GBPGBP (Global Business Program)

This course is a sequel to Intermediate Accounting I. Topics that were not covered in Intermediate Accounting I will be covered.
The objective of this course is to provide students with a sufficient understanding of the theory and practice underlying the measurement and presentation of financial information in accordance with Generally Accepted Accounting Principles (GAAP). To help understand how GAAP is trying to measure and present business transactions in financial statements, underlying business transactions will be identified first and then technical details of GAAP will be explained.
In addition to learning accounting concepts，methods and rules, how management’s incentives can influence the decisions and estimates that are made when reporting financial statements will be discussed.

Students will be able to understand
・the business transactions and economic events that firms engage in
・how business transactions and economic events are recognized and measured in financial statements

This course is strongly related to the "DP1-2" diploma policy and fairly related to the "DP1-1", "DP2-1", "DP2-2" and "DP3" policies.

英語 / English

Students are required to read assigned materials prior to class. During class, basic concepts and important issues with respect to several learning objectives in the chapter will be explained by the instructor.
Exercises will be done to check comprehension, followed by feedback provided during class.
Students' active involvement is encouraged. Questions and comments are welcomed at any time.

あり / Yes

なし / No

授業形態/methods of teaching：対面/face to face

※各回の授業形態は予定です。教員の指示に従ってください。

1[対面/face to face]：Course Overview

・Explain course schedule and assigned materials
・Review accounting cycle learned in Intermediate Accounting Ⅰ

2[対面/face to face]：Cash and Receivables (1)

・Indicate how to report cash and related items
・Define receivables and understand accounting issues related to their recognition
・Explain accounting issues related to valuation of accounts receivable

3[対面/face to face]：Cash and Receivables (2)

・Explain accounting issues related to recognition and valuation of notes receivable

4[対面/face to face]：Cash and Receivables (3)

・Explain additional issues related to accounts and notes receivable

5[対面/face to face]：Review and Exercise Session for Cash and Receivables

・Comprehend accounting issues related to cash and receivables by doing exercises

6[対面/face to face]：Valuation of Inventories

・Identify inventory classifications and different inventory systems
・Determine the goods and costs included in inventory
・Describe and compare the cost flow assumptions used to account for inventories

7[対面/face to face]：Review and Exercise Session for Inventories

・Comprehend accounting issues related to inventories by doing exercises

Week8[対面/face to face]：Acquisition and Disposition of Property, Plant, and Equipment (1)

・Identify property, plant, and equipment and its related costs
・Discuss the accounting problems associated with interest capitalization
・Explain the accounting issues related to acquiring and valuing plant assets

Week9[対面/face to face]：Acquisition and Disposition of Property, Plant, and Equipment (2)

・Describe the accounting treatment for costs subsequent to acquisition
・Describe the accounting treatment for the disposal of property, plant, and equipment

10[対面/face to face]：Review and Exercise Session for Acquisition and Disposition of PPE

・Comprehend accounting issues related to PPE by doing exercises

11[対面/face to face]：Depreciation, Impairments, and Depletion (1)

・Describe depreciation concepts and methods of depreciation
・Identify the accounting issues related to asset impairment

12[対面/face to face]：Depreciation, Impairments, and Depletion (2)

・Explain the accounting procedures for depletion of natural resources
・Demonstrate how to report and analyze property, plant, equipment, and natural resources

13[対面/face to face]：End of term test

・60 minute test

14[対面/face to face]：Test feedback and Wrap-up

・Provide test feedback and wrap-up the course

Assigned materials that will be covered should be read prior to class. It will be assumed that the required chapters have been read. Exercises will be given during class or as homework.
Students should prepare a presentation using PowerPoint slides when assigned. Preparatory study and review time for this class are 2 hours each.

INTERMEDIATE ACCOUNTING, by Kieso, Weygandt & Warfield, Wiley.

References will be provided when necessary.

The course grade is based on the following criteria:
-Submission of exercises done during class or as assignments (50%)
-End of term test (50%)
Taking the end of term test will not be allowed in the case of 4 absences or more.

Exercises and feedback are given after the completion of each topic to help students check their comprehension before the test.

A PC/Tablet is required when taking class as exercises and related materials are provided via Hoppii.

This course will be delivered face to face. For details, please check Hoppii Announcements before the start of this course.
Basic knowledge of financial accounting is necessary to understand and achieve the goal of this course. Taking the Introduction to Accounting and the Intermediate AccountingⅠcourses in advance is highly recommended.

Introduction to Accounting, Intermediate AccountingⅠ