Accounting I (Financial Accounting)

Course Objectives

This is an advanced accounting course that is meant to be taken after completing the Essentials of Accounting and/or The Essentials of Finance. Or if you take the course immediately you are required to have a basic understanding of the structure/rules of financial statements, indicator analysis, accounting principles/policies, accounting frameworks, and analytical methods.

The objective of this course is to learn how managers use financial information to make decisions by understanding how to identify and solve problems, and how corporate strategies affect a company financially.

In this course students will:

  • Be required to have a basic understanding of the structure/rules of financial statements, indicator analysis, accounting principles/policies, accounting frameworks and analytical methods as well as of finding problems and offering solutions.
  • Practice using their own business experience in cases studies

This course is intended for those who want to master accounting as a “common business language” and develop the ability to read financial statements and connect strategies with numbers.

 

Course Details

Programs: Full-time MBA, Part-time MBA, Pre-MBA
Discipline: Accounting and Finance
Course Level: Fundamental Course
Required/Elective Course: Required Course
Number of Credits: 1.5
Report: Day 4
Hours Per Class: 3 hours
Class Capacity: 35 (Part-time MBA)

 

Preliminary Recommended Courses

-Critical Thinking
-Essentials of Accounting

 

Theme/Reading Materials

Day 1
Session A
THEME Financial Ratios and Business Structure (Business Characteristics and Financial Ratio Analysis)
CASE ・The Financial Cockpit:Three Levers and One Flight Plan
Session B
THEME Financial Ratios and Business Structure (Business Characteristics and Financial Ratio Analysis) (Continued)
CASE ・BNL STORES
 
Day 2
Session A
THEME By understanding business structure and quantifying strategy through financial forecasting, students will grasp the whole picture of the decision-making process.
CASE ・ Jones Electrical Distribution
Session B
THEME By understanding business structure and quantifying strategy through financial forecasting, students will grasp the whole picture of the decision-making process. (Continued)
CASE ・ Jones Electrical Distribution
・ [Worksheet] Jones Electrical Distribution
 
Day 3
Session A
THEME Financial Ratios and Business Structure (Business Strategies and Financial Statements)
CASE ・ Play Time Toy Company
・ Play Time Toy Company: Worksheet
Session B
THEME Financial Ratio Analysis and Business Structure (Impact of Changes in Business Strategies on Financial Statements)
CASE ・ Play Time Toy Company
・ Play Time Toy Company: Worksheet
 
Day 4
Session A
THEME Business Forecasting (Business Strategies and Their Impacts on Financial Performance)
CASE ・The Boston Beer Company, Inc.
Session B
THEME Business Forecasting (Business Strategies and Their Impacts on Financial Performance) (Continued)
CASE ・The Boston Beer Company, Inc.
 
Day 5
Session A
THEME Compliance and Governance (Accounting Fraud)
CASE ・ Accounting Fraud at World Com
Session B
THEME Compliance and Governance (Accounting Fraud) (Continued)
CASE ・ Accounting Fraud at World Com

 
Day 6
Session A
THEME Compliance and Governance (Accounting Policies and Financial Statements)
CASE ・REVENUE AND EXPENSE RECOGNITION AT SALESFORCE.COM
Session B
THEME Compliance and Governance (Accounting Policies and Financial Statements) (Continued)
CASE ・REVENUE AND EXPENSE RECOGNITION AT SALESFORCE.COM

 

If you wish to start from the Pre-MBA,

Tuition Fee per course: 126,000 yen
Please find more about the Pre-MBA Program.

Course Schedule

Faculty

Akio Mori
Accounting and Finance
Throughout this course, I would like you all to gain more interest, excitement, and imagination toward business. Understanding accounting and tackling with financial analysis and strategy will surely help you to obtain perspectives from various players, including CEOs, lenders, equity investors and employees. At the end, you will have a wider basis of knowledge that will help you when making difficult decisions in the real world.
Masahiko Kon
Accounting and Finance, Management Philosophy
"One of the reasons for joining GLOBIS came from my personal challenging experience. When I started working at GE headquarters in the US, I had already obtained my CPA. I went in there excitedly and prepared a financial report, but the management who knew the operations of the company bluntly told me 'this is useless'. No matter how many accounting tools and numbers you organize, I felt there was no value if the people could not understand. I particularly felt that accounting needed to be useful for management. Since then, I recognized that, after all, people use the accounting tools, and true financial strategy cannot be implemented if the people were not ready to utilize it. One of the distinctive benefits of learning at GLOBIS is to be taught by faculty members who have literally survived and developed from countless battles in the international business arena. I want to educate people who will not limit their possibilities and who will excel globally."
Megumi Taoka
Accounting and Finance, Organizational Behavior and HRM, Specialization
"Mastering accounting as a common language of business has never been so relevant and exciting for us all. Accounting can serve as the global language, allowing us to travel anywhere and reach whomever we make business with. On the other hand, emotional intelligence, as the basis for effective organizational behavior, allows us to connect and collaborate on a deeper level. Interestingly, if you understand that accounting is merely a tool to translate basic human behaviors into numbers, you will see how nicely financial literacy and emotional intelligence complement each other in actual management practice. I get great joy out of conducting training in these two different but equally important MBA skills. Be prepared to be good at both, as that’s what it takes to be a leader."
Satoshi Ito
Accounting and Finance
During your studies at GLOBIS, it is important to keep clear goals in mind at all times. What you should aim to learn is not just academic knowledge, but practical skills and a mindset which can be used in real business situations. This is one of the core benefits of the GLOBIS MBA.

Faculty

Akio Mori
Akio Mori
Accounting and Finance
Throughout this course, I would like you all to gain more interest, excitement, and imagination toward business. Understanding accounting and tackling with financial analysis and strategy will surely help you to obtain perspectives from various players, including CEOs, lenders, equity investors and employees. At the end, you will have a wider basis of knowledge that will help you when making difficult decisions in the real world.
Masahiko Kon
Masahiko Kon
Accounting and Finance, Management Philosophy
"One of the reasons for joining GLOBIS came from my personal challenging experience. When I started working at GE headquarters in the US, I had already obtained my CPA. I went in there excitedly and prepared a financial report, but the management who knew the operations of the company bluntly told me 'this is useless'. No matter how many accounting tools and numbers you organize, I felt there was no value if the people could not understand. I particularly felt that accounting needed to be useful for management. Since then, I recognized that, after all, people use the accounting tools, and true financial strategy cannot be implemented if the people were not ready to utilize it. One of the distinctive benefits of learning at GLOBIS is to be taught by faculty members who have literally survived and developed from countless battles in the international business arena. I want to educate people who will not limit their possibilities and who will excel globally."
Megumi Taoka
Megumi Taoka
Accounting and Finance, Organizational Behavior and HRM, Specialization
"Mastering accounting as a common language of business has never been so relevant and exciting for us all. Accounting can serve as the global language, allowing us to travel anywhere and reach whomever we make business with. On the other hand, emotional intelligence, as the basis for effective organizational behavior, allows us to connect and collaborate on a deeper level. Interestingly, if you understand that accounting is merely a tool to translate basic human behaviors into numbers, you will see how nicely financial literacy and emotional intelligence complement each other in actual management practice. I get great joy out of conducting training in these two different but equally important MBA skills. Be prepared to be good at both, as that’s what it takes to be a leader."
Satoshi Ito
Satoshi Ito
Accounting and Finance
During your studies at GLOBIS, it is important to keep clear goals in mind at all times. What you should aim to learn is not just academic knowledge, but practical skills and a mindset which can be used in real business situations. This is one of the core benefits of the GLOBIS MBA.