2020 Financial Statement Analysis and Valuation

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Academic unit or major
Graduate major in Industrial Engineering and Economics
Instructor(s)
Nagata Kyoko 
Course component(s)
Lecture
Mode of instruction
ZOOM
Day/Period(Room No.)
Mon3-4(W9-425)  Thr3-4(W9-425)  
Group
-
Course number
IEE.D432
Credits
2
Academic year
2020
Offered quarter
1Q
Syllabus updated
2020/4/20
Lecture notes updated
-
Language used
English
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 read and discuss assigned research papers on corporate governance, earnings management, and corporate social responsibility. Integrating the lessons from business start-up simulation with empirical research findings helps students realize issues existing behind numbers.

Student learning outcomes

Students will have better understandings of the following issues:
- Management decisions and their consequences
- Effective use of financial metrics
- Incentives and conditions for earnings management
- 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.

Keywords

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 two to three 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 ・Aim of this course ・Forming students' team
Class 2 Small retail business case discussion ・Case discussion ・Practice round
Class 3 Start-up a retail business ・Evaluation of business opportunity ・Financing decision
Class 4 Business environment ・Short presentation and 2nd round
Class 5 Business planing and analysis 1 ・Short presentation and 3rd round
Class 6 Business planing and analysis 2 ・Short presentation & 4th round
Class 7 Business planing and analysis 3 ・Short presentation & 5th round
Class 8 Business planing and analysis 4 ・Short presentation & 8th round
Class 9 Business planing and analysis 5 ・Short presentation & 7th round
Class 10 Consequences of business decisions ・Short presentation & final round ・Lessons from business simulation
Class 11 The importance of reported earnings ・Short presentation and discussion ・The economic implications of corporate financial reporting"
Class 12 Earnings management ・Short presentation and discussion ・Dividend policy and earnings management across countries
Class 13 Corporate governance and the role of institutional investors ・Short presentation and discussion ・Does governance travel around the world?
Class 14 Corporate governance and CSR ・Short presentation and discussion ・Do institutional investors drive corporate social responsibility?

Textbook(s)

Reading suggestion will be available in class.

Reference books, course materials, etc.

Handout will be available via OCW-i.

Assessment criteria and methods

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

Related courses

  • IEE.D202 : Basic Accounting

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

Strong interests in the course subject.
Basic knowledge of accounting and corporate finance.

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