| 授業名 | FINANCIAL ACCOUNTING |
|---|---|
| Course Title | FINANCIAL ACCOUNTING |
| 担当教員 Instructor Name | Frendy |
| コード Couse Code | NUC276_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 Accounting course is designed to provide an understanding of financial accounting fundamentals for prospective consumers of corporate financial information, such as managers, stockholders, financial analysts, and creditors. The course focuses on how corporate investments, financing, and operating activities are recorded in the income statement, balance sheet, and statement of cash flows. Students taking this course will develop basic accounting knowledge and corporate financial statement analysis skills that are necessary to interpret financial accounting information disclosed in financial statements.
Course Objectives:
• Understand financial accounting concepts, techniques, and practices that cover accounting principles, financial statements presentation and financial statements elements.
• Perform basic financial statement analysis.
• Explain how financial accounting assists investors, creditors, and other stakeholders in business decision makings.
• Critically examine similarities and differences in the International Accounting Comparative Analysis Group Project.
• Present and write carefully researched analysis individually and in groups.
Course Objectives:
• Understand financial accounting concepts, techniques, and practices that cover accounting principles, financial statements presentation and financial statements elements.
• Perform basic financial statement analysis.
• Explain how financial accounting assists investors, creditors, and other stakeholders in business decision makings.
• Critically examine similarities and differences in the International Accounting Comparative Analysis Group Project.
• Present and write carefully researched analysis individually and in groups.
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
LG3 Ethical Decision Making
LG4 Effective Communication
LG3 Ethical Decision Making
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. Gain an understanding of the concepts and function of accounting so it can be used as an effective tool for communication, monitoring, resource allocation, and economics decision making.
2. Communicate business activities using accounting concepts, procedures, and techniques.
3. Read and analyze financial statements.
4. Effectively use library and web resources, evaluate information, and apply knowledge to the analysis of business events and company information.
1. Gain an understanding of the concepts and function of accounting so it can be used as an effective tool for communication, monitoring, resource allocation, and economics decision making.
2. Communicate business activities using accounting concepts, procedures, and techniques.
3. Read and analyze financial statements.
4. Effectively use library and web resources, evaluate information, and apply knowledge to the analysis of business events and company information.
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. In addition to the lectures, class discussions will be regularly conducted to confirm students’ understanding of the material. Individual homeworks and group assignments 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.
International Accounting Comparative Analysis Group Project:
This project allow the students to apply conceptual knowledge and analytical skills learned from the course to critically research and perform comprehensive financial accounting analysis on two multinational corporations. The progress of this project will be distributed into several stages during the semester and the project represents 25% of the total grade grade. The group should also solve a question from the textbook related to the project (refer to the syllabus outline & schedule). Unsatisfactory progress of the project can affect your final grade. For this term assignment, the class will be divided into groups of two to three students.
Stage 1: Selection
You should decide on the members of your group. In addition, your group will choose two multinational companies from the same industry that you are interested in -- one from Japan and one from a country outside of Japan -- in which you have a strong interest. Your group should obtain the annual reports for the companies you choose. The name of two companies and members of your group should be submitted in a memo at the end of the class.
Stage 2: Business Environment Research
You should conduct library and Internet research to identify the current business environment and events affecting your chosen country, company, and industry. You are expected to cite a number of sources from business websites, professional bodies and accounting firms. You should also have obtained and become familiar with the annual reports of the two companies. Progress of Stage 2 (Drafts of Chapter 1, 2 & 3) should be submitted at the end of the class.
Stage 3: Accounting Practices Analysis
You should begin your financial analysis and think about the presentation of your results. Also, you should identify similarities and differences in the accounting practices of your chosen countries and companies. If your company follows the International Financial Reporting Standards (IFRS) or national accounting standards, you should address the differences between accounting standards used in your country and the Japanese standards. Progress of Stage 3 (Drafts of Chapter 4) should be submitted at the end of the class.
Stage 4: Comparative Financial Statements Analysis
You should begin conducting a comprehensive financial statements analysis of your two companies. A report describing your progress on Stage 4 (Drafts of Chapter 5) and indicating the work to be done is due.
Stage 5: Presentation and Report Submission
Your group will make a presentation for 20 minutes followed by a 5 minutes Q&A session. The term paper, due at Week 14, is a paper that includes the following chapters:
1. Introduction
2. Current business environment of your chosen country
3. Current business environment of your industry
4. Accounting practices comparison of the two countries and companies.
5. Two-year financial analysis of your two companies presented and discussed in comparative form
6. Interpretation of results in light of the business environment and with special emphasis on the effects of differences in accounting practices.
References
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. In addition to the lectures, class discussions will be regularly conducted to confirm students’ understanding of the material. Individual homeworks and group assignments 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.
International Accounting Comparative Analysis Group Project:
This project allow the students to apply conceptual knowledge and analytical skills learned from the course to critically research and perform comprehensive financial accounting analysis on two multinational corporations. The progress of this project will be distributed into several stages during the semester and the project represents 25% of the total grade grade. The group should also solve a question from the textbook related to the project (refer to the syllabus outline & schedule). Unsatisfactory progress of the project can affect your final grade. For this term assignment, the class will be divided into groups of two to three students.
Stage 1: Selection
You should decide on the members of your group. In addition, your group will choose two multinational companies from the same industry that you are interested in -- one from Japan and one from a country outside of Japan -- in which you have a strong interest. Your group should obtain the annual reports for the companies you choose. The name of two companies and members of your group should be submitted in a memo at the end of the class.
Stage 2: Business Environment Research
You should conduct library and Internet research to identify the current business environment and events affecting your chosen country, company, and industry. You are expected to cite a number of sources from business websites, professional bodies and accounting firms. You should also have obtained and become familiar with the annual reports of the two companies. Progress of Stage 2 (Drafts of Chapter 1, 2 & 3) should be submitted at the end of the class.
Stage 3: Accounting Practices Analysis
You should begin your financial analysis and think about the presentation of your results. Also, you should identify similarities and differences in the accounting practices of your chosen countries and companies. If your company follows the International Financial Reporting Standards (IFRS) or national accounting standards, you should address the differences between accounting standards used in your country and the Japanese standards. Progress of Stage 3 (Drafts of Chapter 4) should be submitted at the end of the class.
Stage 4: Comparative Financial Statements Analysis
You should begin conducting a comprehensive financial statements analysis of your two companies. A report describing your progress on Stage 4 (Drafts of Chapter 5) and indicating the work to be done is due.
Stage 5: Presentation and Report Submission
Your group will make a presentation for 20 minutes followed by a 5 minutes Q&A session. The term paper, due at Week 14, is a paper that includes the following chapters:
1. Introduction
2. Current business environment of your chosen country
3. Current business environment of your industry
4. Accounting practices comparison of the two countries and companies.
5. Two-year financial analysis of your two companies presented and discussed in comparative form
6. Interpretation of results in light of the business environment and with special emphasis on the effects of differences in accounting practices.
References
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:
• Syllabus Review
• Accounting Principles and the Financial Statements – Chapter 1
Week 2:
• Analyzing and Recording Business Transactions – Chapter 2
• Adjusting the Accounts – Chapter 3
Week 3:
• Foundations of Financial Reporting and the Classified Balance Sheet – Chapter 5
• Accounting for Merchandising Operations – Chapter 6
• Stage 1 report is due
Week 4:
• Inventories – Chapter 7 (Part 1)
• Case discussion: (1) “Christy's lemonade stand”
Week 5:
• Inventories – Chapter 7 (Part 2)
• Case discussion: (2) “Thomas Quinn Manufacturing: Venture capital funding for a high-tech start-up firm”
• Stage 2 report is due
Week 6:
• Receivables – Chapter 9
• Case discussion: (3) “Merrimack Tractors and Mowers, Inc.: LIFO or FIFO?”
Week 7:
• Long-Term Assets – Chapter 10
• Case discussion: (4) “Arborista, Inc.: An Instructional Resource Case”
Week 8:
• Accounting for Corporations – Chapter 13
Week 9:
• Case discussion: (5) “Wiki Art Gallery, Inc.: A Case for Critical Thinking”
• Stage 3 report is due
Week 10:
• Current Liabilities and Fair Value Accounting – Chapter 14
• Case discussion: (6) “As Easy as ABC”
Week 11:
• The Statement of Cash Flows – Chapter 15
Week 12:
• Financial Statement Analysis – Chapter 16
• Stage 4 report is due
Week 13:
• Case discussion: (7) “Evaluating Financial Results at Graphic Apparel Corporation GAC): The Impact of Accounting Policies”
Week 14:
• Group Presentation & Paper Due
• Stage 5 report is due
Week 15:
• Final Semester Exam
• Syllabus Review
• Accounting Principles and the Financial Statements – Chapter 1
Week 2:
• Analyzing and Recording Business Transactions – Chapter 2
• Adjusting the Accounts – Chapter 3
Week 3:
• Foundations of Financial Reporting and the Classified Balance Sheet – Chapter 5
• Accounting for Merchandising Operations – Chapter 6
• Stage 1 report is due
Week 4:
• Inventories – Chapter 7 (Part 1)
• Case discussion: (1) “Christy's lemonade stand”
Week 5:
• Inventories – Chapter 7 (Part 2)
• Case discussion: (2) “Thomas Quinn Manufacturing: Venture capital funding for a high-tech start-up firm”
• Stage 2 report is due
Week 6:
• Receivables – Chapter 9
• Case discussion: (3) “Merrimack Tractors and Mowers, Inc.: LIFO or FIFO?”
Week 7:
• Long-Term Assets – Chapter 10
• Case discussion: (4) “Arborista, Inc.: An Instructional Resource Case”
Week 8:
• Accounting for Corporations – Chapter 13
Week 9:
• Case discussion: (5) “Wiki Art Gallery, Inc.: A Case for Critical Thinking”
• Stage 3 report is due
Week 10:
• Current Liabilities and Fair Value Accounting – Chapter 14
• Case discussion: (6) “As Easy as ABC”
Week 11:
• The Statement of Cash Flows – Chapter 15
Week 12:
• Financial Statement Analysis – Chapter 16
• Stage 4 report is due
Week 13:
• Case discussion: (7) “Evaluating Financial Results at Graphic Apparel Corporation GAC): The Impact of Accounting Policies”
Week 14:
• Group Presentation & Paper Due
• Stage 5 report is due
Week 15:
• Final Semester Exam
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 | 25 % |
| 期末試験 Final Exam | 25 % |
| 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
- 「Instructional case: Christy's lemonade stand: An introduction to accrual accounting」、Issues in Accounting Education
- 「Introductory financial accounting instructional case: Thomas Quinn Manufacturing: Venture capital funding for a high-tech start-up firm」、Issues in Accounting Education
- 「Merrimack Tractors and Mowers, Inc.: LIFO or FIFO?」、Harvard Business School Brief Case
- 「Arborista, Inc.: An Instructional Resource Case」、Issues in Accounting Education
- 「Wiki Art Gallery, Inc.: A Case for Critical Thinking」、Issues in Accounting Education
- 「As Easy as ABC」、Issues in Accounting Education
- 「Evaluating Financial Results at Graphic Apparel Corporation GAC): The Impact of Accounting Policies」、Issues in Accounting Education
教科書 Textbook
- Belverd E. Needles, Marian Powers, and Susan V. Crosson「Principles of Accounting, 12th Edition」Cengage Learning（2014）978-1133603054
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) Environmental Greenwashing in Japan: The Roles of Corporate Governance and Assurance. Meditari Accountancy Research 32(7): 2049-372X
- (2024) The application of the organizational learning perspective in explaining the government's internal auditor’s role development. Jurnal Tata Kelola Dan Akuntabilitas Keuangan Negara 10(1): 2549-452X
- (2024) Examining the Ability of Big Data Analytics to Investigate Financial Reporting Quality: A Comprehensive Bibliometric Analysis. Journal of Financial Reporting and Accounting 1985-2517
- (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