| 授業名 | FINANCIAL STATEMENT ANALYSIS |
|---|---|
| Course Title | FINANCIAL STATEMENT ANALYSIS |
| 担当教員 Instructor Name | Frendy |
| コード Couse Code | NUC275_N18A |
| 授業形態 Class Type | |
| 単位 Credits | |
| 言語 Language | EN |
| 学位 Degree | BSc |
| 開講情報 Terms / Location | 2018 UG Nisshin Spring |
授業の概要 Course Overview
Misson Statementとの関係性 / Connection to our Mission Statement
授業の目的（意義） / Importance of this course
The Financial Statement Analysis course is designed to prepare students to effectively analyze and interpret information contained in financial statements. This course explores financial analysis topics with emphasis on understanding the structure and relationships among financial statements and how alternative accounting methods affect those statements. Students will learn how to use financial statements to evaluate the company’s prospects and risks for the purpose of making business decisions. This course is designed primarily for students who expect to read and employ information presented in financial statements as part of their professional responsibilities.
Course Objectives:
• Understand financial statement analysis concepts, techniques, and practices which include financial reporting standards, financial statements quality, and financial analysis techniques.
• Evaluate how financial statement analysis helps managers and external financial statements users evaluate the performance of the reporting entity.
• Assess overall company success and failure using financial statement analysis techniques and tools.
• Apply statement analysis techniques and tools to real-world annual reports.
• Present and write comprehensive financial statement analysis.
Course Objectives:
• Understand financial statement analysis concepts, techniques, and practices which include financial reporting standards, financial statements quality, and financial analysis techniques.
• Evaluate how financial statement analysis helps managers and external financial statements users evaluate the performance of the reporting entity.
• Assess overall company success and failure using financial statement analysis techniques and tools.
• Apply statement analysis techniques and tools to real-world annual reports.
• Present and write comprehensive financial statement analysis.
到達目標 / Achievement Goal
本授業の該当ラーニングゴール Learning Goals
*本学の教育ミッションを具現化する形で設定されています。
LG1 Critical Thinking
LG4 Effective Communication
LG4 Effective Communication
受講後得られる具体的スキルや知識 Learning Outcomes
After completion of the course, students are expected to be able to:
1. Understand the role of financial statement analysis in the context of business decision makings.
2. Use financial statement analysis to evaluate and solve business and accounting problems.
3. Apply analytical tools and techniques to general purpose financial statements and related data to derive estimates and make inferences useful in business decisions.
1. Understand the role of financial statement analysis in the context of business decision makings.
2. Use financial statement analysis to evaluate and solve business and accounting problems.
3. Apply analytical tools and techniques to general purpose financial statements and related data to derive estimates and make inferences useful in business decisions.
教育手法 Teaching Method
| 教育手法 Teaching Method | % of Course Time | |
|---|---|---|
| インプット型 Traditional | 60 % | |
| 参加者中心型 Participant-Centered Learning | ケースメソッド Case Method | 40 % |
| フィールドメソッド Field Method | 0 % | 合計 Total | 100 % |
事前学修と事後学修の内容、レポート、課題に対するフィードバック方法 Pre- and Post-Course Learning, Report, Feedback methods
Student’s Responsibilities:
1. Class sessions will be used by the lecturer to confirm students’ understanding of the material. Individual homeworks, papers and presentation slides should be submitted at the beginning of each class meeting.
2. Students are expected to attend all scheduled class meetings. Class sessions should not be missed unless an emergency situation takes place, in which case students should notify the instructor via email before class.
3. Use of phone, tablet, smart watch and other communication devices for purposes other than learning are strictly prohibited during class.
4. Students are expected to have access to email and to check it frequently. Email will be used to send announcements to the class as needed. The syllabus, lecture slides, and other pertinent information might be sent by email.
Comprehensive Financial Statement Analysis Report and Presentation:
Students are expected to present a comprehensive financial statement analysis of a publicly listed company’s annual report of their choosing at Week 14 of the course. The final group report represents 20% of the total grade. The instructor will confirm the selection of the annual report at Week 7 of the course. For this term assignment, the class will be divided into groups of two to three students.
Each group should submit both the Financial Statement Analysis Report and Presentation slides at the beginning of Week 14 class. The report should be delivered by hand to the instructor in the classroom, 10 A4 sheets max (single space) with no prescribed format. The presentations should be presented for 10 minutes followed by a 5 minutes Q&A session.
Academic Integrity:
Academic integrity is essential to ensure genuine learning. There is no tolerance for plagiarism or academic dishonesty in any form, including, but not limited to, viewing the exams of others, sharing answers with others, using books or notes while taking the exam, copying answers or papers, or passing off someone else’s work as one’s own.
1. Class sessions will be used by the lecturer to confirm students’ understanding of the material. Individual homeworks, papers and presentation slides should be submitted at the beginning of each class meeting.
2. Students are expected to attend all scheduled class meetings. Class sessions should not be missed unless an emergency situation takes place, in which case students should notify the instructor via email before class.
3. Use of phone, tablet, smart watch and other communication devices for purposes other than learning are strictly prohibited during class.
4. Students are expected to have access to email and to check it frequently. Email will be used to send announcements to the class as needed. The syllabus, lecture slides, and other pertinent information might be sent by email.
Comprehensive Financial Statement Analysis Report and Presentation:
Students are expected to present a comprehensive financial statement analysis of a publicly listed company’s annual report of their choosing at Week 14 of the course. The final group report represents 20% of the total grade. The instructor will confirm the selection of the annual report at Week 7 of the course. For this term assignment, the class will be divided into groups of two to three students.
Each group should submit both the Financial Statement Analysis Report and Presentation slides at the beginning of Week 14 class. The report should be delivered by hand to the instructor in the classroom, 10 A4 sheets max (single space) with no prescribed format. The presentations should be presented for 10 minutes followed by a 5 minutes Q&A session.
Academic Integrity:
Academic integrity is essential to ensure genuine learning. There is no tolerance for plagiarism or academic dishonesty in any form, including, but not limited to, viewing the exams of others, sharing answers with others, using books or notes while taking the exam, copying answers or papers, or passing off someone else’s work as one’s own.
授業スケジュール Course Schedule
Week 1:
- Introduction to Course
- Introduction to Financial Statement Analysis (Thomas et al., 2015 - Chapter 1)
Week 2:
- Financial Reporting Mechanics (Thomas et al., 2015 - Chapter 2)
- Financial Reporting Standards (Thomas et al., 2015 - Chapter 3)
Week 3:
- Understanding Income Statements (Thomas et al., 2015 - Chapter 4)
- Understanding Balance Sheets (Thomas et al., 2015 - Chapter 5)
Week 4:
- Case discussion: (1) “Jones Electrical Distribution (Brief Case)”
Week 5:
- Understanding Cash Flow Statements (Thomas et al., 2015 - Chapter 6)
- Long-Lived Assets (Thomas et al., 2015 - Chapter 9)
Week 6:
- Case discussion: (2) “Baywatch International”
Week 7:
- Company selection for Week 14 is due
- Financial Analysis Techniques (Thomas et al., 2015 - Chapter 7)
Week 8:
- Financial Reporting Quality (Thomas et al., 2015 - Chapter 11)
- Case discussion: (3) “Depreciation of Airplanes and Garbage Trucks”
Week 9:
- Financial Statement Analysis: Applications (Thomas et al., 2015 - Chapter 12)
Week 10:
- Case discussion: (4) “Second Round Electronics”
Week 11:
- Evaluating Quality of Financial Reports (Thomas et al., 2015 - Chapter 17)
Week 12:
- Integration of Financial Statement Analysis Techniques (Thomas et al., 2015 - Chapter 18)
- Case discussion: (5) “Safety Products, Inc.: A case in financial analysis of a failing company”
Week 13:
- Case discussion: (6) “Cisco Systems, Inc.: Minding the GAAP?”
Week 14:
- Final group reports are due
- Case discussion: (7) “AT&T Versus Verizon: A Financial Comparison”
Week 15:
- Final Semester Exam (Week 1 - 14)
- Introduction to Course
- Introduction to Financial Statement Analysis (Thomas et al., 2015 - Chapter 1)
Week 2:
- Financial Reporting Mechanics (Thomas et al., 2015 - Chapter 2)
- Financial Reporting Standards (Thomas et al., 2015 - Chapter 3)
Week 3:
- Understanding Income Statements (Thomas et al., 2015 - Chapter 4)
- Understanding Balance Sheets (Thomas et al., 2015 - Chapter 5)
Week 4:
- Case discussion: (1) “Jones Electrical Distribution (Brief Case)”
Week 5:
- Understanding Cash Flow Statements (Thomas et al., 2015 - Chapter 6)
- Long-Lived Assets (Thomas et al., 2015 - Chapter 9)
Week 6:
- Case discussion: (2) “Baywatch International”
Week 7:
- Company selection for Week 14 is due
- Financial Analysis Techniques (Thomas et al., 2015 - Chapter 7)
Week 8:
- Financial Reporting Quality (Thomas et al., 2015 - Chapter 11)
- Case discussion: (3) “Depreciation of Airplanes and Garbage Trucks”
Week 9:
- Financial Statement Analysis: Applications (Thomas et al., 2015 - Chapter 12)
Week 10:
- Case discussion: (4) “Second Round Electronics”
Week 11:
- Evaluating Quality of Financial Reports (Thomas et al., 2015 - Chapter 17)
Week 12:
- Integration of Financial Statement Analysis Techniques (Thomas et al., 2015 - Chapter 18)
- Case discussion: (5) “Safety Products, Inc.: A case in financial analysis of a failing company”
Week 13:
- Case discussion: (6) “Cisco Systems, Inc.: Minding the GAAP?”
Week 14:
- Final group reports are due
- Case discussion: (7) “AT&T Versus Verizon: A Financial Comparison”
Week 15:
- Final Semester Exam (Week 1 - 14)
成績評価方法 Evaluation Criteria
*成績は下記該当項目を基に決定されます。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
| 講師用内規準拠 Method of Assessment | Weights |
|---|---|
| コールドコール Cold Call | 0 % |
| 授業内での挙手発言 Class Contribution | 10 % |
| クラス貢献度合計 Class Contribution Total | 10 % |
| 予習レポート Preparation Report | 0 % |
| 小テスト Quizzes / Tests | 0 % |
| シミュレーション成績 Simulation | 0 % |
| ケース試験 Case Exam | 40 % |
| 最終レポート Final Report | 20 % |
| 期末試験 Final Exam | 30 % |
| 参加者による相互評価 Peer Assessment | 0 % |
| 合計 Total | 100 % |
評価の留意事項 Notes on Evaluation Criteria
Students are expected to ask questions and contribute to discussions in the class. Active class participation will be noted and it represents 10% of the total grade. Case studies assignments and discussion activities in the class contribute 40% of the final grade.使用ケース一覧 List of Cases
- 「Jones Electrical Distribution (Brief Case)」、Harvard Business School Brief Cases
- 「Baywatch International: A Case Linking Financial-Reporting, Business, and User Decisions」、Issues in Accounting Education
- 「Depreciation of Airplanes and Garbage Trucks: Information Value and Fraud Prevention in Financial Reporting」、Issues in Accounting Education
- 「Second Round Electronics: A Case for Critical Thinking」、Issues in Accounting Education
- 「Safety Products, Inc.: A case in financial analysis of a failing company」、Journal of Accounting Education
- 「Cisco Systems, Inc.: Minding the GAAP?」、Issues in Accounting Education
- 「AT&T Versus Verizon: A Financial Comparison」、Harvard Business School Brief Cases
教科書 Textbook
- Thomas R. Robinson, Elaine Henry, Wendy L. Pirie, Michael A. Broihahn, and Anthony T. Cope「International Financial Statement Analysis, 3rd Edition」John Wiley & Sons, Inc.（2015）978-1-118-99947-9
- Martin S. Fridson and Fernando Alvarez「Financial Statement Analysis: A Practitioner's Guide, 4th Edition」John Wiley & Sons, Inc.（2011）978-0-470-63560-5
参考文献・資料 Additional Readings and Resource
References for business news and accounting research:
• General business news:
The World Factbook: https://www.cia.gov/library/publications/the-world-factbook/
Bloomberg: https://www.bloomberg.com/
The Economist: https://www.economist.com/
The Wall Street Journal: https://www.wsj.com/
Market Watch http://www.marketwatch.com/
Financial Times: https://www.ft.com/
The Japan Times: https://www.japantimes.co.jp/news/business/
The Japan News: http://the-japan-news.com/news/business/
• Accounting standards:
IASPlus: https://www.iasplus.com/en/jurisdictions/
International Federation of Accountants: https://www.ifac.org/about-ifac/membership/member-organizations-and-country-profiles
• Big 4 accounting firms:
- PricewaterhouseCoopers (PwC): https://www.pwc.com/
- Ernst & Young (EY): http://www.ey.com/
- Deloitte Touche Tohmatsu (Deloitte): https://www2.deloitte.com/global/en.html
- KPMG: https://home.kpmg.com/xx/en/home.html
• General business news:
The World Factbook: https://www.cia.gov/library/publications/the-world-factbook/
Bloomberg: https://www.bloomberg.com/
The Economist: https://www.economist.com/
The Wall Street Journal: https://www.wsj.com/
Market Watch http://www.marketwatch.com/
Financial Times: https://www.ft.com/
The Japan Times: https://www.japantimes.co.jp/news/business/
The Japan News: http://the-japan-news.com/news/business/
• Accounting standards:
IASPlus: https://www.iasplus.com/en/jurisdictions/
International Federation of Accountants: https://www.ifac.org/about-ifac/membership/member-organizations-and-country-profiles
• Big 4 accounting firms:
- PricewaterhouseCoopers (PwC): https://www.pwc.com/
- Ernst & Young (EY): http://www.ey.com/
- Deloitte Touche Tohmatsu (Deloitte): https://www2.deloitte.com/global/en.html
- KPMG: https://home.kpmg.com/xx/en/home.html
授業調査に対するコメント Comment on Course Evaluation
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担当教員のプロフィール About the Instructor
Frendy, Ph.D., CPA (inactive), completed his doctorate and master's degree at the Graduate School of Economics, Nagoya University, where he received the Japanese Government scholarship. He obtained a B.S. in Economics (Honors), majoring in accounting from Universitas Gadjah Mada, Indonesia. He holds an inactive U.S. Certified Public Accounting license from the State of Illinois and is a member of the American Institute of CPAs, the Institute of Management Accountants, and the Japan Accounting Association. He participated in the 2019 Global Colloquium on Participant-Centered Learning Workshop and the 2020 Case Writing Workshop at Harvard Business School.
His research interests include sustainable development, sustainability reporting & disclosures, corporate governance, audit, and financial accounting. He has presented papers at the American Accounting Association Annual Meeting, the European Accounting Association Annual Congress, the Japan Accounting Association Annual Conference, and other international conferences. He has published articles in international journals such as the Journal of Contemporary Accounting and Economics, the Journal of Accounting Literature, the Asian Review of Accounting, Regional Studies, Regional Science, and the Asia-Pacific Journal of Accounting & Economics. He serves as an editorial board member of the Indonesian Journal of Accounting Research and the Journal of Indonesian Economy and Business.
（実務経験 Work experience）
He has work experience as an audit associate at KPMG Indonesia, one of the global Big 4 audit firms, and as an external expert for a change management project for Kreston Digital Indonesia.
Refereed Articles
- (2024) Leveraging place-based resources for quality education: insights from a forest community outreach project in Japan. International Journal of Sustainability in Higher Education 1467-6370
- (2023) Digitalization in management accounting systems for urban SMEs in a developing country: A mediation model analysis. Cogent Economics & Finance 11 2332-2039
- (2023) Employing String Similarity Metrics of Partners to Estimate Audit Team Continuity: Determinant and Its Effects on Audit Outcomes and Pricing. Journal of Accounting Literature 0737-4607
- (2023) Regional Sustainable Development Using a Quadruple Helix Approach in Japan. Regional Studies, Regional Science
- (2022) Using Fuzzy TOPSIS and Balanced Scorecard for Kaizen Evaluation. Business Systems Research