG3): Students are able to integrate accounting, business, and finance
Outcomes knowledge with other organizational areas:
3.1. Students are able to evaluate accounting, business, and finance-related
issues and their impact on managerial decision making process

3.1.3. Students are able to evaluate an organization’s risks and opportunities using a risk
management framework.

Subject Synopsis/
Indicative Syllabus Week Topic LO Required
# Reading
1 Introduction to Risk Management: 1. OCEG Redbook 3.0
• The Concept of Chapter 1 (Page 1-12)
Governance, Risk, and 2. COSO ERM 2017,
Compliance Chapter 1 & 2
 • Terminology, Concepts and 3. ISO 31000 (2018),
Scope of Risk Management Introduction,
• Three Lines Model Chapter 3
4. Three Lines
Model IIA 2020
5. Harvard Business
Review - Managing
Risks: A New
Framework

2 Fundamental of ERM: 1. COSO ERM

• ERM Framework 2017, Chapter 5
• Risk Management Process 2. ISO 31000
Case Studi (2018), Chapter 4-6
Implementasi Kerangka ERM
Di Salah satu Perusahaan Tbk -Non Bank
Kaitkan dengan 3 Lines Model

Sumber : Laporan Tahunan Perusahaan

tahun 2022

3 ERM Tools and Method: 1. COSO ERM

• Risk Capacity, Risk 2017, Chapter 7
Appetite, Risk Tolerance, 2. COSO Risk
and Risk Limit Appetite – Critical to
Case Studi Success
Kasus di salah satu Perusahaan yang
published
4 Risk Identification 1. COSO ERM 2017,
 Risk Assessment and Considerations Chapter 8 – Principle
 Risk Causes 10
 Case Studies 2. ISO 31000 (2018),
Case Studies: Chapter 6.4.2
Kasus di salah satu Perusahaan yang 3. LAM chapter 13 –
published phase 2

5 Risk Assessment and Prioritization 1. COSO ERM 2017,

• Risk Likelihood and Impact Chapter8 – Principle
• Risk Evaluation 11-12
• Risk Prioritization 2. ISO 31000 (2018),
Chapter 6.4.3- 6.4.4
• Case Studies 3. LAM, chapter 13 –
Kasus di salah satu Perusahaan yang phase 2
published
6 Risk Response 1. COSO ERM 2017,
• Risk Response Considerations Chapter 8 – Principle
• Risk Response Selection 13
• Case Studies 2. ISO 31000
Kasus di salah satu Perusahaan yang (2018), Chapter
published 6.5
7 Risk Culture 1. LAM, Chapter 6
2. Risk Culture: -
• Risk Culture Model – IRM
Resources for
• Case Studies Profesionals
Kasus di salah satu Perusahaan yang 3. Risk Culture in
published Financial
 Organization
4. FSB Risk
- Culture

8 Integration of Performance 1. COSO KRI Paper

Management & Risk Management 2. LAM, Chapter 17

Case Study
Kasus di salah satu Perusahaan yang
published
9 Trend watch: Update on current 1. HUNZ, Chapter 5
risk management practices

Case Study
Kasus di salah satu Perusahaan yang
published
10 The application of ERM in an organisation Guest Lecture
within selected sectors (e.g. Banking,
Insurance, Oil & Gas, etc.)

Teaching/Learning Facilitation is given with emphasis on the proportional discussion of risk management
Methodology and internal audit practice/case studies for each learning objective.

Discussion carried out in the form of presentations of practice/case analysis. In each

session, students were asked to explore the main issues and presents the highlights in
class as demonstration their competencies both in strategic and operational level.

Facilitators are expected to encourage students to conduct proactive discussion along

with a focus on building comprehensive analysis perspective and deliver alternative
solutions.

Plagiarism and Autoplagiarism are strictly forbidden, as stated in the Decree of Fakultas
Ekonomi UI No. 352/H2.F6.D1/HKP.02.04.SKD/2013 about the provisions of academic
sanctions for plagiarism and fraud in the writing of the Final Work, the Substitution
Paper, the Assignment, and the Exam

Assessment Specific Assessment % Intended Learning Outcomes to be Assesed

Method in Methods/Taks Weighting
Alignment with 1 2 3
Intended Learning Continuous Assessment 100
Outcomes INDIVIDUAL 80%
Mid Term Exam 25% V V
(LO Percentage in
exam)
Final Exam 25% v v
(LO Percentage in
exam)
Paper Individual I 10% v V
Paper Individual 2 10% v v
Individual Participants 10% v v v
GROUP 20%
Group Assignment 20% v v
Details of learning The learning methods used in this subject are:
method 1. Active Lecturing
Almost in all sessions and especially in specific sessions, the students will participate
in group discussion. The discussion was designed to apply their competencies to
solve some assignments. Each group will present the results of discussions with the
lecturer as facilitator. The discussion and presentations are through online learning
and expected to improve students’ conceptual understanding and its
implementation and speed up the learning curve, especially when they proactively
participate in other group presentation. Therefore, students shall read the
required readings before the class.

2. Group Presentation and Discussion

Students are divided into 4 (six) groups. Each group is assigned to discuss a
certain topic and case (off the class) – one before and one after the mid-term
, and then present the topic/case in the class. The presentation should be
concisely delivered within 30-40 minutes. After the group presentation, the
session is followed by Q&A and discussion. Students are strongly encouraged
to participate in the discussion.

3. Mid-term and Final Exams

Students have to attend the class sessions at least 80%, otherwise you are not
allowed to take the mid-term exam and/or final exam. The rules and
procedures of the exams are to be announced later on.

4. Guest Lecturing
The invited guest lecturers will provide a lecture to the class based on
his/her/their practical experience guided by a moderator. Students are
encouraged to ask questions and discuss the topic with the guest lecturer(s).
Students are to submit an individual hand-written summary (+3 pages) – Max
3 hours after guest lecturing.

5. Individual Mid and Final Paper (Evaluating the Risk Management issue Issue
in a Company based on one of topics in this syllabus : Mid paper (topic
Before Mid Test ) and Final paper (Topic after Midtest )
On the day of the Mid and final exam, each student should submit a paper that
demonstrates the writing skills, reasoning and critical and analytical thinking
and covers a topic(s) that have been studied in the course. The paper format:
Times New Roman 12; 1.5 spacing; Max 20 pages (excluding the cover and
references).
Format :
Background of Case
Teori related to Case
Analysis and Conclusion

Summary of Learning Experiences:

1. Information Technology – Student will be exposed to the use of information
technology, including information gathering and knowledge for the case analysis
either from the internet or the library information system and submitting
presentation or case analysis report in that required processing by IT applications.
 2. Interpersonal Relations and Teamwork – Students will be divided into groups, each
group should provide group case analysis required which required interpersonal and
teamwork skills.
3. Study in diverse and multicultural environment – the Master of Accounting program
upholds equality in all aspects, accepting students from all cultural backgrounds with
diverse almost in all aspects, student required to manage diversity properly and
respect each other.
4. Reflective Thinking – Students are required to provide short explanations on what
they think they have acquired by attending this class. This reflective short essay
should be submitted to the program on the day of the midterm and final term exams.

Student Study
Effort Expected Class Contacts:
Lectures 10 Hours
In-Class Discussion 15 Hours
Other student study effort:
Preparation for structured group assignment 5 Hours
Individual study effort 14 Hours
Total 44 Hours

Reference Main Reading:

1. OCEG Redbook – GRC Capability Model Version 3.0
2. COSO – Enterprise Risk Management Integrating with Strategy and
Performance (2017)
3. ISO 31000:2018 – Risk Management Guidelines
4. Implementing ERM: From Methods to Application, 2017, James Lam
(LAM)
5. Harvard Business Review - Managing Risks: A New Framework (June
2012) by Robert S. Kaplan & Anette Mikes
6. COSO: Risk Appetite – Critical to Success (2020)
7. COSO KRI Paper – Developing Key Risk Indicators to Strengthen
Enterprise Risk Management – (2010)
8. FSB - Guidance on Supervisory Interaction with Financial Institutions on Risk
Culture (2014)
9. Enterprise Risk Management – Modern Approaches to Balancing Risk and
Reward, 2019, Stefan Hunziker, SpringerGabler (HUNZ)
10. The IIA’s Three Lines Model – An update of the Three Lines of Defense
(2020)