Accounting is known as language of business as financial statements provide critical source of the information we need for making various economic decisions. This course consists of three parts (1)Overview of financial reporting, (2)Process of preparing financial statements, (3) Basics of financial statement analysis.
This course aims to develop students' ability to understand and analyze financial information effectively in real-world through practical and active learning with actual events and financial statements.
This intended learning outcome include
(1)Ability to explain the overview of financial reporting system
(2)Ability to prepare basic financial statements
(3)Ability to evaluate corporate operating performance with financial statement analysis
Financial statement analysis
|✔ Specialist skills||✔ Intercultural skills||✔ Communication skills||Critical thinking skills||✔ Practical and/or problem-solving skills|
This course uses lectures, case assignments, group work.
|Course schedule||Required learning|
|Class 1||Guidance||Understand the overview of this course.|
|Class 2||Accounting as the “language of business”||Understand the overview of accounting system.|
|Class 3||Steps in the recording process (1)||Understand definition of accounting transaction, and basic rule of bookkeeping.|
|Class 4||Steps in the recording process (2)||Understand accounting-specific wording, and how to record various transactions.|
|Class 5||Accrual accounting and income determination (1)||Understand depreciation and rules of inventory evaluation.|
|Class 6||Accrual accounting and income determination (2)||Understand closing adjustments and how to compile balance sheet and income statement.|
|Class 7||Basic financial statements (1)||Understand the components of balance sheet.|
|Class 8||Mid-term exam||Mid-term exam that covers topics studied in 1st to 6th session.|
|Class 9||Basic financial statements (2)||Understand the components of income statement.|
|Class 10||Basics of financial statement analysis (1)||Understand the overview of financial statement analysis.|
|Class 11||Basics of financial statement analysis (2)||Understand various financial ratios.|
|Class 12||Special lecture by a guest speaker||Understand actual usage in a real world.|
|Class 13||Group work||Group presentations and discussions.|
|Class 14||Group work||Group presentations and discussions.|
|Class 15||Wrap up||Overall review.|
Handout will be available at every class.
Ito, K., Accounting, Theory and today, Nikkeibooks, 2014.
Class participation 20% Assignments 40% Mid-term/Final exam 40%