GBP (Global Business Program)

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Introduction to Accounting

Hirotsugu KITADA

Class code etc
Class code A5503
Year 2020
Faculty/Graduate school GBP (Global Business Program)
Previous Class title
Attached documents
Category 専門教育科目/Subjects of Business Administration
専門基礎科目/Introductory Subjects of Business Administration
Term 秋学期授業/Fall
Credit(s) 2
Day/Period 月4/Mon.4
Campus 市ヶ谷 / Ichigaya
Grade 1~4
Open Program
Global Open Program
Interdepartmental class taking system for Academic Achievers
Class taught by instructors with practical experience

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Outline and objectives

This course is designed to provide a basic understanding of accounting, including introductory accounting concepts, principles, and procedures. Specific attention will be devoted to the four financial statements and frameworks for understanding them, as well as ways in which to prepare financial data. Students will be expected to apply these skills to the analysis of real companies, and to interpret their respective financial statements accordingly. These cases will enable students to grasp the importance of accounting knowledge in the business world, to understand current events in terms of accounting measurements, and to communicate effectively with other professions.


Upon successful completion of the course, students should be able to:

- Analyze a company’s annual report
- Draw conclusions about profitability, efficiency, liquidity, and solvency
- Record basic debt-credit journal entries
- Prepare simple financial statements

Which item of the diploma policy will be obtained by taking this class?

This course is strongly related to the "DP1-2" and "DP2-1" diploma policies and fairly related to the "DP1-1" and "DP2-2" policies.

Default language used in class

英語 / English

Method(s)(2020年度はオンライン授業の実施に伴い、変更の可能性があります。変更は学習支援システム等で提示します。/Method(s) may change depending on the online lesson.Changes will be reflected in the Learning Management System, etc.)

- In case it is difficult to hold classes in the classroom due to COVID-19, we plan to hold classes using Zoom. However, some of you may not have internet access, so we will also record the class using Zoom. The recorded lessons will be available until the next class.
- You are required to submit a photo of homework assignments to Google Classroom after checking the answer yourself. The link to Google Classroom will be posted on Hoppii.
- After the review, new topics are explained by the instructor, followed by group discussions and/or case analysis. Active participation is strongly recommended especially during discussions and analysis.
- Japanese company financial statements are used in case analysis.
- Questions and comments are welcomed at any time on the Zoom and Google Classroom.

Active learning in class (Group discussion, Debate.etc.)

あり / Yes

Fieldwork in class

なし / No




- Basic concepts of accounting
- The four financial statements

Week2:Basic concepts of financial statement

- Basic financial analysis ratios,
- Accounting principles and standards

Week3:Balance sheet 1

- Assets
- Liabilities
- Shareholders’ equity

Week4:Balance sheet 2

- Liquidity and solvency ratio
- Trend and common-size analysis for balance sheet

Week5:Income statement 1

- Expenses
- Revenue

Week6:Income statement 2

- Profitability ratio
- Trend and common-size analysis for income statement

Week7:Intermediate exam

- Balance sheet
- Income statement
- Liquidity, solvency and profitability ratio

Week8:Statement of stockholders’ equity 1

- Common and preferred stock
- Par value and additional paid in capital

Week9:Statement of stockholders’ equity 2

- Retain earnings
- Treasury stock

Week10:Statement of cash flows 1

- Operating, investing and financing activities
- Direct and indirect method for computing cash flow

Week11:Statement of cash flows 2

- Interpret cash flow
- Trend and common-size analysis for cash flow

Week12:Inventory and property, plant and equipment 1

- Cash and cash equivalents
- Account receivable

Week13:Inventory and property, plant and equipment 2

- Inventory
- Property, plant, and equipment

Week14:Accounting cycle

- 10 steps of accounting cycle
- Debt-Credit journal entries

Work to be done outside of class (preparation, etc.)

Students are expected to spend an average of four hours preparing for this class, including answering assignments for each class.
• Readings and/or problems are assigned for each class. You should come to class prepared to discuss your analysis of the cases and its underlying problems. Regular class participation is critical to the learning process for both you and your classmates.
• Additional assignments will either be discussed in class or presented as additional cases for your benefit. I will disclose assignments for class discussion prior to their respective lectures.


Schoenebeck, K. P., & Holtzman, M. P. (2012). Interpreting and analyzing financial statements. Pearson Higher Ed.(6th Edition)


Nothing in particular however, students are welcome to access topics concerning this course and its objectives in other related texts. The instructor is at liberty to provide further materials during the course of instruction.

Grading criteria

Grades will be distributed according to the following weights:

Class Participation 20%
Midterm1 20%
Midterm2 20%
Final Exam 40%

Changes following student comments

I will cover less topics than last year to give more time to each to be covered.


Please note that if the number of students attending the first class
significantly exceeds expectation, the number of students who are
allowed to register for the course will be limited in order to effectively
manage the class. For this reason, if you are planning to take this
course, do not forget to attend the first class.