2023 Financial Statement Analysis and Valuation

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Academic unit or major
Graduate major in Industrial Engineering and Economics
Nagata Kyoko 
Class Format
Lecture    (Face-to-face)
Media-enhanced courses
Day/Period(Room No.)
Mon3-4(W9-425)  Thr3-4(W9-425)  
Course number
Academic year
Offered quarter
Syllabus updated
Lecture notes updated
Language used
Access Index

Course description and aims

This course aims to develop financial literacy, which is one of the essential abilities for any person in business and capital markets. The class starts with small retail business simulations. “Learning by doing” in a simple but practical setting gives students opportunities to gain better understanding of the consequences of managerial decisions through experiencing challenges that corporate managers face in running a business. In addition, class participants discuss various topics on corporate finance. Integrating the lessons from business start-up simulation with lectures on various financial topics helps students realize issues existing behind numbers.

Student learning outcomes

Students will have basic understandings of the following issues:
- Management decisions and their consequences
- Effective use of financial metrics
- Corporate governance and management decisions

Course taught by instructors with work experience

Applicable How instructors' work experience benefits the course
Addressing various issues in business practice.


Business decisions
Corporate governance
Corporate finance
Financial analysis
Earnings management

Competencies that will be developed

Specialist skills Intercultural skills Communication skills Critical thinking skills Practical and/or problem-solving skills

Class flow

This course will use a variety of methods including business game, readings, case assignments, and discussions, with special focus on group works. Teams of three to four students will be formed to participate class room activities and complete assignments including team presentations.

Course schedule/Required learning

  Course schedule Required learning
Class 1 Overview ・Survey to students
Class 2 What financial statements can tell us ・Short tentative team presentation & discussion
Class 3 Start-up a small business ・Short team presentation & discussion
Class 4 Financing decision ・Short team presentation & discussion
Class 5 Business plan ・Short team presentation & discussion
Class 6 Inventory management ・Short team presentation & discussion
Class 7 Cost Analysis ・Short team presentation & discussion
Class 8 Corporate Social Responsibility ・Short team presentation & discussion
Class 9 Payout policy ・Short team presentation & discussion
Class 10 Cash flow analysis ・Short team presentation & discussion
Class 11 Valuing a company ・Short team presentation & discussion
Class 12 Final presentation & discussion Final team presentation and discussion
Class 13 Final presentation & discussion Final team presentation and discussion
Class 14 Wrap-up Peer evaluation

Out-of-Class Study Time (Preparation and Review)

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.


No specific textbook. Reading suggestion will be provided if needed.

Reference books, course materials, etc.

Class materials will be available via T2SCHOLA.

Assessment criteria and methods

Course grade will reflect the following emphases:
- Homework/class assignments (60%)
- Class participation (40%)

Related courses

  • IEE.D202 : Basic Accounting
  • IEE.D302 : Corporate Finance
  • IEE.D203 : Marketing

Prerequisites (i.e., required knowledge, skills, courses, etc.)

Strong interests in the course subject.
Basic knowledge of accounting and corporate finance (not required but preferable).

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