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 & Online MBA, Pre-MBA
Discipline: Accounting and Finance
Required/Elective Course: Elective Course
Number of Credits: 1.5
Report: No Report
Class Capacity: 35

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
THEMEPurpose and Overall Picture of Finance
CASE

Interactive Lecture: Finance —2nd Edition—

— Unit1. Basic Concepts of Finance

GLOBIS Unlimited “Finance: Basics

Session B
THEMECash 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
THEMEHow 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
THEMEHow 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
THEMEDecision Making of Project Investment
CASE

Pandora Cosmetics Co.: Profitability Analysis for the Internet Channel

GLOBIS Unlimited “Finance: Business Value”

Session B
THEMEDecision 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
THEMEConcept 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
THEMEConcept 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
THEMEHow 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
THEMEHow 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
THEMEOther Topics about Enterprise Valuation
CASE

・ Interactive Lecture: Finance ―2nd Edition―

Unit 6. Other Topics about Enterprise Valuation

Session B
THEMEInvestment 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
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
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!
Toru Takahashi
Accounting and Finance, Global/Asia/Japan, Management Philosophy
Mr. Toru Takahashi serves as the Managing Director of GLOBIS International Education, providing global leader training programs to corporate clients around the world.  He also serves as the director of Singapore-based GLOBIS Asia Campus Pte. Ltd. and GLOBIS Thailand. As a corporate training instructor, he leads seminars on a range of topics, including establishing corporate strategy/philosophy during overseas expansion, in addition to strategy formulation, problem-solving and leadership related to the localization of overseas sites. 
Shigeo Kashijuku
Accounting and Finance
“How do you unleash your full potential? In my class, I aim for everyone to learn new things through intensive discussions with high caliber classmates and put them to practical use from tomorrow. Your goal is to be a professional manager or entrepreneur, not just a finance expert. You and I will invest a lot of time in the class and so aim to maximize positive NPV for everyone. I will do my best to make the class bright, fun and meaningful. See you at a class of Day 1.”

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!
Toru Takahashi
Toru Takahashi
Accounting and Finance, Global/Asia/Japan, Management Philosophy
Mr. Toru Takahashi serves as the Managing Director of GLOBIS International Education, providing global leader training programs to corporate clients around the world.  He also serves as the director of Singapore-based GLOBIS Asia Campus Pte. Ltd. and GLOBIS Thailand. As a corporate training instructor, he leads seminars on a range of topics, including establishing corporate strategy/philosophy during overseas expansion, in addition to strategy formulation, problem-solving and leadership related to the localization of overseas sites. 
Shigeo Kashijuku
Shigeo Kashijuku
Accounting and Finance
“How do you unleash your full potential? In my class, I aim for everyone to learn new things through intensive discussions with high caliber classmates and put them to practical use from tomorrow. Your goal is to be a professional manager or entrepreneur, not just a finance expert. You and I will invest a lot of time in the class and so aim to maximize positive NPV for everyone. I will do my best to make the class bright, fun and meaningful. See you at a class of Day 1.”
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