Go Back to Basic™ Accounting Program
Master the principles. Lead the technology. A programme that develops accounting educators for the digital and AI era, so students understand accounting before they rely on software.
Not just teaching accounting. Shaping the next generation of accountants.
In an era of accounting software, e-Invoicing, automation and AI, the biggest challenge for educational institutions isn't teaching students to use technology. The real challenge is making sure students understand the accounting principles that technology is built on.
Many students can operate the software. Far fewer can explain:
This programme is built to help lecturers and instructors guide students to master accounting fundamentals before stepping into the digital and AI world.
Because technology keeps changing
Software changes, AI evolves, regulations are renewed. But accounting principles remain the foundation of every financial system. Students who understand the basics can master whatever technology comes next.
Software changes
Systems are replaced and upgraded constantly.
AI evolves
New tools appear every year.
New regulations
e-Invoicing, tax and reporting rules keep changing.
Four phases, from paper to AI
Manual accounting
Students work through the full accounting cycle using real documents.
Spreadsheets
Build an accounting system in spreadsheets and understand how data, formulas and reports connect.
Accounting software
Apply what they've learnt in industry accounting software, such as:
AI-based accounting
Learn how AI can be used professionally and responsibly in accounting.
Learning outcomes. After the programme, participants will be able to:
- Prepare accounting records manually
- Prepare financial statements
- Use spreadsheets
- Operate accounting software
- Use AI responsibly
- Solve real accounting problems
- Be better prepared for industry
Three simulated Malaysian companies
Unlike theory-only textbooks, the programme uses business simulations that reflect real practice in Malaysia.
Perabot Bekal Sdn. Bhd.
- Sales and purchases
- Cash book
- Bank reconciliation
- Payroll
- Fixed assets and accruals
- Financial statements
Perabot Buat Sdn. Bhd.
- Raw materials
- Work in progress
- Factory overheads
- Inventory
- Cost of production
Teknik Tulis Sdn. Bhd.
- Debtors
- Creditors
- Credit control
- Cash management
Training documents include:
Technology keeps changing. Accounting principles stay relevant.
The programme is grounded in Malaysian industry and business, taking into account:
A complete teaching module
- Teaching notes
- Practical exercises
- Case studies
- Assessment questions
- Assessment rubrics
- Business simulations
- Student working files
- Supporting documents
A proven teaching sequence: manual, then spreadsheet, then accounting software, then AI, so students understand the concept before they use the technology.
We don't train software operators. We develop accounting professionals.
Our vision: accountants who understand principles, educators who shape professionals, and graduates ready for the future.
Razali Abd Karim & Co. PLT (RAKC PLT)
Led by Encik Razali Abd Karim: Chartered Accountant, auditor, tax consultant and TVET accounting expert, with professional experience since 1991. Building the bridge between education, industry and AI technology.
Trusted by Kolej Vokasional lecturers
The best course for understanding accounting, especially for anyone with no background at all. Thank you En Razali, PB1 really helped me understand accounting in real industry.
Thumbs up to Xelfact team. PB 2011 is a practical, direct and great tool for a better understanding to the world of business accounting.
It helped me understand the accounting cycle, and gave real experience of doing accounting work the way it is practised in industry.
The course made us realise how different the theory we have been teaching in class is from practice in industry.
Simple, informative, effective. Indeed a very good course for those who will be joining the industry. I've been exposed to the basic bookkeeping. TQVM.
I have been an accounting teacher for 27 years. One of my greatest experiences was learning PB1 at Xelfact for the first time. It opened my eyes to how far my theory-based teaching was from what I gained from a 'great teacher', with excellent, practice-oriented record keeping.
Questions from institutions
What is the Go Back to Basic™ Accounting Program?
A programme that equips accounting lecturers and instructors to teach accounting principles first, then spreadsheets, accounting software and AI, using Malaysian business simulations.
Who is the Go Back to Basic™ programme for?
Accounting lecturers and TVET instructors at Kolej Vokasional, Politeknik, Kolej Komuniti, universities, Institut Kemahiran Malaysia, government training institutes and professional training centres.
What is the PB accounting simulation?
PB (including PB1 and PB 2011) is our hands-on simulation built around the records of Perabot Bekal Sdn. Bhd., a simulated trading company. It is part of the Go Back to Basic™ programme.
Bring Go Back to Basic™ to your institution
For Kolej Vokasional, Politeknik, Kolej Komuniti, universities and government institutes. Ask us for a proposal.