Essentials of Finance

Course Objectives

This course is an introductory course to finance that is designed for those who wish to enhance their decision-making ability based on applying financial knowledge in business. The course is not intended for finance specialists; it targets students who have already learned the basics of accounting. In this course students will:

  • Develop an overall understanding of finance
  • Be enabled to describe the role of finance in corporate management in their own words
  • Develop the ability to independently conduct basic financial analysis in business fields

This course is intended for students who have already learned the basic concepts of accounting and are studying finance for the first time.

 

Course Details

Programs: Full-time MBA, Part-time MBA, Pre-MBA
Discipline: Accounting and Finance
Required/Elective Course: Elective Course
Number of Credits: 1.5
Report: No Report
Class Capacity: 35 (Part-time MBA)

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

 

Recommended Preliminary Courses

- Essentials of Accounting

 

Theme/Reading Materials

Day 1
Session A
THEME Purpose and Overall Picture of Finance
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit1. Basic Concepts of Finance

GLOBIS Unlimited “Finance: Basics

Session B
THEME Cash flow and the time value of money
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit1. Basic Concepts of Finance

GLOBIS Unlimited “Finance: Basics

GLOBIS Unlimited “TVM (Time Value of Money)

GLOBIS Unlimited “Discount Rate

 
Day 2
Session A
THEME How to Measure the Value of Business/Project
CASE

Interactive Lecture: Finance —2nd Edition— 

— Unit 2. Present Value of Cash Flow and Investment Decision Lifestyle Laboratory

GLOBIS Unlimited “Finance: Basics”

GLOBIS Unlimited “Finance: Business Value”

GLOBIS Unlimited “DCF (Discounted Cash Flow)”

Session B
THEME How to Measure the Value of Business/Project (Continued)
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit 2. Present Value of Cash Flow and Investment Decision

GLOBIS Unlimited “Finance: Basics”

GLOBIS Unlimited “Finance: Business Value”

GLOBIS Unlimited “FCF (Free Cash Flow)”

 
Day 3
Session A
THEME Decision Making of Project Investment
CASE

Pandora Cosmetics Co.: Profitability Analysis for the Internet Channel

GLOBIS Unlimited “Finance: Business Value”

Session B
THEME Decision Making of Project Investment (Continued)
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit 3. Business Valuation and the Cost of Capital

GLOBIS Unlimited “Finance: Business Value”

GLOBIS Unlimited “WACC (Weighted Average Cost of Capital)”

 
Day 4
Session A
THEME Concept of Investment Risks
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit 4. Quantifying Risks and Discount Rates

GLOBIS Unlimited “Finance: Cost of Capital”

GLOBIS Unlimited “CAPM (Capital Asset Pricing Model)”

Session B
THEME Concept of Investment Risks (Continued)
CASE

Solomon Ltd. Interactive Lecture: Finance —2nd Edition—

— Unit 4. Quantifying Risks and Discount Rates

GLOBIS Unlimited “Finance: Cost of Capital”

GLOBIS Unlimited “CAPM (Capital Asset Pricing Model)”

 
Day 5
Session A
THEME How to Enhance Corporate Value
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit 5. Enterprise Value and Capital Structure

GLOBIS Unlimited “Finance: Cost of Capital”

GLOBIS Unlimited “Tax Shield”

Session B
THEME How to Enhance Corporate Value (Continued)
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit 5. Enterprise Value and Capital Structure Chihuahua Sauce Ltd.

GLOBIS Unlimited “Finance: Cost of Capital”

GLOBIS Unlimited “APV (Adjusted Present Value)”

 
Day 6
Session A
THEME Other Topics about Enterprise Valuation
CASE

・ Interactive Lecture: Finance ―2nd Edition―

Unit 6. Other Topics about Enterprise Valuation

Session B
THEME Investment evaluation comprehensive exercises
CASE ・ New Market Entry by Industry Plastics Ltd.

 

Textbook

Higgins, Robert C., 2019. Analysis for Financial Management. 12th ed. McGraw-Hill/Irwin. ISBN-10: 1259918963 / ISBN-13: 9781259918964

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

Masaru Hoshino
Masaru Hoshino
Accounting and Finance, Management Philosophy, Specialization
"Welcome to the world of Finance ! In my class, I emphasize how important AND interesting it is to learn Finance as a necessary tool for you to become a business leader. By mastering this exciting subject you will be able to deepen your understanding on how business practice is structured based on Finance concepts. For example, you can understand what a world class automobile firm aims for OTHER THAN improving production efficiency by employing the just-in-time inventory system. Yes, Finance makes you to see the business world in a much more exciting way !"
Daisuke Asahara
Daisuke Asahara
Accounting and Finance
The purpose of an MBA is not only to acquire knowledge but also to cultivate friendship, leadership and entrepreneurship. To build up those "ships," you have to get on the same "ship" and spend time with your classmates. Welcome to the class, our ship of learning!
Shunichi Yamada
Shunichi Yamada
Accounting and Finance
Finance is a kind of interaction between management and shareholders & banks. Management should be aware that they are managing precious capital contributed by shareholders & banks, and thus make decisions on behalf of them. We will learn valuation, investment and financing. Although there are many technical items in finance, I would like to focus on the qualitative background of why those technical items matter.