| 授業名 | Financial Analysis |
|---|---|
| Course Title | Financial Analysis |
| 担当教員 Instructor Name | Frendy |
| コード Couse Code | NUC415_N23A |
| 授業形態 Class Type | 講義 Regular course |
| 授業形式 Class Format | On Campus |
| 単位 Credits | 2 |
| 言語 Language | EN |
| 科目区分 Course Category | 専門教育科目 / Specialized Subject |
| 学位 Degree | BBA |
| 開講情報 Terms / Location | 2023 UG Nisshin Term1 |
授業の概要 Course Overview
Misson Statementとの関係性 / Connection to our Mission Statement
The Financial Analysis course employs active learning and case method where students will learn how to employ insights gained from the financial statements to make critical and strategic business decisions. This course should provide students with a basic understanding of concepts and techniques necessary to process information disclosed in financial statements as a basis for rational and ethical decision making as investors, entrepreneurs, and analysts.
授業の目的（意義） / Importance of this course
The Financial Analysis course provides students with understanding, tools, and hands-on experience on how to analyze and interpret financial statements from the perspective of investors, creditors, and other users of financial statements.
到達目標 / Achievement Goal
Students are expected to write a comprehensive analysis of a publicly traded corporation at the end of the course. Students enrolled in this course are expected to have basic understanding of using spreadsheet software (e.g., Google Sheets or Microsoft Excel).
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
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG6 Managerial Perspectives (BBA)
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG6 Managerial Perspectives (BBA)
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 analysis in the context of business decision makings.
2. Use financial statements and other relevant information to diagnose management problems.
3. Critically read, analyze, and discuss case studies related to financial analysis.
4. Effectively use financial statements and other resources to evaluate the financial well-being of a publicly listed company.
1. Understand the role of financial analysis in the context of business decision makings.
2. Use financial statements and other relevant information to diagnose management problems.
3. Critically read, analyze, and discuss case studies related to financial analysis.
4. Effectively use financial statements and other resources to evaluate the financial well-being of a publicly listed company.
SDGsとの関連性 Relevance to Sustainable Development Goals
Goal 4 質の高い教育をみんなに（Quality Education）
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 | 0 % |
| フィールドメソッド Field Method | 80 % | 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
Case Method Learning
It is important that students adequately prepare for assigned case discussions prior to each class session. Students will be expected to read the case before the actual class discussion. Individual case solutions to assignments should be uploaded to Google Classroom before the class and it will be graded.
At the beginning of each class session, 15 minutes will be dedicated to group discussions on the 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, students are expected to reflect on they would answer the assigned questions. Then students should clarify their analysis in the class discussion session. Active discussion on both the group and in-class sessions is encouraged and will be assessed.
Individual Capstone Financial Analysis Report
The report will provide students an opportunity to apply all the financial analysis tools and skills they learned throughout the course for a real-world publicly traded company. The company selection must be pre-approved by the instructor to prevent duplicate works. The report will be developed gradually throughout the term, as you learn various aspects of business analysis. Further details on the report will be provided in the class.
It is important that students adequately prepare for assigned case discussions prior to each class session. Students will be expected to read the case before the actual class discussion. Individual case solutions to assignments should be uploaded to Google Classroom before the class and it will be graded.
At the beginning of each class session, 15 minutes will be dedicated to group discussions on the 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, students are expected to reflect on they would answer the assigned questions. Then students should clarify their analysis in the class discussion session. Active discussion on both the group and in-class sessions is encouraged and will be assessed.
Individual Capstone Financial Analysis Report
The report will provide students an opportunity to apply all the financial analysis tools and skills they learned throughout the course for a real-world publicly traded company. The company selection must be pre-approved by the instructor to prevent duplicate works. The report will be developed gradually throughout the term, as you learn various aspects of business analysis. Further details on the report will be provided in the class.
授業スケジュール Course Schedule
第1日（Day1）
Basics of Financial Analysis●使用するケース
Winnie S.C. Leung & Tsun-kan Wan (2020) “Financial Analysis of Ocean Park: The Theme Park that Survived on Government Bailout” University of Hong Kong. Case ID: HK1279.第2日（Day2）
Benchmarking in Financial Analysis●使用するケース
Michael J. Schill & Kenan Yount (2014) "Cavalier Hospital" Darden School of Business. Case ID: UV6677.第3日（Day3）
Financial Ratios●使用するケース
Anupam Mehta (2016) "American Apparel: Drowning in Debt?" Ivey Publishing. Case ID: W16208.第4日（Day4）
Expanding Ratios Analysis - DuPont Analysis●使用するケース
Mihir A. Desai & Elizabeth A. Meyer (2014) "Financial Policy at Apple, 2013 (A) & (B)" Harvard Business School Publishing. Case ID: 214085 & 214094.第5日（Day5）
Financial Statements Quality Analysis●使用するケース
Suraj Srinivasan & Ian McKown Cornell (2013) "First Solar: CFRA's Accounting Quality Concerns" Harvard Business School Publishing. Case ID: 113044.第6日（Day6）
Financial Analysis during Crisis●使用するケース
Natalia Khinkanina (2022) "Edmonton Opera: Accounting, Financial Analysis, Crisis, and Resilience"Ivey Publishing. Case ID: W25887.
第7日（Day7）
Financial Analysis for Fraud Risk Evaluation●使用するケース
Hess, Megan F. & Andiola, Lindsay M. (2018) "Fraud Risk Brainstorming at Tesla Motors" Issues in Accounting Education, Vol. 33, No. 2, American Accounting Association.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。
The final grade distribution will be assigned following the following criteria:
• 90–100 S
• 80–89 A
• 70-79 B
• 60-69 C
• 40-59 F-Retry
(Students could apply for a make-up report and get another opportunity to revise the final report. Students who submit the revised final report that pass the grade of 60 will be assigned with C grade)
• Below 40 F
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 | 45 % |
| クラス貢献度合計 Class Contribution Total | 45 % |
| 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 | 35 % |
| 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
The final report represents 35% of the grade. Students are expected to ask questions and actively contribute to the class discussions. Discussion activities in the class will be graded and they represent 45% of the total grade. The weekly case studies assignments contributes to 20% of the grade.The final grade distribution will be assigned following the following criteria:
• 90–100 S
• 80–89 A
• 70-79 B
• 60-69 C
• 40-59 F-Retry
(Students could apply for a make-up report and get another opportunity to revise the final report. Students who submit the revised final report that pass the grade of 60 will be assigned with C grade)
• Below 40 F
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
- -「The textbook is not necessary for this course」-（-）-
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 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
"Good and in depth explanations, simulation topic was fun to wrap up the class, & short cases and assignments"
"More interesting cases & simulation"
"It helped the development of our analysis skill and help us to know which information is important"
"Group activities were good"
"The time allocated for the final report was good"
"More interesting cases & simulation"
"It helped the development of our analysis skill and help us to know which information is important"
"Group activities were good"
"The time allocated for the final report was good"
担当教員のプロフィール About the Instructor
Frendy, Ph.D., CPA (IL), completed his doctorate and master's degree at the Graduate School of Economics, Nagoya University, where he received the Japanese Government (MEXT) scholarship. He obtained a B.S. in Economics (Honors), majoring in Accounting, from the Faculty of Economics and Business, Universitas Gadjah Mada, Indonesia. He holds a U.S. Certified Public Accounting license from the State of Illinois and is a member of the American Institute of CPAs (AICPA), the Institute of Management Accountants (IMA), and the Japan Accounting Association (JAA). 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 (AAA) Annual Meeting, the European Accounting Association (EAA) 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