Accounting I (Financial Accounting)

Course Objectives

This course targets those who want to master accounting as a “common business language” to express the state of a company’s business situation from the position of the management and to improve their ability to find problems and for decision-making using financial information. Prior to taking this course, 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 as well as of finding problems and offering solutions.

This course aims to take advantage of financial information in decision-making by management by understanding how corporate strategies appear on financial statements and considering where management problems are, how these problems should be solved, and how these problems should be changed based on financial information.

A case method course requires active class discussion among students augmented by thorough preparation. The cardinal rule of case reading is “imagination”, applying your own business experience to the contents of each case and putting yourself in the position of the leading character.

This course is intended for those students who wish to study accounting as a “common business language” that indicates the state of a company’s management situation from a business administration perspective, and improve their ability to identify problems and make decisions using financial information.

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

Click here to see a list of Preliminary Recommended Courses

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 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 3
Session A
THEME Business Forecasting (Pro-forma Financial Statements and Sensitivity Analysis)
CASE ・DRUTHERS FORMING LIMITED
Session B
THEME Business Forecasting (Pro-forma Financial Statements and Sensitivity Analysis) (Continued)
CASE ・DRUTHERS FORMING LIMITED
 
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.