COSMOPOLITAN College of Commerce and Technology introduced an Accounting Boardgame for its students from IT and Business Departments.
This uses accounting and finance concepts that benefit students even without accounting knowledge. Accounting is usually an uncomfortable subject for most students and that is why the Math Faculty is now using this new method of teaching accounting and finance.
This boardgame shows how transactions affect the Accounting Equation and also illustrates how net profit is derived.
This teaching method will make students understand the concept of accounting in a different and fun way. Scenarios of real life business operations are given and the students must solve them using the tools.
According to a press release, this boardgame creates more interest in students than the common classroom activities. This provides hands-on experience to the students and they are able to learn in an easy and simple way how companies transact business with banks, customers, suppliers and other stakeholders. This is suitable in learning bookkeeping, basic accounting and principles of accounting.
After trying the boardgame, Muhammad Azri bin Jasfry, Skills Certificate 2 Business Administration student, said, “It is very easy and fun to use. Honestly, I don’t like Accounting or anything with numbers, but I was surprised when I was able to enjoy doing it and solve exercises given by the lecturers. I wish my friends will also try this. It’s really cool.”