Public finance has become one of the most important branches of economics. In the report, which draws heavily from Ms. Stark’s Department of Finance e-mails, perhaps the most damning e-mail is one she sent in 2007 to an official at a luxury real estate company soliciting a rental apartment for the woman then registered as her domestic partner, just two weeks after the company, Glenwood Management Corporation, had been notified that it had received a $17 million reduction in the assessed valuation of one building.
The Department actively participates in comprehensive analysis and assessment of risks in various application areas including financial risk management, derivatives, credit risk, default models in finance, black swans and rare events finance, financial regulation, global-finance, multi-agents finance, behavioral finance and fractional finance, Digital currencies, financial analytics and big data etc.
A financial controller (who is responsible for the routine accounting duties & providing accounting reports for other departments), a Management Accountant (who is responsible for the company’s cost accounting, budgets & budgetary control & financial management of its projects) & a Treasurer (who is responsible for raising funds for the company through borrowing, investing surplus funds in the money markets & arranging for the company’s long term finance).
I do, however, enjoy demystifying the sector and helping others undertake their own explorations of it. We often view finance as a niche area characterised by numbers, complex graphs, and professionals wielding obscure techniques, but the sector is in fact underpinned by human relationships, power dynamics and philosophical concepts that we all intuitively understand.
Hal yang membedakan adalah: laporan Accounting harus diaudit oleh KAP, jika di Finance transaksi berjalan atas logika pasak dan tiang”, maka di Accounting transaksi berjalan di atas hukum dan perundang-undangan yang berlaku, harus sesuai dengan PSAK, dan jika berhubungan dengan pajak harus dilihat bagaimana peraturan perpajakan mengatur transaksi tersebut.