Basic Accounting for Beginners (1.0 ECTS)

Basic Accounting is a big challenge for the beginners of Business Studies (such as for IBMS in Netherlands). Often, this course is offered in the first semester when students are not yet comfortable with the new environment. As a result, many students find it difficult to get sufficient grades in Basic Accounting.

If you are going to study business this September, or had problems with Accounting last year, then you should seriously consider taking this course.

This course will not only solve your Debit-Credit problems forever but also help you understand related courses (such as Finance) better in later semesters. To tell you the truth, if you know the simple tool and techniques of debits and credits well, you will enjoy business studies.

Who should attend:

  • Current and prospective students of bachelor of business studies
  • Who studied accounting before but things (debits-credits) are not clear yet
  • Existing or prospective small business owners
  • Assistants/Interns in Accounting Departments

The aim of the course is to make you smart in completing the accounting cycle: Journal=>Ledger=> Trial Balance=> Income Statement=> and Balance Sheet.

Teaching method:

We will follow problem based learning (PBL) to make sessions interesting and enjoyable. That means, we will deal with problems and learn by solving those in the class or in groups. No worries, it will learn with fun.

Expected achievements:

After completing the course you should be able to:

    • How businesses are organized (kinds of different business organizations/corporations)
    • How to record business transactions following Accounting Equation
    • How to prepare Trial Balance to check mistakes in accounting cycle
    • How to prepare Income Statement to know the profits of a firm
    • How to prepare Balance Sheet to see the latest situation of the business

You should be happy seeing that your first semester Accounting is almost done!

 Planned sessions:

Day one: Accounting: Principles and Procedures

  1. Forms of Business Organization: sole proprietorship, partnership, limited company and corporations
  2. Basic Accounting Equation
  3. Recording transactions following double-entry system

Day two: Ledger Accounts

  1. What is and how to record business transactions
  2. How to transfer entries from Journal to Ledger
  3. How to prepare Trial Balance
  4. Rigorous practice (individual and groups)

Day three: Preparing Income Statements

  1. How to deal with adjusting entries
  2. How to prepare Income Statement
  3. Rigorous practice (individual and groups)
  4. Mini-test to test the progress
  5. Review of mini-test questions

Day four: Preparing Balance Sheet

  1. How to prepare Balance Sheet
  2. Rigorous practice (individual and groups)
  3. Mini-test with complete accounting cycle
  4. Review of the mini-test

Day five: How Accounting is done in practice using Accounting Software

  1. Practice, practice, and practice with different examples
  2. Competition among different groups
  3. How do accounting statements look like in real world? We will download Income Statements and Balance Sheets of famous companies such as Microsoft, Apple, Samsung, Google, from www.finance.yahoo.com and see if our work is the same as theirs. You will be amazed seeing those!
  4. Demonstration: How Accounting is done Online with an Accounting Software

Text: Weygandt, Kimmel and Kieso (2013) Financial Accounting IFRS Ed. Wiley. But no need to buy the book!

Instructor: Dr. G. Robbani (mdgolamr@yahoo.com); The Hague University of Applied Sciences, The Netherlands

Who is Dr. Golam Robbani

Currently Dr. Golam Robbani is teaching at the Hague University of Applied Sciences. He is the module coordinator of Financial Management and Corporate Finance. Formerly he was an Associate Professor of Finance and Banking at the University Rajshahi. Previously he taught at Maastricht University (2008-2014) Netherlands; Also taught short courses in Suriname, UK (Liverpool University-online) and Germany.

Dr. Robbani earned his PhD in Applied Economics from the University of Antwerp (Belgium); did MBA from AIM (Philippines); and completed Masters on International Law and Economics from World Trade Institute (Switzerland). Currently he is living in The Hague.

Dr. Robbani worked with United Nations University center for Comparative Regional Integration Studies (UNU-CRIS) for his PhD. Dr. Robbani is an “Excellent Tutor” recognized several times by Maastricht University for his excellent teaching quality.