GMBAGlobal MBA Program

In this course, we study financial accounting. We start from basic accounting theory, i.e. what is accounting, who is the user of accounting information etc., and study how to prepare the financial statements and provide an analysis on the accounting information. We also study key areas in the financial accounting including business combination, consolidation for understanding the financial statements of listed companies. The objective of the class is to understand the basic accounting theory and improve the ability to analyze the accounting information provided by the listed companies.

The students will be able to read the accounting information of listed companies, provide the analysis, and achieve a base for discussing the accounting treatment in the complex area. The students will also be able to know the structure and management of accounts by using the accounting information. Through this class, the students are expected to achieve the basic level for the various accounting license examination.

Will be able to gain“DP1”and“DP2”.

英語 / English

This is a lecture type class. However, some part of the class is allocated to a group discussion on topics related to the lecture.
At each class quizzes and exams are also provided to confirm the students' understanding about the lecture.

あり / Yes

なし / No

※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。

Session 1：Introducing Accounting and Financial Statements

What is accounting?
Who are the users of accounting information?
Financial statements.

Session 2：Generally Accepted Accounting Principles

Who are the SEC, AICPA, FASB, and IASB?
What are Generally Accepted Accounting Principles(GAAP)?

Session 3：The Balance Sheet and its Components

Understanding the balance sheet.
Components of the balance sheet.

Session 4：The Income Statement

Understanding the income statement.
The presentation of income statement.

Session 5：The Double-Entry Accounting

The general ledger.
Trial balance.
Adjusting journal entries.

Session 6：The Corporation

The definition of corporation.
What is capital stock?
Capital structure.

Session 7：Using Financial Statements for Short-term Analysis

Using short-term ratios.
Current and quick ratio.
Working Capital.

Session 8：Using Financial Statements for Long-term Analysis

Earning data.
Quality of earnings.
Rate of return on investment.
Sales-based ratios or percetage.
Rate of return on investment.

Session 9：Preparing and Using a Statement of Cash Flows

What is a statement of cash flows?
The presentation of the statement of cash flows.

Session 10：Consolidated Financial Statements

Basis for consolidation.
Consolidation procedure.
Asset valuation.
Non controlling interest

Session 11：Accounting for Mergers

What is business combination?
Acquisition method.

Session 12：Budgeting

What is a budget?
Planning and control.
Advantage of budgeting.
Master budget.

Session 13：Audit and Auditors

What is an audit?
Types of auditors.
What is an internal control?
Why audits are useful to you?

Session 14：Last Examination

Examination is set out of the subjects studied at this course.

The students are expected to prepare by reading the corresponding area of the textbook before each class and review the handouts after each class(As a standard, 2 hours for preparation and 2 hours for review are required).

Wayne A. Label, Accounting for Non-Accountants 3rd Edition, 2018.

Wayne A.Label and Cheryl Kennedy Henderson, Study Guide and Workbook for Accounting for Non-Accountants 4th Edition, 2019.
IASB,International Financial Reporting Standards: Bound Volume, 2020.

Contribution to the class through participating to the discussion 30%, Short test 30%, Last examination 40%.

Not applicable.