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Financial Accounting: How to Prepare Financial Statements

Maastricht Summer School
Netherlands, Maastricht
Maastricht Summer School Netherlands, Bonnefantenstraat 2, 6211 KL Maastricht, The Netherlands
Tuition fee €299 per programme


Please note that this course will take place online.

This course will teach you how to record business transactions following double entry system and how to prepare financial statements—income statements and Balance Sheets similar to the ones reported by famous corporations such as Apple, Google, Microsoft available in www.finance.yahoo.com

After completing this course, students will be able to:
(a) understand basic accounting principles and book-keeping techniques to record financial transactions
(b) prepare T-accounts and Trial Balances
© prepare Income Statement and Balance Sheet following IFRS
(d) perform simple analysis on the financial statements to know the strengths and weaknesses of a firm from the perspectives of managers, shareholders, and bankers

After finishing this course, you will never have problems in determining debits & credits and understanding financial statements of big corporations such as Microsoft, Google, Apple, McDonalds etc.

Who should attend this course?
This course is suitable for:
• Current students of business studies at any level: bachelors and Masters
• Start-ups and new entrepreneurs who are already managing, or planning to open, a business
• Current and potential investors in stock markets
• Students who have already studied accounting but who would like to refresh their knowledge

Apart from short lectures, we will follow problem based learning (PBL) to make learning sessions interesting, enjoyable, and effective. We will emphasize on “learning by doing“ and working in groups and practicing with problems.

Course Duration and Dates
This is a one week course running from the 19th of July until the 23rd of July, 2021.

The number of credits earned after successfully concluding this course is the equivalent of 2 ECTS according to Maastricht University’s guidelines. For further information see the MSS terms and conditions


Recommend literature
No textbook is required to buy. As a reference, the course will use Weygandt, Kimmel and Kieso: Financial Accounting IFRS Ed. By Wiley.

Teaching methods
PBL (problem-based-learning).

Assessment methods
Class Participation; Quiz; in-class tests; homework; group work (presentation).

Financial Accounting, Income Statement, Balance Sheet, Financial Analysis

Not available for applying at the moment

Application deadlines apply to citizens of: United States

Not available for applying at the moment

Application deadlines apply to citizens of: United States