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

After the student's presentation based on the textbook, important issues with respect to several learning objectives in the chapter will be explained and supplemented by the instructor.
Exercises will be done to check comprehension, followed by feedback.
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.

2[オンライン/online]：Accounting and the Time Value of Money

Describe the fundamental concepts related to the time value of money.
Solve present value problems related to deferred annuities, bonds, and expected cash flows.

3[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.

4[オンライン/online]：Cash and Receivables(2)

Explain accounting issues related to recognition and valuation of notes receivable.
Describe how to report and analyze receivables.

5[対面/face to face]：Valuation of Inventories(1)

Understand 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.

6[オンライン/online]：Valuation of Inventories(2)

Identify special issues related to LIFO.
Determine the effects of inventory errors on the financial statements.

7[対面/face to face]：Valuation of Inventories(3)

Understand and apply the lower-of-cost-or-net realizable value rule.
Understand and apply the lower-of-cost-or-market rule.
Understand other inventory valuation issues.

8[オンライン/online]：Valuation of Inventories(4)

Determine ending inventory by applying the gross profit method.
Determine ending inventory by applying the retail inventory method.
Explain how to report and analyze inventory.

9[対面/face to face]：Review and Exercise Session of Inventories.

Comprehend the valuation of inventories by doing exercises.

10[オンライン/online]：Acquisition and Disposition of Property, Plant, and Equipment(1)

Understand property, plant, and equipment and its related costs.
Describe the accounting problems associated with self-constructed assets.
Describe the accounting problems associated with interest capitalization.

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

Understand accounting issues related to acquiring and valuing plant assets.
Describe the accounting treatment for costs subsequent to acquisition.
Describe the accounting treatment for the disposal of property, plant, and equipment.

12[オンライン/online]：Depreciation, Impairments, and Depletion(1)

Understand depreciation concepts and methods of depreciation.
Explain special depreciation methods and other depreciation issues.

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

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

14[オンライン/online]：End of Term Exam

60 minute exam and feedback.

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 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 following criteria:
-Presentation based on text book (30%)
-Assignments and exercises (30%)
-End of term exam (40%)
Taking the end of term exam will not be allowed in the case of 4 absences or more.

Doing exercises and giving feedback after studying topics would help students comprehend better.

Presentation slides when assigned.

Although the method of teaching indicates face-to-face, I may provide face-to-face and online (hybrid) classes taking the situation of the student into account. For details, please check Hoppii 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 AccountingⅠcourse in advance is highly recommended. The course schedule is subject to change.

Introduction to Accounting, Intermediate AccountingⅠ