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
|✔ Applicable||How instructors' work experience benefits the course|
|Practical learning through real case|
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||Accounting as the “language of business”||Understand the overview of financial accounting.|
|Class 2||Steps in the recording process (1)||Understand definition of accounting transaction, and basic rule of bookkeeping.|
|Class 3||Steps in the recording process (2)||Understand accounting-specific wording, and how to record various transactions.|
|Class 4||Accrual accounting and income determination (1)||Understand depreciation and rules of inventory evaluation.|
|Class 5||Accrual accounting and income determination (2)||Understand closing adjustments and how to compile balance sheet and income statement.|
|Class 6||Mid-term exam||Mid-term exam that covers topics studied.|
|Class 7||Review of the first half||Follow-up of mid-term exam|
|Class 8||Basic financial statements (1)||Understand the components of balance sheet.|
|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||Group work||Financial statement analysis using real cases.|
|Class 13||Financial statement analysis presentation||Group presentations and discussions.|
|Class 14||Review||Further understanding of the issues studied.|
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.
Handout will be available through OCW or other media.
Ito, K., Accounting, Theory and today, Nikkeibooks, 2018.
Assignments 60% Mid-term/Final exam 30% Class participation 10%
Contact by e-mail in advance to schedule an appointment