Finance I (Corporate Finance)

Course Objectives

This course is designed for students to learn the basic principles of corporate finance.  The objectives of this course are to apply financial theories to decision making in order to produce successful results, as well as understand additional aspects that must be considered. In this course, students will:

  • Engage in simulated decision-making exercises throughout the course
  • Deal with how to quantify the business activities by generating pro-forma financial statements
  • Analyze incremental cash flows and how funds are raised to make investment decisions
  • Develop judgement in investment decision such as M&A, both qualitatively and quantitatively

This advanced finance course is intended for those who want to use basic frameworks and analytical methods of finance to evaluate and formulate business plans, as well as implement financial strategy. It is recommended that students take this course after having taken “essentials” as a foundation. (Essentials of Accounting and Essentials of Finance).

 

Course Details

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

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

 

Recommended Preliminary Courses

- Critical Thinking
- Accounting I
- Essentials of Finance

 

Theme/Reading Materials

Day 1
Session A
THEMEConfirming basic Financial Framework and Principles
CASEN/A
Session B
THEMEIncremental Analysis of Cash Flow and Verification of Investment Economics
CASEWhirlpool Europe
 
Day 2
Session A
THEMEIncremental Analysis of Cash Flow and Verification of Investment Economics (continued)
CASEStryker Corporation: In-sourcing PCBs
Session B
THEMEIncremental Analysis of Cash Flow and Verification of Investment Economics (continued)
CASEHon Hai's Investment in Sharp
 
Day 3
Session A
THEMEThe Valuation Techniques and Financing Options
CASEIndustrial Accessories Ltd.
Session B
THEMEThe Valuation Techniques and Financing Options(Continued)
CASEIndustrial Accessories Ltd.
 
Day 4
Session A
THEMEValuation and Investment Decision
CASEAmerican Chemical Corporation
Session B
THEMEValuation and Investment Decision (Continued)
CASEAmerican Chemical Corporation
 
Day 5
Session A
THEMECapital Cost and Financial Policy
CASEMidland Energy Resources, Inc.: Cost of Capital
Session B
THEMECapital cost and financial policy (Continued)
CASEMidland Energy Resources, Inc.: Cost of Capital
 
Day 6
Session A
THEMEComprehensive Investment Judgment and Decision
CASEMonmouth, Inc.
Session B
THEMEFrom "Ownership" to "Use" : Characteristics of Subscription Models
CASEThe Transformation of Microsoft

 

Textbook (Please purchase the following textbook before the course starts.)

"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 !"
Tadahisa Saito
Creation
"A good manager need to have extensive management experiences and accurate understanding of various principles and frameworks of management which are effectively and organically integrated in order to tackle with various management problems he or she faces day to day. MBA education aims to first disassemble student’s practical knowledge and experiences, and then to integrate them with fundamental theories and frameworks underlying them so that he or she may make appropriate judgment and decisions on difficult and complicated management problems. I would like to emphasize that you should not leave what you have learned in each discipline or course stand alone but try to integrate them into one big ecosystem of management. Through your study at GLOBIS, I really look forward to seeing you metamorphose into really visionary leaders who create and innovate the societies by creating and renovating businesses with enhanced social corporate value."
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!
Yoshitaka Saeki
Accounting and Finance
Finance can be one of the most challenging courses in that it requires extensive quantitative analyses and an accurate output of numbers. At the same time, it is rewarding because finance is an essential tool for managers who want to create values and measure them. Effective managers need to be able to make decisions and communicate in terms of numbers. In my class, I try to bring in real-world settings through vigorous class discussions. The more you are committed, the more you’ll find your learning experiences rewarding.
Tomoki Takebayashi
Accounting and Finance
Mr. Takebayashi was trained as a US CPA and was engaged in M&A due diligence and advisory work at PricewaterhouseCoopers, and subsequently worked in various Finance functions at General Electric, including Commercial Finance, Controllership, FP&A, and Internal Audit. After obtaining his MBA from INSEAD in 2017, Mr. Takebayashi worked for McKinsey & Company NY office as a strategic consultant in the Finance industry. After returning to Japan, he has worked as the Vice President & COO for Kate Spade Japan and is currently the CEO for Bottega Veneta Japan & Guam. 

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 !"
Tadahisa Saito
Tadahisa Saito
Creation
"A good manager need to have extensive management experiences and accurate understanding of various principles and frameworks of management which are effectively and organically integrated in order to tackle with various management problems he or she faces day to day. MBA education aims to first disassemble student’s practical knowledge and experiences, and then to integrate them with fundamental theories and frameworks underlying them so that he or she may make appropriate judgment and decisions on difficult and complicated management problems. I would like to emphasize that you should not leave what you have learned in each discipline or course stand alone but try to integrate them into one big ecosystem of management. Through your study at GLOBIS, I really look forward to seeing you metamorphose into really visionary leaders who create and innovate the societies by creating and renovating businesses with enhanced social corporate value."
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!
Yoshitaka Saeki
Yoshitaka Saeki
Accounting and Finance
Finance can be one of the most challenging courses in that it requires extensive quantitative analyses and an accurate output of numbers. At the same time, it is rewarding because finance is an essential tool for managers who want to create values and measure them. Effective managers need to be able to make decisions and communicate in terms of numbers. In my class, I try to bring in real-world settings through vigorous class discussions. The more you are committed, the more you’ll find your learning experiences rewarding.
Tomoki Takebayashi
Tomoki Takebayashi
Accounting and Finance
Mr. Takebayashi was trained as a US CPA and was engaged in M&A due diligence and advisory work at PricewaterhouseCoopers, and subsequently worked in various Finance functions at General Electric, including Commercial Finance, Controllership, FP&A, and Internal Audit. After obtaining his MBA from INSEAD in 2017, Mr. Takebayashi worked for McKinsey & Company NY office as a strategic consultant in the Finance industry. After returning to Japan, he has worked as the Vice President & COO for Kate Spade Japan and is currently the CEO for Bottega Veneta Japan & Guam.