| 授業名 | Business Analysis |
|---|---|
| Course Title | Business Analysis |
| 担当教員 Instructor Name | Frendy |
| コード Couse Code | NUC401_N19A |
| 授業形態 Class Type | 講義 Regular course |
| 単位 Credits | 2 |
| 言語 Language | EN |
| 学位 Degree | BBA |
| 開講情報 Terms / Location | 2019 UG Nisshin Term1 |
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 Business Analysis course is designed to prepare students to analyze and interpret information contained in company’s financial statements effectively from the perspective of business managers and investors. This course explores business analysis topics with emphasis on understanding the structure and relationships among financial statements elements and how they relate to the business operation and strategy. 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 should provide students with basic understanding of concepts and techniques necessary to process information disclosed in financial statements as a basis for rational decision making as investors, entrepreneurs, and analysts. The final outcome of the course will be the individual project analysis of a publicly traded corporation.
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.
• Incorporate strategy and competitor analysis into quantitative business analysis.
• Assess overall company success and failure using business analysis techniques and tools.
• Apply statement analysis techniques and tools to real-world annual reports.
• Present and write a comprehensive business analysis report.
• Assess overall company success and failure through the analysis of cases.
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.
• Incorporate strategy and competitor analysis into quantitative business analysis.
• Assess overall company success and failure using business analysis techniques and tools.
• Apply statement analysis techniques and tools to real-world annual reports.
• Present and write a comprehensive business analysis report.
• Assess overall company success and failure through the analysis of cases.
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. Understand the role of business analysis in the context of business decision makings.
2. Use financial statements and other relevant information to analyze business problems.
3. Critically read, analyze, and discuss case studies related to business analysis topics.
4. Effectively use annual reports and web resources to evaluate relevant information and analyze for-profit corporations.
1. Understand the role of business analysis in the context of business decision makings.
2. Use financial statements and other relevant information to analyze business problems.
3. Critically read, analyze, and discuss case studies related to business analysis topics.
4. Effectively use annual reports and web resources to evaluate relevant information and analyze for-profit corporations.
教育手法 Teaching Method
| 教育手法 Teaching Method | % of Course Time | |
|---|---|---|
| インプット型 Traditional | 20 % | |
| 参加者中心型 Participant-Centered Learning | ケースメソッド Case Method | 80 % |
| 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. The course requires continuous work throughout the term, which includes reading and solving cases conceptually and numerically, and preparing and presenting the analysis of a specific corporation.
2. Students are required to record their contribution both at the group and class discussion and rate their own contribution to their expectation in a “Course Participation Form” that will be distributed at the beginning of each class sessions. The filled “Course Participation Form” should be returned at the end of the class.
3. Students are expected to attend all scheduled class meetings. Failure to attend all class sessions will negatively impact your final grade. Class sessions should not be missed unless an emergency situation takes place, in which case students should notify the instructor via email before class.
4. Individual case studies’ assignments and group reports/presentations should be submitted before each class meeting using Google Classroom.
5. Use of phone, tablet, smart watch and other communication devices for purposes other than learning are strictly prohibited during class. Students using laptop for non-learning purposes during the classroom will be noted and it will negatively impact your final grade.
Office hours are available for students who need further clarification of concepts presented in lecture and require further assistance understanding the concepts.
Access to University Electronic Mail and Google Classroom:
Students are expected to have access to university email and Google Classroom. The syllabus, lecture slides, and other pertinent information will be distributed by Google Classroom and students are expected to check it frequently.
Learning Method:
This course combines the use of three learning methods: summaries of concepts and tools from the instructor; case analysis and discussion; and writing an independent business analysis project.
Case Method Learning
It is important that you adequately prepare for assigned case discussions prior to each class session. You will be expected to have reviewed and “solved” the case prior to the actual class discussion. Individual case solution to assignments should be uploaded to Google Classroom well before the class and it will be graded.
At the beginning of each class session, 20 minutes will be dedicated to group discussion on case that have been assigned for discussion on that day. The member of each group will be randomly assigned at the beginning of each class session. Within the group, you are expected to first individually reflect on how you would answer the questions for the case. Then you should clarify your individual analysis in the class discussion session. Active discussion on both the group and in-class sessions is encouraged and will be assessed.
Individual & Group Business Analysis Project
The project will give you an opportunity to apply in a real-world situation all the business analysis tools and skills you learned throughout the course. The project is the analysis of a multinational publicly traded company of your interest. The company selection has to be pre-approved by the instructor to prevent duplicates. In the Week 4 of the course, students should submit their preliminary analysis draft for feedback. This draft will not be graded.
Each student is responsible to analyze a single company and must form a group that consists of 4 students to represent an industry. The group will present business analysis of the chosen companies and industry at Week 7 of the course for 15 minutes.The final report (individual report) is due one week after the last meeting of the course (Week 8).
The final written report should at least include the following contents:
1. Company Background and Business Analysis Motivation
2. Business Strategy Analysis
3. Financial Reporting Quality Analysis
4. Ratio Analysis
5. Conclusions
References
1. The course requires continuous work throughout the term, which includes reading and solving cases conceptually and numerically, and preparing and presenting the analysis of a specific corporation.
2. Students are required to record their contribution both at the group and class discussion and rate their own contribution to their expectation in a “Course Participation Form” that will be distributed at the beginning of each class sessions. The filled “Course Participation Form” should be returned at the end of the class.
3. Students are expected to attend all scheduled class meetings. Failure to attend all class sessions will negatively impact your final grade. Class sessions should not be missed unless an emergency situation takes place, in which case students should notify the instructor via email before class.
4. Individual case studies’ assignments and group reports/presentations should be submitted before each class meeting using Google Classroom.
5. Use of phone, tablet, smart watch and other communication devices for purposes other than learning are strictly prohibited during class. Students using laptop for non-learning purposes during the classroom will be noted and it will negatively impact your final grade.
Office hours are available for students who need further clarification of concepts presented in lecture and require further assistance understanding the concepts.
Access to University Electronic Mail and Google Classroom:
Students are expected to have access to university email and Google Classroom. The syllabus, lecture slides, and other pertinent information will be distributed by Google Classroom and students are expected to check it frequently.
Learning Method:
This course combines the use of three learning methods: summaries of concepts and tools from the instructor; case analysis and discussion; and writing an independent business analysis project.
Case Method Learning
It is important that you adequately prepare for assigned case discussions prior to each class session. You will be expected to have reviewed and “solved” the case prior to the actual class discussion. Individual case solution to assignments should be uploaded to Google Classroom well before the class and it will be graded.
At the beginning of each class session, 20 minutes will be dedicated to group discussion on case that have been assigned for discussion on that day. The member of each group will be randomly assigned at the beginning of each class session. Within the group, you are expected to first individually reflect on how you would answer the questions for the case. Then you should clarify your individual analysis in the class discussion session. Active discussion on both the group and in-class sessions is encouraged and will be assessed.
Individual & Group Business Analysis Project
The project will give you an opportunity to apply in a real-world situation all the business analysis tools and skills you learned throughout the course. The project is the analysis of a multinational publicly traded company of your interest. The company selection has to be pre-approved by the instructor to prevent duplicates. In the Week 4 of the course, students should submit their preliminary analysis draft for feedback. This draft will not be graded.
Each student is responsible to analyze a single company and must form a group that consists of 4 students to represent an industry. The group will present business analysis of the chosen companies and industry at Week 7 of the course for 15 minutes.The final report (individual report) is due one week after the last meeting of the course (Week 8).
The final written report should at least include the following contents:
1. Company Background and Business Analysis Motivation
2. Business Strategy Analysis
3. Financial Reporting Quality Analysis
4. Ratio Analysis
5. Conclusions
References
授業スケジュール Course Schedule
第1日（Day1）
• Syllabus discussion and course introduction• Group Case Discussion (20 minutes)
• Business Analysis Framework using Financial Statements (Palepu et al., 2013: Chapter 1)
• Financial Reporting Mechanics and Standards (Thomas et al., 2015: Chapter 2 & 3)
• Understanding Income Statements (IS) (Thomas et al., 2015: Chapter 4)
●使用するケース
Case 1 (Income Statement Analysis):Frendy (2018) “Income Statement Analysis – Seven & i Holdings Co. (2015-2017)” NUCB Business School Case No. 18-143.
第2日（Day2）
• Group Case Discussion (20 minutes)• Understanding Balance Sheets (BS) (Thomas et al., 2015: Chapter 5)
●使用するケース
Case 2 (Balance Sheet Analysis):Frendy (2018) “Balance Sheet Analysis – Seven & i Holdings Co. (2015-2017)” NUCB Business School Case No. 18-142.
第3日（Day3）
• Group Case Discussion (20 minutes)• Understanding Cash Flow Statements (CF) (Thomas et al., 2015: Chapter 6)
• Long-Lived Assets (Thomas et al., 2015: Chapter 9)
●使用するケース
Case 3 (Intangible Assets Analysis):Frendy (2018) “Seven Eleven Japan (SEJ) Franchise Model” NUCB Business School Case No. 18-149.
第4日（Day4）
• Group Case Discussion (20 minutes)• Financial Reporting Quality (Thomas et al., 2015: Chapter 11)
• Evaluating Quality of Financial Reports (Thomas et al., 2015: Chapter 17)
●使用するケース
Case 4 (Financing a Business):Piper, T. R. and DeVolder, J. (2010) “Jones Electrical Distribution (Brief Case)” Harvard Business School Brief Cases No. 4179.
第5日（Day5）
• Group Case Discussion (20 minutes)• Strategy Analysis (Palepu et al., 2013: Chapter 2)
• Accounting Analysis (Palepu et al., 2013: Chapter 3 & 4)
●使用するケース
Case 5 (Strategy Analysis):Yoffie, D. B. and Tahilyani, R. (2016) “Coffee Wars in India: Starbucks 2012” Harvard Business School Case No. 715452.
第6日（Day6）
• Group Case Discussion (20 minutes)• Financial Analysis (Palepu et al., 2013: Chapter 5)
• Financial Analysis Techniques (Thomas et al., 2015: Chapter 7)
●使用するケース
Case 6 (Corporate Level Financial Statements Analysis):Goyal, V. and Mitra, S. K. (2016) “Anandam Manufacturing Company: Analysis of Financial Statements” Ivey Publishing No. W16204.
第7日（Day7）
• Group Case Discussion (20 minutes)• Final Report Presentation (15 minutes per group)
• Financial Statement Analysis: Applications (Thomas et al., 2015: Chapter 12)
• Integration of Financial Statement Analysis Techniques (Thomas et al., 2015: Chapter 18)
●使用するケース
Case 7 (Industry Level Financial Statements Analysis):Eades, K. and Sirleaf, J. (2016) “The Financial Detective, 2016” University of Virginia Darden School Foundation UV7201.
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。
Your grade will be determined based on your total score on the following items:
Discussion participation and attendance 40%
Individual case studies assignments 20%
Individual Business Analysis Project Report 30%
Group presentation of the final project 10%
In addition, your final grade will be based on a curve in which the bottom 15~20% of the class will not get a passing grade. Those who fail to get a passing grade could apply for a "make-up report" and get another opportunity to revise your individual final report.
Students are expected to ask questions and actively contribute to the class discussions. Active class participation and attendance will be noted and it represents 40% of the total grade. Submission of individual case studies assignments contribute 20% of the final grade. The individual written report and group presentation of the final project contributes to 30% and 10% of the grade, respectively.
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, sharing answers with others, copying answers or papers, or passing off someone else’s work as one’s own.
*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 | 40 % |
| クラス貢献度合計 Class Contribution Total | 40 % |
| 予習レポート Preparation Report | 20 % |
| 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 | 0 % |
| 最終レポート Final Report | 40 % |
| 期末試験 Final Exam | 0 % |
| 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
Grading:Your grade will be determined based on your total score on the following items:
Discussion participation and attendance 40%
Individual case studies assignments 20%
Individual Business Analysis Project Report 30%
Group presentation of the final project 10%
In addition, your final grade will be based on a curve in which the bottom 15~20% of the class will not get a passing grade. Those who fail to get a passing grade could apply for a "make-up report" and get another opportunity to revise your individual final report.
Students are expected to ask questions and actively contribute to the class discussions. Active class participation and attendance will be noted and it represents 40% of the total grade. Submission of individual case studies assignments contribute 20% of the final grade. The individual written report and group presentation of the final project contributes to 30% and 10% of the grade, respectively.
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, sharing answers with others, copying answers or papers, or passing off someone else’s work as one’s own.
教科書 Textbook
- Thomas R. Robinson, Elaine Henry, Wendy L. Pirie, Michael A. Broihahn, Anthony T. Cope「International Financial Statement Analysis, 3rd Edition」John Wiley & Sons, Inc.（2015）978-1-118-99947-9
- Krishna G. Palepu, Paul M. Healy & Erik Peek「Business Analysis and Valuation: IFRS edition, 3rd Edition」Cengage Learning EMEA（2013）978-1-4080-5642-4
参考文献・資料 Additional Readings and Resource
Information on mandatory readings will be given in the Google Classroom before the class meeting. The textbooks are for your reference and the instructor will deliver summaries of key concepts during the case discussion.
授業調査に対するコメント Comment on Course Evaluation
-
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