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 & Online 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

12 weeks, every other week
Online/On-Campus
JPY 128,000
Fundamental

 

Preliminary Recommended Courses

-Critical Thinking
-Essentials of Accounting

 

Theme/Reading Materials

Day 1
Session A
THEMEFinancial Ratios and Business Structure (Business Characteristics and Financial Ratio Analysis)
CASE・The Financial Cockpit:Three Levers and One Flight Plan
Session B
THEMEFinancial Ratios and Business Structure (Business Characteristics and Financial Ratio Analysis) (Continued)
CASE・BNL STORES
 
Day 2
Session A
THEMEBy 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
THEMEBy 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
THEMEFinancial Ratios and Business Structure (Business Strategies and Financial Statements)
CASE・ Play Time Toy Company
・ Play Time Toy Company: Worksheet
Session B
THEMEFinancial 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
THEMEBusiness Forecasting (Business Strategies and Their Impacts on Financial Performance)
CASE・The Boston Beer Company, Inc.
Session B
THEMEBusiness Forecasting (Business Strategies and Their Impacts on Financial Performance) (Continued)
CASE・The Boston Beer Company, Inc.
 
Day 5
Session A
THEMECompliance and Governance (Accounting Fraud)
CASE・ Accounting Fraud at World Com
Session B
THEMECompliance and Governance (Accounting Fraud) (Continued)
CASE・ Accounting Fraud at World Com

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

Textbook

Lyn M. Fraser, Aileen Ormiston., 2016. Understanding Financial Statements, 11th Edition. Pearson

ISBN-10: 0133874036 / ISBN-13: 978-0133874037 

Mulford, Charles W., Comiskey, Eugene E., 2005. The Financial Numbers Game: Detecting creative accounting practices. New ed. Wiley

ISBN-10: 0471770736 / ISBN-13: 978-0471770732 

Anthony, Robert N., Hawkins, David F., Merchant, Kenneth A., 2010. Accounting: Texts and cases. 13th Revised ed. McGraw Hill Higher Education

ISBN-10: 007337959X / ISBN-13: 978-0073379593 

 

If you wish to start from the Pre-MBA,

Tuition Fee per course: 128,000 yen
Please find more about the Pre-MBA Program.

Course Schedule

Faculty

Akio Mori
Accounting and Finance
COURSES:
Accounting I (Financial Accounting)
Essentials of Accounting
Finance I (Corporate Finance)
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
COURSES:
Essentials of Accounting
Accounting I (Financial Accounting)
Power and Influence
Cross Cultural Management
Satoshi Ito
Accounting and Finance
COURSES:
Essentials of Accounting
Accounting I (Financial Accounting)
Accounting II (Managerial Accounting)

Faculty

Akio Mori
Akio Mori
Accounting and Finance
COURSES:
Accounting I (Financial Accounting)
Essentials of Accounting
Finance I (Corporate Finance)
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
COURSES:
Essentials of Accounting
Accounting I (Financial Accounting)
Power and Influence
Cross Cultural Management
Satoshi Ito
Satoshi Ito
Accounting and Finance
COURSES:
Essentials of Accounting
Accounting I (Financial Accounting)
Accounting II (Managerial Accounting)
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