Class Title Accounting System Design 2 Instructor ... · Class Title：Accounting System Design 2...

Class Title：Accounting System Design 2 Instructor：Toshifumi Takada Semester：Spring

Course Number: EAC-ACC670

Teaching Language： English

1. Course Objectives and Outline

Students who completed Accounting System Design 1 can take this course Accounting System

Design 2. There are 3 accounting reporting systems in Japan; disclosure for investors by

Financial Instruments and Exchange Act, financial statements for stakeholders by Companies

Act and tax return by Corporation Tax Act. These accounting reporting systems use their

accounting standards. The objective of this course is to understand both the differences and the

philosophy of the accounting standards.

2. Learning Goal

Students can understand the basic philosophy of the Japanese accounting systems.

3. Course Content and Schedule

Class is to be held on every Sunday, 10:30 – 12:00 from 2 April, 2017 to 23 July, 2017; 15 classes +

Examination.

# Date Topic Content Reference

1 2 April Orientation Objective, Outline,

Method, Evaluation

PPT

2 9 April Accounting reporting

systems and accounting

standards in Japan

Objective of accounting

reporting;

Accounting standards

PPT

3 16

April

Role of auditing,

Inspection,

investigation

Guarantee of quality;

Quality of accounting:

Accounting fraud

PPT

4 23 April Recognition of income,

Sales revenue,

Other income

Understanding Can vs

Shall;

Revenue vs income

Dividend

PPT

5 30 April Cost of sales;

Value of stock on hand

(inventories)

Value for business

Cost or value

evaluation

Sales back

PPT

6 7 May International Financial

Reporting Standards;

Japanese Generally

Best practice;

Domestic GAAP

Political considerations

PPT

Accepted Accounting

Principles

7 14 May Sales discount;

Revision of sales price;

Window dressing

Cancellation of sales;

Optional contract =

promise of sales

Circling of Sales

PPT

8 21 May Multiple methods of

evaluation of inventory

Economic events

Convention & theory

FIFO, Selling Price ,

Average

PPT

9 28 May Methods of

depreciation

Double Account System

Value of tangible assets;

Plant, Machinery,

Automobile, Railroad

PPT

10 11 June

Sales of own stocks

Treasury stocks

Stock option

Enron case;

Livedoor case;

Use of SPE (SPC)

PPT

11 18 June Sequence of Eating Pie

Compensations, Tax,

Expenses

Employee, management

CEO, director, auditor

Committee members

PPT

12 25 June

Entertainment expense

Advertisement

Yearend Bonus

Use money for business

Earnings Management

Difference of behavior

between listed company

and SME

PPT

13 2 July

Research &

Development

Unsuccessful R&D

Successful R&D =

Assets or expense?

PPT

14 9 July Retirement expense

Bonus

Pension

(type 1 and type 2)

PPT

15 16 July

Guest speaker Professional

Accountant will be

invited

PPT

23 July

Examination 60 minutes of essay

type examination

4. Assessment Criteria

(1) 30%: Attendance and number of questions

(2) 20%: 3 times of reports

(3) 50%: Final examination

5. Textbook and Reading List

Reference books:

*1: Adam Smith, Wealth of Nations, 1776

*2: John Hicks, Value and Capital, 1939

*3 John Stuart Mill, On Liberty, 1859

The 3 books are to be stored at the office of IGSAP. *2 and *3 can be downloaded from Kindle at

free.

6. Preparation and Review

To read reference books beforehand and to make a question after the class

7. Note（Requirements, E-mail, Office Hour）

The knowledge of bookkeeping and cost accounting is required.

Email: [email protected]

Office Hour: after the class

mailto:[email protected]

Class Title：Financial Accounting 2 Instructor：Hiroko Inokuma Semester：Spring




Financial Accounting is a critical element of economic infrastructure, which is to provide

financial information about an entity for its stakeholders and thus fulfill its accountability obligation.

In Japan, the financial accounting consists of two systems; the financial reporting system under the

Financial Instruments and Exchange Act(FIEA) and the statutory reporting system under the

Companies Act. Financial reports in these systems must be prepared in accordance with Generally

Accepted Accounting Principles (GAAP) of Japan. Moreover, those systems are interrelated with the

tax accounting system.

In this course, the students will study the basic and intermediate/advanced concepts,

frameworks and rules of Japan GAAP and its relationship with the society and the economy. Though

the concepts and rules of the IFRS are regarded as a part of Japan GAAP, the students are also

required to study other elements of Japan GAAP, including the concepts and rules of Japanese tax

accounting systems.

In addition, we’ll discuss about the fundamental and advanced topics on international

accounting and auditing theories in this lecture class.

In a similar way of FA1 lecture class, we’ll learn not only the basic concepts and general

rules/procedures of accounting standards in fundamental and intermediate level, but also the

academic issues surrounding the topics.

2. Learning Goal

In this lecture class, students are expected to develop their capabilities to understand

intermediate level of financial accounting issues. Since it is said that Accounting is a language for

business, we’ll set our learning goal as to acquire the capability reading and analyzing financial

information provided by companies. In addition, we’d like to learn about current auditing and

international accounting issues.

3.Course Content and Schedule


1 4.06 Class

Introduction

Class Objective, Outline, Method,

Evaluation

And Class Expectation.

PPT

2 4.13 Equity,

convertible

securities

Dilutive Securities and Earnings per

Share

PPT

Kieso,Ch.16

3 4.20 Investment(1) Accounting framework for financial assets,

accounting for debt investments at

amortized cost/ fair value,

Accounting for equity investments at fair

value, equity method and fair value

method

Impairment of debt investment

PPT

Kieso,Ch.17

4 4.27 Investment(2)

Accounting for

Derivative

Instruments

Defining derivatives, basic principles in

accounting for derivatives, Derivatives

used for hedging-fair value hedge and cash

flow hedge

PPT

Kieso,Ch.17

Appendix17A

5 5.04 Revenue

Recognition(1)

Overview of revenue recognition, New

revenue recognition standard, five-step

process, other revenue recognition issues

PPT

Kieso,Ch.18

6 5.11 Revenue

Recognition(2)

Long-term construction contracts,

Revenue recognition over time,

percentage-of –completion method

Cost-recovery method

Revenue recognition of franchises

PPT

Kieso,Ch.18

Appendex18A,

18B

7 5.18 Accounting for

Income Taxes

Fundamentals of accounting for income

taxes, future taxable amounts and

deferred taxes, deferred tax asset/liability,

temporary differences, permanent

differences, tax rate consideration, F/S

presentation

PPT

Kieso, Ch.19


Pensions and

Postretirement

Benefits

Nature of pension plans, defined

contribution plan, defined benefit plan, the

role of actuaries in pension accounting,

accounting for pensions

Using a pension worksheet

Reporting pension plans in F/S

PPT

Kieso,Ch.20


Leases

The leasing environment, the nature,

economic substance, and advantages of

lease transactions

Accounting by the lessee-capitalization

criteria, finance lease method, operating

method,

Accounting by the lessor- economics of

leasing, direct-financing method,

operating method, residual values

PPT

Kieso,Ch.21

10 6.08 Accounting

Changes and

Error Analysis

Accounting changes: change in accounting

policy and change in accounting estimate

Direct and indirect effects of changes

Accounting errors, error analysis

PPT

Kieso,Ch.22

11 6.15 Statement of

Cash Flows

Usefulness of the statement of cash flows,

Classification, cash and cash equivalents,

Format of statement of cash flows, indirect

method, direct method, special problems in

statement preparation

PPT

Kieso,Ch.23

12 6.22 Presentation and

Disclosure I

Fiancial

Reporting

Full disclosure principle, notes to the F/S,

common notes,

Disclosure issues-Disclosure of special

transactions or event, subsequent events,

segmented information reported, interim

reports

Auditor’s and management’s reports

Current reporting issues

PTT

Kieso,Ch.24

13 6.29 International

Accounting

issues

Globalization and Accounting and

Auditing system(1) fundamental issues in

international accounting

PTT

Reference

materials

prepared later

14 7.06 Current topics of

international

accounting

Globalization and Accounting and

Auditing system(2)- non-financial

information, integrated reporting,

business reporting

PPT

Reference

materials

prepared later

15 7.13 Wrap-up Class reflection: What learned this

semester?

PPT

· Possible alternative dates: July 20th, 27th.


(4) 30%: Attendance and class participation, Frequency and quality of remarks in class

(5) 40%: Short essays and quizzes(including homework)



Textbook

Intermediate Accounting: IFRS Edition, 2nd Edition,

Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, July 2014, Wiley.

Mainly learn from Chapter 16 to Chapter 24

20 copies are available at Hirai campus.

Reading List/References

Fundamental Books

· Beaver, W.H. (1981) Financial Reporting : An Accounting Revolution, 3rd Edition (Translated into Japanese,

伊藤邦雄訳(2010)、『財務報告革命[第３版]』白桃書房、pp175-225。

· Christensen, J. and J. Demski(2002)Accounting Theory: An Information Content Perspective, McGraw-Hill,

Translated into Japanese, 佐藤紘光他訳 (2007) 『会計情報の理論―情報内容パースペクティブ』中央

経済社.

· Sunder, S. (1997), Theory of Accounting and Control, South-Western College Publishing , Translated into

Japanese, 山地秀俊、鈴木一水、松本祥尚、梶原晃訳(1998)、『会計とコントロールの理論契約理論に

基づく会計学入門』勁草書房。

· Watts, R. L. and J. L. Zimmerman, 1986. Positive Accounting Theory. Prentice-Hall, Engelwood Cliffs, New

Jersey. Translated into Japanese, 須田一幸訳（1990）『実証理論としての会計学』白桃書房。

· William R. Scott (2014) Financial Accounting Theory, Prentice Hall; 7th edition, Translated into Japanese, 太

田康広、椎葉惇、西谷順平訳(2008)『財務会計の理論と実証』中央経済社。

· Previts et al. (2011) A Global History of Accounting, Financial Reporting and Public Policy, Asia and Oceania,

Studies in the Development of Accounting Thought Volume 14C, The University of Sydney, Emerald Group

Publishing Limited, Chapter 5 JAPAN, Part Two: Postwar to Present, by Shizuki Saito, pp.185-202.

Japanese Accounting and Auditing System

· American Institute of Certified Public Accountants (1988) The Accounting Profession in Japan,

Professional Accounting in Foreign Countries Series, 81 pages.

· The Japanese Institute of Certified Public Accountants(JICPA), Corporate Disclosure in Japan –

Overview (Sixth Edition), 2010, available at

https://www.hp.jicpa.or.jp/english/about/publications/pdf/PUBLICATION-Overview2010.pdf

· ―― (JICPA), Corporate Disclosure in Japan – Accounting (Third Edition), July 1999.

· ―― (JICPA), Corporate Disclosure in Japan – Reporting (Fourth Edition), December 2002.

· ―― (JICPA), Profession in Japan 2008, available at

http://www.hp.jicpa.or.jp/english/accounting/becoming/index.html

· ―― (JICPA), Corporate Disclosure in Japan – Auditing (Fifth Edition), July 2013, available at

https://www.hp.jicpa.or.jp/english/about/publications/pdf/PUBLICATION-Auditing2013.pdf

Understand Japanese accounting theory

· Someya,K. (1996) Japanese Accounting: A Historical Approach.

· Ito, Kunio and Makoto Nakano (2014) International Perspectives on Accounting and Corporate

Behavior (Advances in Japanese Business and Economics)

· Sunder, S. and H. Yamaji (ed.)(1999) The Japanese Style of Business Accounting, Quorum Books.

https://www.hp.jicpa.or.jp/english/about/publications/pdf/PUBLICATION-Overview2010.pdf

http://www.hp.jicpa.or.jp/english/accounting/becoming/index.html

https://www.hp.jicpa.or.jp/english/about/publications/pdf/PUBLICATION-Auditing2013.pdf

· Kawasaki, Teruyuki and Takashi Sakamoto (2014), General Accounting Standards for small-and

Medium-Sized Entities in Japan, Wiley.

Three GAAP comparison : JGAAP, IFRS, and USGAAP

· http://www.shinnihon.or.jp/services/ifrs/issue/ifrs-others/other/pdf/ifrs-jgaap-comparison-v30-E.pd

f

· http://www.ey.com/Publication/vwLUAssets/EY-US-GAAP-vs-IFRS-the-basics-2013/$FILE/EY-US

-GAAP-vs-IFRS-the-basics-2013.pdf

International Accounting

· Benston, G. J.,(ed.) M. Bromwich, R. E. Litan, and A. Wagenhofer (2006) Worldwide Financial

Reporting: The Development And Future of Accounting Standards, Oxford University Press.

· Godfrey J.M. and K. Chalmers(ed.)(2007), Globalisation of Accounting Standards, Edward Elgar

Publishing.

Auditing(classics)

· Mautz, R.K. and H.A. Sharaf (1961) The Philosophy of Auditing, Monograph No.6, American

Accounting Association, Translated into Japanese, 近澤弘治監訳(1987)『監査理論の構造』中央経

済社.

· Wallace, W. A.,(1991) Auditing Monographs, Second Edition, Pws-Kent Publishing Company,

Boston, Translated into Japanese, 千代田邦夫他訳 (1991)『ウォーレスの監査論―自由市場と規制

市場における監査の経済的役割―』同文舘出版.


· Basically this course will consist of lecture, discussion, presentations (guest speakers), quizzes,

homework and exams.

· It is encouraged to read textbook and reference materials before and after the class.


· e-mail: [email protected]

· Office Hour: Before and after this class

Class Title：Tax Accounting 2 Instructor：Yiuwai Wong Semester：Spring




Learn feature points of the accounting standards for income taxes

2. Learning Goal

The aim of this course is for students to learn general content about tax accounting or tax planning

that is taught in U.S. business school


No. Date Theme Content Materials, etc.

１ 1/Apr/

2016

Orientation Purpose, overview,

Grading scheme

PPT

２ 8/Apr/

2016

Tax planning

fundamentals

Types of income tax

planning, Restrictions

on taxpayer behavior

PPT

Reference

book(※１)

３ 15/Apr/

2016

Choosing the optimal

organizational form

Organizational forms

for production goods

and services,

Computation of

after-tax returns to

pass-through and

non-pass-through forms

of organization

PPT

Same as above

４ 22/Apr/

2016

Implicit taxes and

clienteles,

arbitrage,

restrictions and

frictions

Tax-favored status and

implicit taxes, The

importance of adjusting

for risk differences,

Organizational-form

arbitrage

PPT

Same as above

Report

５ 29/Apr/

2016

Nontax cost of tax

planning

Symmetric uncertainty,

progressive tax rates

and risk taking, Tax

planning in the

presence of risk

sharing

PPT

Same as above

６ 6/May/

2016

The importance of

marginal tax rate and

dynamic tax planning

Marginal tax rate, Tax

planning for low

marginal tax rate

PPT

Same as above

Report

considerations firms,

Reversibility of tax

plans

７ 13/May/

2016

Compensation,

Pension and

Retirement Planning

Salary, deferred

compensation, types of

pension plans employee

Stock-Ownership

Programs

PPT

Same as above

８ 20/May/

2016

Multinational tax

planning（1）

Overview of

multinational

taxation, Investment

decision

PPT

Same as above

９ 27/May/

2016

Multinational tax

planning（2）

Foreign tax credit

limitations, Income

shifting

PPT

Same as above

１０ 3/Jun/

2016

Corporations:

formation,

operation, capital

structure and

liquidation

Corporate formation,

Taxation of corporate

operations

PPT

Same as above

１１ 10/Jun/

2016

Introduction to

mergers,

acquisitions and

divestitures

Reasons and types of

mergers, acquisitions

and divestitures, Major

tax issues associated

with mergers,

acquisitions and

divestitures

PPT

Report

１２ 17/Jun/

2016

Taxable acquisitions

of corporations

Tax consequences of

taxable corporation

PPT

１３ 24/Jun/

2016

Student presentation PPT

１４ 1/Jul/

2016

Student presentation PPT

１５ 8/Jul/

2016

Wrap up Feedback PPT


Attendance (30%)、Frequency and quality of remarks in class (20%)、Presentations and papers (50%)


Scholes, M., Wolfson, M., Erickson, M. Hanlon, M., Maydew, E., Shevlin, T. (2014) Taxes and

Business Strategy: A Planning Approach. Pearson Education, Inc., Upper Saddle River, NJ.



[email protected], 9:30-18:30 Wednesday, Friday


Class Title： Management Accounting Instructor： Susumu Tokusaki Semester： Spring


Teaching Language : English


The objective of this course is to enable students as future corporate or public-sector managers

of developing countries to utilize management accounting information for decision-making and

performance management. This course provides a rigorous application of management

accounting techniques to lead managerial decisions accurately and fairly measure performance,

and identify ways to create value, in relation to the Japanese perspective. Though the focus is on

understanding these areas in the context of private enterprises, the concepts apply equally well

to not-for-profit institutions and governmental organizations.

2. Learning Goal

Toward the end of this course, students will be able to utilize the management accounting

information for management and policy-making.


Class is to be held biweekly on Tuesday, 10:30 – 12:00 & 13:00 – 14:30 from April 11, 2017 to

July 25, 2017; 16 classes in total. July 4 will be skipped so that students can have sufficient time

for term paper (Report #2) preparation.

Table : Management Accounting Schedule


1 4.11 Orientation / Introduction Course objectives, class

outline,

method of instruction,

textbooks, reference books,

evaluation criteria, & notes.

PPT

2 4.11 Foundation of management

accounting: A review

Schools of management

accounting, Anthony’s

framework, planning &

decision-making, control loop

& performance evaluation,

decision-making process.

PPT

3 4.25 Goal of modern management

/ Contemporary mission of

managers / Objectives of

managerial accounting

Business value, shareholder

wealth, value-based

management (VBM)

PPT

Handout 1

4 4.25 Current status of

Japanese management

Accounting

Management accounting

researches and practices in

Japan

PPT

Handout 2

5 5.9 Financial statement

analysis for management

Comparison of financial

performance: Toyota vs. Nissan

PPT

Case*1

6 5.9 Application of CVP analysis Lessons from “Nissan Revival

Plan”

PPT

Handout 3

7 5.23 Risk management Management of leverage and

risk

PPT

Report #1

8 5.23 Management of decentralized

Organization

History of Panasonic’s

divisional system, transfer

pricing, etc.

PPT

Handout 2

Handout 4

9 6.6 Budgetary control: Pros and

Cons

Beyond-budgeting roundtable,

Activity-Based Budgeting

PPT

Handout 5

10 6.6 Performance measurement

and strategic management

systems

Development of performance

measurement, BSC, Kyocera’s

Amoeba System

PPT

Handout 6

11 6.20 Short-term & long-term

Decision-making

Differential cost analysis,

capital budgeting, NPV, etc.

PPT

12 6.20

Synchronizing decision-

making with performance

evaluation

The EVA management system

Of Asahi Glass

PPT

Handout 7

Case*2

13 7.11 Business valuation FCF approach, EVA approach,

Ohlson Model, MVA, Residual

Income, etc.

PPT

Handout 7

Report#2

14 7.11 Mergers & Acquisitions in

Japan

M&A, strategic partnership

PPT

Handout 8

15 7.25

Management of inter-firm

network / Issues of strategic

cost management

JIT system, SCM, TOC /

Throughput Accounting,

Target Costing, ABM, etc.

PPT

Handout 9

16 7.25

Wrap-up and examination 30 minutes of lecture and 60

minutes of written paper

examination

PPT


Attendance and class contribution account for 10% and 20% of the course grade respectively

whereas 2 reports contribute toward 30% of the course grade (15%×2). Final “open-book”

written paper examination carries the remaining 40% credit. Evaluation will be conducted in

accordance with the absolute assessment criteria.


(1) Textbooks

(a) Main texts:

Handout 1 :

Yasuhiro Monden. (2006). Valuation of businesses and evaluation of managers: The global

standard and Japanese models. Monden, Y., Miyamoto, K., Hamada, K., Lee, G., and Asada,

T. (2006). Value-based management of the rising sun. Singapore: World scientific

publishing, 61-74.

Handout 2 :

Masanobu Kosuga. (2008). International management accounting in multinational

enterprises: State-of-the-art of research and practice in Japan. Miyamoto, K. (2008).

International management accounting in Japan: Current status of electronics companies.

Singapore: World Scientific Publishing, 135-158.

Handout 3 :

Kazuki Hamada. (2014). Activities of cross-functional teams (CFTs) in Nissan: Considering

from revitalization activities and their results. Monden, Y. (2014). Management of

enterprise crises in Japan. Singapore: World Scientific Publishing, 65-82.

Handout 4 :

Shufuku Hiraoka. (2014). Overcoming the business crisis by applying capital cost

management: Case study of the Panasonic Group. Monden, Y. (2014). Management of

enterprise crises in Japan. Singapore: World Scientific Publishing, 83-94.

Handout 5 :

Katsuhiro Ito. (2007). An example of Japanese “Beyond budgeting” philosophy. Monden, Y.,

Kosuga, M., Nagasaka, Y., Hiraka, S., and Hoshi, N. (2007). Japanese management

accounting today. Singapore: World scientific publishing, 75-88.

Handout 6 :

Hiroshi Miya. (2006). Japanese micro-profit center: A case study of the Amoeba System at

the Kyocera corporation. Monden, Y., Miyamoto, K., Hamada, K., Lee, G., and Asada, T.

(2006). Value-based management of the rising sun. Singapore: World scientific publishing,

235-246.

Handout 7 :

Shufuku Hiraoka. (2006). Valuation of business based on EVA-type metrics in Japanese

companies. Monden, Y., Miyamoto, K., Hamada, K., Lee, G., and Asada, T. (2006).

Value-based management of the rising sun. Singapore: World scientific publishing, 75-87.

Handout 8 :

Kotaro Inoue. (2010). Do M&As in Japan increase shareholder value? Kurokawa, Y. (2010).

M & A for value creation in Japan. Singapore: World Scientific Publishing, 117-132.

Handout 9 :

Kazuki Hamada. (2012). The importance of inter-company SCM in consolidated group

companies and management accounting. Monden, Y. (2012). Management of an inter-firm

network. Singapore: World Scientific Publishing, 45-59.

(Note: Copies will be provided by the instructor via IGSAP Office.)

(b) Case readings:

Case*1:

Susumu Tokusaki, Toyoya vs. Nissan (Note: To be provided by the instructor)

Case*2:

Desai,Mihir A., Masako Egawa, and Yanjun Wang, The Continuing Transformation of

Asahi Glass: Implementing EVA, Harvard Business School Publishing, Boston, 2004. (Note:

Students should purchase via Bookpark.）

(2) Suggested reference books

(i) Atkinson, Anthony A., Robert S. Kaplan, Ella Mae Matsumura, and S. Mark Young,

MANAGEMENT ACCOUNTING; IFORMATION FOR DECISION-MAKING AND

STRATEGY FORMULATION, Prentice-Hall, Upper Saddle River, 2011, 6th edition.

(ii) Horngren, Charles T., Srikant M. Datar, and Madhav V. Rajan, COST ACCOUNTING,

Prentice Hall, Upper Saddle River, 2014, 15th edition.


Preparation and/or review may take an average student approximately 10 hours per week.


(1) Requirements

Students should be familiar with introductory finance. Please bring a calculator. (PCs and

smartphones are not allowed.)

(2) E-mail

[email protected]

(3) Office Hour

By appointment

Class Title：Global Politics: Present and Future Instructor：Prof. Hitoshi OHNISHI

Semester：Spring

Course Number: EAC-ECM670



The aim of this advanced lecture course is to study the main issues in contemporary world

politics. More concretely, in the course the students are requested to consider how and why the

issues have emerged and developed and look for feasible solutions to them in order to build a

future desirable global society.

2. Learning Goal

In the lecture course the students are expected to develop their capabilities to analyze the

global issues and present their own original ideas on solutions to them.


The lectures will be usually given in Hirai Classroom at 2:40-4:10 p.m. on Thursday from April

to the end of July in 2017. But, two classes will be given in the same classroom at 2:40-5:50

p.m. on Saturday, 10 June.

Timetable of Classes

1 Introduction to the lecture course

2

Nuclear weapons 3

4

5 Causes of war and designs for peace

6

7 Globalization, and the rise of ethnocentric nationalism and

populism: the age of US President Trump

8 Massive hunger and poverty

9

10 Environmental problems and sustainable development

11

12 Non-violence and alternative security

13

14 Oral presentations made by students

15

※A more detailed timetable will be announced in the first class on 13 April.


Attendance 20%

Frequency and quality of remarks in class 20%

Short essays 30%

Term paper and oral presentation 30%


Textbook: John Baylis, Steve Smith, and Patricia Owens (eds.), The Globalization of World

Politics: An introduction to international relations 6th edition, Oxford

University Press, 2014

6. Reading assignments

The students who enroll for the lecture course are requested to read the relevant chapters

in the textbook in advance. Which chapter(s) is/are relevant to each topic in the lecture will

be advised in class. About 20 copies of the textbook will be available in IGSAP Office in

Hirai during the term.

Further readings and other kinds of material will be distributed, shown or advised in class

as well.

7. Notes

Papers

Each student is requested to submit several short essays on the topics in the lecture and a

term paper in the final stage of the lecture course. The student is usually expected to make

the term paper by improving one or some of the short essays he/she has already submitted.

Each student is requested to make a brief presentation on her /his term paper in either of

the final two classes as well.

Debates, questions and comments

Debates over the topics in the lecture will be frequently formed in class. The students

are encouraged to express their original views as much as possible.

Questions and comments will be welcome in and after class.

Class Title：Global Health 2 Instructor：Prof. Yoshitaka TSUBONO Semester：Spring




This is an advance course for Global Health 1. See Objectives and Outline for Global Health 1.

2. Learning Goal

The students are expected to learn basic concepts, methods, and current status of global health issues and to

apply these skills and knowledges to propose solutions for health issues of interest in their countries.


The lectures will be given in Kasumigaseki Classroom at 14:40-16:10 and 16:20-17:50 on every other

Saturday from the beginning of April to the end of July in 2017.


1 Introduction

2 The Principles and Goals of Global Health 2

3 Health Determinants, Measurements, and Trends 2

4 Health, Education, Poverty, and the Economy 2

5 An Introduction to Health Systems 2

6 The Environment and Health 2

7 Communicable Diseases 2

8 Noncommunicable Diseases 2

Class contents are subject to modification according to the students’ backgrounds and interests. This will be

discussed in the first class.


(1) 30%: Attendance

(2) 40%: Class participation, including presentation of summary of the textbook chapter

assigned

(3) 30%: Term paper, due by the end of the semester


Skolink R. Global health 101. 3rd ed. Jones & Bartlett Learning, 2015.

Marmot M. The Health Gap: The Challenge of an Unequal World. Bloomsbury, 2015.

Other reading materials will be distributed during the classes.


The students are requested to read the relevant chapters in the textbook in advance. The students assigned

to present a summary of the textbook chapters are required to prepare handout to other students. Each student

is required to submit a term paper at the end of semester.


No previous knowledge of biology or health sciences is required, since this lecture addresses global health

issues from social science perspectives and the lecturer (medical doctor and PhD) will explain relevant basics.

Students can contact the lecturer anytime via email: [email protected].

*If you would like to see the Global Health 1 Syllabus, please contact IGSAP Office individually.


Class Title：Science, Technology and Human Beings 2

Instructor：Prof. Masako Ikegami Semester：2017 Spring




This course is designed to introduce the historical case studies of critical decision-making over

the development and use of nuclear weapons and technology.

Main topics include: the Manhattan Project, atomic bombing of Hiroshima and Nagasaki, Cuban

missile crisis, nuclear arms race during the Cold War, weapons of mass destruction (WMD)

proliferation, North Korean and Iranian nuclear crises, missile defence, arms control & nuclear

non-proliferation, and nuclear energy. Some policy issues, such as nuclear arms control and

disarmament, nuclear deterrence, nuclear diplomacy and nuclear energy, are also included.

2. Learning Goal

Upon completion of the course, students are expected to be able to:

• Acquire the basic concepts and understanding of the topics covered in this course thorough

literature reading;

• Develop capabilities of analyzing the historical and current cases of critical decision-making

over the development and use of nuclear weapons;

• Demonstrate capabilities of discussing the complexity of specific nuclear policy issues through

critical thinking and essay work.


DAY 1 (April 8)

Lec 1: Introduction

Lec 2: Science & technology in the modern nation-state system 1

Lec 3: Science & technology in the modern nation-state system 2

DAY 2 (April 22)

Lec 4: The Manhattan Project: Developing the Atomic bomb

Lec 5: Decision-making of the use of the Atomic bomb re-examined 1

Lec 6: Decision-making of the use of the Atomic bomb re-examined 2

DAY 3 (May 13)

Lec 7: The Cold War nuclear arms race, nuclear deterrence doctrine and strategy

Lec 8: Arms control & disarmament, Nuclear non-proliferation

Lec 9: New security problems after in the post-Cold War era

DAY 4 (MAY 20)

Lec 10: Defense Technology Development and the Military-Industrial Complex (MIC)

Lec 11: The Pentagon and the Universities

Lec 12: Criticism of the MIC

DAY 5 (MAY 27)

Lec 13: Oral presentation of the students’ independent studies

Lec 14: Oral presentation of the students’ independent studies

Lec 15: Wrap-up discussion


This course consists of obligatory lectures and seminars. Each student is required to read the

assigned readings and come prepared to discuss them. Active participation, oral presentation and

essay work are required to pass the course. Basic knowledge of international politics is

preferable for effective participation. The evaluation is based on the followings:

• Regular class attendance and active participation: 40%

• Essay work (final paper) with oral presentation: 60% (essay 30% + oral presentation 30%)


A compendium of articles and book chapters will be distributed as hand-outs


This course consists of obligatory lectures and seminars. Each student is required to read the

assigned readings and come prepared to discuss them. Active participation, oral presentation and

essay work are required to pass the course. Basic knowledge of international politics is

preferable for effective participation.


Office hour by appointment via E-mail <[email protected]>

Class Title: Public Policy Formation in Practice 2 | Instructor: Dr. Ryan Hartley | Semester: Spring


Teaching Language：English


The course’s goal is to introduce the study of Public Policy with a particular focus on both theoretical and practical

dimensions. This means: (1) understanding the historical and conceptual pre-cursors to approaching public policy; (2)

coming to terms with differing approaches to public policy, in terms of typologies, frameworks, and theories; and (3)

grasping the various methods of analyzing public policy, ranging from the traditional to the non-mainstream.

Topics are organised into ‘7 x two-class’ themes. The seven themes are: (1) Introduction to Public Policy, (2) Policy,

Power, and Politics, (3) Mapping the field of Public Policy, (4) Theorising Public Policy, (5) Analysing Public Policy,

(6) The Policy Cycle, and (7) Beyond the Policy Cycle. Therefore for each of these seven themes, two intra-thematic

topics will be explored.

2. Learning Goal

The course takes both a uni-directional format (lectures) and a discursive dialogical format (seminars). It relies heavily

on: (a) information through reading, (b) information by listening, and (c) engaging through discussion and questioning.

Regarding the first, students are expected to read all assigned academic texts – there will usually be a lot for each class,

and you must read them all (forming study groups to share readings would be helpful). Regarding the second, students

will participate actively in lectures. This means being part of what might be called a ‘strongly led discussion’ rather than

a passively received lecture. You will be expected to question and critically engage with what you will hear. Regarding

the third, you will be discussing both readings and lectures prior to and during each class.

With these learning goals in mind, each class will follow the same structure – 30 minutes for a discussion of the

readings, a 40-45 minute lecture, and 15-20 minute Q/A. Not only will this help develop a broad range of learning skills

and consolidate the knowledge you will be receiving, you will be being assessed on your participation during this time.

You will also be assessed on the basis of a written output (an essay) and a verbal output (presentation). Both essay and

presentation will be on the same topic. The topic will be an analysis of a policy in a sector and country of your choice.

You will work on the development of your choice of this topic through discussion with your teacher. The deadline for

both will be July 25th

.


You can find this syllabus here - http://tinyurl.com/zd97y7w and the readings here - http://tinyurl.com/zpfzpe4

NOTE: There will be no classes on April 11th and May 2

nd.

http://tinyurl.com/zd97y7w

http://tinyurl.com/zpfzpe4

Class Date/Time Theme Topic Texts

1

Tuesday, April 4th

,

18.00-19.30

Introduction to

Public Policy

What is Public

Policy?

* Anderson, ch1 (the study of public policy)

* Sebatier & Weible, ch1 (introducing the scope

and focus of policy process research and theory)

2

Tuesday, April

18th

, 18.00-19.30

Historical Contexts * Moran, ch2 (the historical roots of the field)

* Fischer, ch1 (the policy sciences at the

crossroads)

3

Tuesday, April

25th

, 18.00-19.30 Policy, Power,

and Politics

Power and Policy * Cairney, ch3 (power and public policy)

4

Tuesday, May 9th

,

18.00-19.30

Government

Systems and

Ideologies

* Heywood, ch2 (governments, systems and

regimes)

* Heywood, ch3 (political ideologies)

5

Tuesday, May 16th

,

18.00-19.30 Mapping the

field of Public

Policy

Typologies * Knill & Tosun, ch2 (the nature of public

policies)

6

Tuesday, May 23rd

,

18.00-19.30

Policy Types

* Birkfield, ch2 (elements of the policy making

process)

* Birkfield, ch7 (policies and policy types)

* Moran, ch 19 (policy in practice)

7

Tuesday, May 30th

,

18.00-19.30

Theorising

Public Policy

Theoretical

Approaches

* Knill & Tosun, ch4 (theoretical approaches to

policy making)

8

Tuesday, June 6th

,

18.00-19.30

Agents and

Structures,

Rationality and

Ideas

* Cairney, ch4 (institutions and new

institutionalism), ch5 (rationality and

incrementalism), ch6 (structural explanations),

ch7 (rational choice theory), ch11 (the role of

ideas)

9

Tuesday, June 13th

,

18.00-19.30

Analysing

Public Policy

Policy Analysis * Birkland, ch8 (decision making and policy

analysis)

10

Tuesday, June 20th

,

18.00-19.30

Institutions,

Groups, Exogenous

Shocks, Actors, and

Ideas

* John, ch 3 (institutions), ch 4 (groups and

networks), ch5 (exogenous determinants), ch6

(rational actors) & ch 7 (ideas)

11

Tuesday, June 27th

,

18.00-19.30 The Policy

Cycle

The Policy Cycle * Fischer, ch4 (theories of the policy cycle)

* John, ch2 (stages)

12

Tuesday, July 4th

,

18.00-19.30

Stages of the Policy

Cycle

* Knill & Tosun, ch5 (problem definition and

agenda setting), ch6 (decision making), ch7

(implementation), & ch8 (evaluation)

13

Tuesday, July 11th

,

18.00-19.30 Beyond the

Policy Cycle

Alternatives to

the Policy Cycle

* John, ch8 (a synthesis)

* Cairney, ch9 (punctuated equilibrium), ch10 (the

advocacy coalition framework), ch12 (policy

transfer)

14

Tuesday, July 18th

,

18.00-19.30

Public Policy in a

Global Context

* Knill & Tosun, ch10 (public policies beyond the

nation-state)

* Moran, ch29 (globalisation and public policy)

15

Tuesday, July 25th

,

18.00-19.30

Presentations and

Essay deadline

Not applicable


(1) 20%: Attendance, class performances, and group works.

(2) 40%: Essay, 2000-3000 words

(3) 40%: Seminar presentation and leadership


* Adachi, Yuko., Hosono, Sukehiro. & Iio, Jun. (2015) Policy Analysis in Japan. University of Bristol: The Policy Press

(International Library of Policy Analysis)

* Anderson, James. E. (2003) Public Policymaking: An Introduction. Boston: Houghton Mifflin

* Birkland, Thomas, A. (2016) An Introduction to the Policy Process: Theories, Concepts, and Models of Public Policy

Making. New York & London: Routledge (4th ed.)

* Cairney, Paul. (2012) Understanding Public Policy: Theories and Issues. London: Palgrave Macmillan

* Fischer, Frank., Miller, Gerald. J. & Sidney, Mara. S. (2007) Handbook of Public Policy Analysis: Theory, Politics,

and Methods. Boca Raton, London, New York: CRC Press

* Heywood, Andrew. (2012) Politics. Hampshire and New York: Palgrave Macmillan (2nd

ed.)

* John, Peter. (2012) Analyzing Public Policy. Oxon & New York: Routledge (2nd

ed.)

* Knill, Christoph. & Tosun, Jale. (2012) Public Policy: A New Introduction. London: Palgrave Macmillan

* Kraft, Michael. E. & Furlong, Scott. R. (2012) Public Policy: Politics, Analysis, and Alternatives. California, London:

Sage Publications Ltd.

* Lister, Ruth. (2012) Understanding Theories and Concepts in Social Policy. University of Bristol: The Policy Press

* Moran, Michael., Rein, Martin. & Goodin, Robert E. (2006) The Oxford Handbook of Public Policy (Oxford

Handbooks). Oxford: Oxford University Press

* Sebatier, Paul. A. & Weible, Christopher, M. (2014) Theories of the Policy Process. Boulder, Colorado: Westview

Press (3rd

ed.)


Students are expected to complete all core readings. These readings not only provide the background for the lecture,

thereby making the topic easier to understand and hopefully an opportunity for a two-way critical dialogue; but the

readings will also be the focus of the afternoon seminars where they will be interrogated more closely.


Email contact: [email protected]


Class Title：History of Finance for SMEs 2

Instructor： Masatoshi SAKAKI Takeshi NAKANO, Kenji Wakatsuki

Semester：Spring, Course Number: EAC-ACC675



It is said that the high accounting literacy level in Japanese society is remarkable (e.g. tax return

using self-declaration by more than 4 million companies (mainly by SMEs: small and medium

enterprises)). This Japanese social infrastructure that supports SMEs has been built and developed since

the modernization period in Meiji Era. This history of development in Japan would be very informative for

Asian and African countries where need to develop social institutions under the cooperation of the public

and private sectors in the rapid economic development.

In this lecture class, we'll introduce the history of finance for SMEs focusing on business

administration, accounting and other surrounding systems in SMEs referring to best practice in Japan.

2. Learning Goal

The principle goal of this lecture class is to learn essential knowledge to become professionals who

are willing to contribute to the society and organizations through development of business environment of

SMEs.

In Japan, after the Meiji Era, a community-based financial system for SMEs developed, and

especially after World War II, this financial system conducted by SMEs has played an important function

for Japanese economy and industrial development.

Moreover in recent years, with the progress of globalization, it has become easier for some business

entrepreneurs who have achieved great success to list their shares to the securities markets and received

huge funds to become big companies. However, from the standpoint of SMEs in globes, still we can find

many social issues surrounding SMEs finance system. It is indicated that the development of supporting

financial system for SMEs has been delayed, and there is a movement to find the key to solve such

problems in the financial system.

It is considered that this Japanese best practice of SMEs would provide some important clues for

developing SME finance system for many emerging countries.


# Date Topic Contents Reference

1 April 2nd Introduction of the lecture

course

Objective, Outline,

Methods, Evaluation

PPT

2 April 9th Outline of SME policies and

its surrounding systems(1)

Overview

Essential finance

structure

surrounding SMEs

PPT

3 April 16th Outline of SME policies and SMEs in the PPT

its surrounding systems(2) Japanese economy

Industrial Policy

4 April 23rd Outline of SME policies and

its surrounding systems(3)

Links between Global

firms and SMEs

PPT

5 April 30th Basic Institutional Systems

surrounding SMEs(1)

Legal, Economical

and other social

systems surrounding

SMEs(1)

Companies Act,

Financial

Instruments and

Exchange Act(FIEA)

Tax code

PPT

6 May 7th Basic Institutional Systems

surrounding SMEs (2)

Legal, Economical

and other social

systems surrounding

SMEs(2)

PPT

7 May 14th Basic Institutional Systems

surrounding SMEs (3)

Legal, Economical

and other social

systems surrounding

SMEs(3)

PPT

8 May 21st Globalization and its

impacts towards SMEs(1)

Overview of Japanese

manufacturing

industry

PPT

9 May 28th Globalization and its

impacts towards SMEs(2)

The rise of Japanese

industry

Case study: Toyota

Motor Corp.

PPT

10 June 4th Accounting and tax systems

for SMEs(1)

Characteristics of

SME Accounting in

Japan and its policies

PPT

11 June 11th Accounting and tax systems

for SMEs(2)

Institutional issues

facing the general

accounting/tax

system for SMEs

PPT

12 June 18th Basics on Venture

companies(1)

Fundamental

venture schemes

PPT

13 June 25th Basics on Venture

companies(2)

Case studies PPT

14 July 2nd Guest lecture PPT

15 July 9th Wrap-up PPT

· Alternative dates as necessary: July 16th, 23rd and 30th.

· Lecture contents are subject to change according to the lecture progress and lecturers’ schedules.

· Detail schedule will be informed at the first lecture class.

Basic outlines

(1) Globalization and its impacts towards SMEs

According to the evidence by Japanese Global Automobile industry, it is obvious that Japanese automobile

industry is supported by a wide base of small business groups.

We’ll learn about its history and characteristics.

(2) Basic Institutional Systems surrounding SMEs

When we talk about Japanese SEMs’ economic systems, best knowledge surrounding SMEs such as legal

and tax systems are mandatory. We’d like to learn the history of various SMEs institutions in Japan, not

only its success points, but also from failed points etc.

(3) Venture company

Unlike the US venture, Japanese venture companies have grown over various difficulties under strict

regulations. Current large companies representing Japan started their business originally from ventures,

and have grown over the restrictions and overcome the difficult social environment.

Regulations are not all evil. It also works as to protect the lives and safety of the people. We would like to

tell the Japanese experience of venture companies which have achieved balance between such regulations

and growth.


Class participation 70% (No show counts for zero points in the final evaluation). Report 30%.


· No main textbook specified.

· Handouts will be provided in each class.

· Reference materials are announced as necessity in the class.

Reference(Main)

· Teruyuki Kawasaki, Takashi Sakamoto, General Accounting Standards for small-and Medium-Sized

Entities in Japan, Wiley, 2014.

Some copies are available at IGSAP office

References : useful websites for study

· Japanese tax guide by National tax agency in Japan

https://www.nta.go.jp/foreign_language/

· Japanese Law Translation (in English)

http://www.japaneselawtranslation.go.jp/law/list/?ft=2&re=01&dn=1&yo=%E4%BC%9A%E7%A4%

BE%E6%B3%95&ia=03&=&x=78&y=25

· Outline of SEM Policies by the Small and Medium enterprise Agency

http://www.chusho.meti.go.jp/sme_english/index.html

· Small Firms in the Japanese Economy

http://www.crosscurrents.hawaii.edu/content.aspx?lang=jap&site=japan&theme=work&subtheme=

INDUS&unit=JWORK059

References : Doing Business series

· Doing Business in Japan - World Bank Group

http://www.doingbusiness.org/data/exploreeconomies/japan

· How to Set Up Business in Japan | Investing in Japan - JETRO

https://www.jetro.go.jp/en/invest/setting_up/


It is encouraged to read reference materials before and after the class.



[email protected]

[email protected]

Office hour: After this class

Class Title：Scoring Model 2 Instructor Masumi Nakashima,Ph.D. Semester：Spring




The objectives of this course is to provide with students the concepts and tools in order to analyze financial

statement information for economic decisions and firm valuation. Scoring model courses consist of the followings:

strategic analysis, accounting analysis, financial analysis, forecasting financial statements and equity valuation.

Students already learned strategic analysis and financial analysis such as ratio analysis and cash flow analysis, and

forecasting the financial performance of the firm in the future through Scoring Model 1. We focus on financial

reporting quality analysis as accounting analysis and estimating the value of the firm in Scoring Model 2.

2. Learning Goal

After the completion of this course, students are expected to understand the fundamental concepts and knowledge

related to financial reporting quality analysis and the capital markets and valuation. Learning goals are the

following:

1. to develop students' ability to assess the "quality" of financial statement data for individual firms, and to adjust

that data as required by the decision context.

2. to understand the dividend discount model, the residual income model, and the present value of free cash flows as

alternative valuation models.


Classes are to be held on Thursdays, 10:30-12:00 from April through July, 2017. This course has 15 classes in total.

The following is the tentative schedule of this course.


(1) Contribution to class 10%,

(2) Assignments 20%

(3) Analysis Paper 50%, and

(4) Presentation 20%.


#1 Business Analysis Valuation: Using Financial Statements, Krishna G. Palepu and Paul M. Healy 5th

edition, 2013. South-Western College Publishing (ISBN-10: 1111972303 | ISBN-13: 978-1111972301).

#2 Earnings Management and Earnings Quality: Evidence from Japan, Masumi Nakashima, 2015,

Hakuto Shobo Publishing (ISBN: 9784561362104)

The above textbooks are to be stored at the classroom at Hirai.

http://www.hakutou.co.jp/book/b194409.html

Supplemental materials


You should read the chapter before class and work on assignment after class in order to enhance your understanding

the class content.


Instructor: Masumi Nakashima, M.B.A., Ph.D.

Adjunct Instructor at Tohoku University IGSAP

Chair and Professor of Accountancy at Chiba University of Commerce


[email protected]

Office hours: By appointment

Class Topic Contents Readings

4 月 6 日 Introduction

4 月 13

日

Prospective analysis for

valuation theory and

concepts

Valuation based on price multiples and discounted

dividends Ch. 7

4 月 20

日


valuation theory and

concepts

Valuation based on discounted abnormal earnings

and Discounted cash flow (DCF). Ch. 7

4 月 27

日


valuation

implementation

Detailed forecasts over a finite number of years, and

a forecast of terminal value. Ch. 8

5 月 4 日


valuation

implementation

Case study of TJX Ch. 8

5 月 11

日 Holiday

5 月 18

日 Equity Security Analysis

Establishing the objective s of the investor, forming

expectations about the future returns and risks of

individual securities and combining individual

securities into portfolios to maximize progress

toward the investment objectives.

Ch. 9

5 月 25

日 Equity Security Analysis

Combining individual securities into portfolios to

maximize progress toward the investment

objectives.

Ch. 9

6 月 1 日 Financial Reporting

Quality

Financial reporting quality: Accruals quality and

smoothness

Earnings

Management

and Earnings

Quality


6 月 8 日 Financial Reporting

Quality

Financial reporting quality: Accuracy for cash flow

prediction

Earnings

Management

and Earnings

Quality

6 月 15

日 Credit Analysis

The credit analyses process in private debt markets,

financial statement analysis and prediction of

distress and turnaround

Ch. 10

6 月 22

日

Communication and

Governance

Management communication with investors,

communication through financial reporting,

communication with financial policies, and alternate

forms of investor communication

Ch. 12

6 月 29

日 Class presentation

7 月 6 日 Class presentation

7 月 13

日 Class presentation

7 月 20

日

Class presentation and

wrap-up review

Class Title：Practice of SME Banking Instructor：Ryuichiro Funaki Semester：Spring




SME Bank is the main source of financial lending for the small and medium-sized enterprises

(SMEs). This class introduced the principles and evaluation process, through the use of various

cases discussion, on how the SME Banking evaluate the business plan and make the final decision

on loan lending. The themes covered in this class are, (1) Analysis of financial and business

plan, (2) Identification of corporate structure (strengths and weaknesses), (3) Evaluation

of quality management, (4) Credit rating and corporate review, (5) Loan projection and, (6)

other financing schemes.

2. Learning Goal

In the lecture course, the students expected to understand the process of evaluating business

plan of SMEs and the background of Japanese Banks.



# Date Contents

1 8/5 Introduction to the lecture course

2 8/6

Case study 1 ( Company A)

Group discussion, presentation and lecture

3 Traditional process of loan evaluation

4 8/12

Case study 2 ( Company B)


5 Financial supervision and regulation in Japan

6 8/13

Case study 3 ( Company C)


7 Analysis of financial and business plan

8 8/19

Case study 4 ( Company D)


9 Financing schemes for SMEs in Japan

10 8/20

Case study 5 ( Company E)


11 Practice of SMEs revitalization

12 8/26

Case study 5 ( Company E) ～ continuation


13 Practice of SMEs revitalization

14 8/27 Case study 6 ( Company F)


15 Summary


Attendance 20%


Group discussion and presentation 30%

Short essays 30%


None

Summary paper and case book will be distributed until 1st lecture.


The students are expected to read the cases previously and summarize their idea as

preparation for case study.


Requirements : Knowledge of financial statements and account title

E-mail : [email protected]

Phone : 080-6718-6725

Office Hour : Not yet fixed


Class Title：Corporate Finance and Cash Flow Management 2 Instructor：Noboru Nishiyama

Semester：Spring




In this class, mid and long term business plan and cash flow management would be focused

entirely on working with the students who have been on Corporate Finance and Cash flow

management I. Mid and long term business plan is composed of business investment,

penetration into new business areas and M&A(merger and Acquisition). In these cases, the way

of funding should be enlarged in terms of schemes not only with borrowing money from financial

institutions but also with equity finance, issuance of corporate bond, sale of unnecessary

business or assets. Students would also understand way to construct cash portfolio and to set up

repayment plan.

2. Learning Goal

The aim of this class is to expect students to learn the practical aspects of Finance Theory

especially for SME through discussing long term business plan and financial strategy with

financial risk management.


The class will be given in Hirai #1 classroom at 16:20-17:50 on every Wednesdays from the

beginning of April in 2017 to the end of July in 2017; 15 classes will be held in total.


1 2016.4.12 Orientation &

Introduction

Objective, Outline of

the classes, Methods,

Evaluation

PPT

2 4.17 Special Session at

Tokyo Stock

Exchanges and

Parliament

Japanese Stock Market

& Economy

To be announced

in detail at the

1st lecture on

2016.4.12

3 4.19 Business Formation,

Growth, and

Valuation for SME (1)

The key components of

a business plan and

what a business plan is

used for.

PPT

Reference *1

Based on former

part of chapter

18


Growth, and


Valuing Business and

Major business

Valuation Approaches.

PPT

Reference *1

Based on latter

part of chapter

18


Growth, and


How Firms Raise

Capital for business.

PPT

Reference *1

Based on

chapter 15


Growth, and

Valuation for SME

(final)

Presentation and

submit the summary

report for from 2-4

7 5.24 Financial Planning

and Forecasting

methods (1)

How management uses

financial planning

models in the planning

process

PPT

Reference *1

Based on the

former part of

chapter 19


and Forecasting

methods (2)

What factors determine

a firm’s sustainable

growth rate

PPT

Reference *1

Based on the

latter part of

chapter 19


and Forecasting

methods (final)

Presentation and

submit the summary

report for from 6-7

10 6.14 Corporate Risk

Management (1)

Theoretical back

ground for risk

management- Option in

derivatives

PPT

Reference *1

Based on

chapter 20 and

more


Management (2)

Theoretical back

ground for risk

management-portfolio

theory

PPT

Reference *1

Based on

chapter 20 and

more


Management (3)

Theoretical back

ground for risk

management-portfolio

theory

PPT

Reference *1

Based on

chapter 20 and

more


Management (Final)

Presentation and

submit the summary

report for from 9-11

14 7.12 Summary of whole

classes

Summarize and explain

the discussion and

presentation going

forward

PPT

15 7.19

Final presentation (1) Discussion and final

presentation from

students and submit

the final report.

PPT

16 7.26

Final discussion and

presentation (2)

Discussion and final

presentation from

students and submit

the final report.

PPT


(1) 30%: Class participation and contribution to the discussion

(2) 30%: 3 times of presentation and summary reports

(3) 40%: Final presentation and quality of discussion

Note: The allocation ratios may be changed and notified


(*1) Robert Parrino, David S. Kidwell, Thomas Bates, Peter Moles, Fundamentals of Corporate

Finance, 3rd Edition International Student Version, 2015 (The 2 books are to be stored at the

library of Hirai.)


Pre-reading and review of the class materials is required. The class materials would be

distributed as earlier as possible before each classes. You may also need to challenge the each

summary reports to reflect your original ideas in line with the theme and discussion given in the

classes.


E-mail: [email protected]

I would always welcome questions and feedback by e-mail: [email protected]

1 It’s preferable that students would enroll in Corporate Finance and Cash flow management 2

after this class and have strong interest in the specific subject.

2 Enrollment in RST on Finance (Class is to be held on every Wednesday, 18:00 – 19:30) would be

recommendable if you are going to write the research paper or interested strongly in statistical

methods relevant to finance area with data analysis.

Class Title：Japanese Business Communication 1 Instructor：Yoko Suga Semester：Spring


Teaching Language： English, Japanese (by the Direct Method as much as possible)


As part of effort toward globalization, active measures by Japanese companies that employ

foreigners is required. With global trends, after finishing the graduate study, more or less of

students will be employed by Japanese companies, and will have chance to communicate

with Japanese colleagues, customers and so on. The abilities to express greetings, to

introduce themselves, to explain their countries in the companies or organizations are

expected. In addition, the course of IGSAP is to aim to cultivate world-class international

specialists, so in some cases, exhibiting leadership in specialized fields, and making use

Japanese language as leaders are expected. Besides, it is necessary to survive in Japanese

society at least about 1 year. So essential Japanese literacy, ability to adapt to Japanese

society and higher level communication skills with basic etiquettes and manners are

indispensable. Basically, this class 1 is prepared for students who have already learned in

the class 2 in the former Autumn Semester. These classes are continuation from the former

term. Students will continue to study Japanese with the same textbooks and grammar

books. Other than language, students will get acquire knowledge of Japanese manners and

customs.

(And besides class 1, 2, Japanese class S will be held for higher level group of students who

have already studied Japanese before the entrance into IGSAP for years. In this class S, the

various topics about language or culture and so on concerned with Japan are discussed in

the class S. )

2. Learning Goal

The learning goal is to obtain basic communication skills in Japanese and the cultural

knowledge and manners necessary to effectively and appropriately perform various kinds of

basic interpersonal and interpretive communication tasks in real-life within and beyond

classroom situations.


Students have already divided into 2 groups in former Autumn Semester. Former Class 2

students shall register Class 1 this spring semester. Former Class1 students can’t register

Class1 this spring semester. Course Contents are more and progress is faster pace than Class2.

Schedule

1)4／6 Special Lecture：Special Guest Speaker (Prof. Koji Oikawa)

2)4／13 L7 あげ-もらい expression

3)4／20 L8 Adjective

(Mini Quiz)

4)4／27 L9 Ask reason, Expression of an ability and a taste

(Mini Quiz)

5)5／4 L10 Expression of the position and positional relationship

(Mini Quiz)

6)5／18 L11 Counter suffixes, Expression of frequency

Compare any two items

(Mini Quiz)

7)5／25 L12 Use tense and affirmative/negative forms of noun sentences, い-,

な-adjectives sentences.

(Mini Quiz)

8)6／1 L13 Expression of what learners want and desire to do.

Expression of the purpose to move

Expression of something, somewhere

(Mini Quiz)

9)6／8 L14 V て-form

Expression of certain and motion in progress

Expression used when the speaker offer to do something

for the listener

(Mini Quiz)

10)6／15 L14 V て-form

Expression of certain and motion in progress


for the listener.

Expression of prohibition, continuing action

(Mini Quiz)

11)6／22 L15 Expression of certain and motion in progress


for the listener.

Expression of prohibition, continuing action

(Mini Quiz)

12)6／29 L16 How to join two or more sentences together.

Expression of asking the way or how to do something

Expression used when the topic N1 has the characteristic “N2

が adj.

(Mini Quiz)

13)7／6 L17 Expression of asking or instructing someone not to do something

Expression that means something has to be done regardless of

the will of the actor

Expression of indicting that the action does not have to be done

(Mini Quiz)

14)7／13 Review L7~L17

15)7／20 Achievement Test


Attendance, and learning, pair or group work’s attitude actively in the class =35%

Homework, and individual recitation(Mini Quiz) =30%

Examination =35%


It's the same textbook and references as the former Autumn semester.

Please prepare the materials by yourself.



Please read “Minnano Nihongo Grammar Notes” thoroughly and carefully for preparation.

Please memorize new words and phrases for review.


The number of lessons in one semester is limited, only 90minutes×15times. So it's important to

continue practicing and learning words and phrase by heart not only in classes but also out of

school. Once one student skips one lesson, it's very hard to catch up with other classmates.

Therefore, regular attendance is also required.

~Rules in Class for keeping our positive and effective learning environment which promotes

cooperation, creativity, and success.

1) Arrive on time

2) Be ready to learn

3) Use manners as an adult

4) Set the cell-phone to silent mode (If possible, turn off the cell-phone)

5) No food（small one like a candy is permitted ), no smell of food. Drink is O.K.

6) Be respectful to your classmates and teachers

7) Take risk and make mistakes

8) Raise your hands (But in case you would go to restroom during my lesson, it is O.K that you

could raise your pocket tissues without any words.)

9) Properly throw the trash away in the trash can, we keep our classroom clean

10) Stick to the submission date


Office Hour: Students can contact me anytime via email.


Class Title：Japanese Business Communication 2 Instructor：Yoko Suga Semester：Spring


Teaching Language： English, Japanese (by the Direct Method as much as possible)


As part of effort toward globalization, active measures by Japanese companies that employ

foreigners is required. With global trends, after finishing the graduate study, more or less of

students will be employed by Japanese companies, and will have chance to communicate

with Japanese colleagues, customers and so on. The abilities to express greetings, to

introduce themselves, to explain their countries in the companies or organizations are

expected. In addition, the course of IGSAP is to aim to cultivate world-class international

specialists, so in some cases, exhibiting leadership in specialized fields, and making use

Japanese language as leaders are expected. Besides, it is necessary to survive in Japanese

society at least about 1 year. So essential Japanese literacy, ability to adapt to Japanese

society and higher level communication skills with basic etiquettes and manners are

indispensable. Basically, this class 2 is prepared for students who have already learned in the

class 1 in the former Autumn Semester. These classes are continuation from the former term.

Students will continue to study Japanese with the same textbooks and grammar books.

Other than language, students will get acquire knowledge of Japanese manners and customs.

(And besides class 1, 2, Japanese class S will be held for higher level group of students who

have already studied Japanese before the entrance into IGSAP for years. In this class S, the

various topics about language or culture and so on concerned with Japan are discussed in the

class S. )

2. Learning Goal

The learning goal is to obtain basic communication skills in Japanese and the cultural

knowledge and manners necessary to effectively and appropriately perform various kinds of

basic interpersonal and interpretive communication tasks in real-life within and beyond

classroom situations.


Students have already divided into 2 groups in former Autumn Semester. Former Class 1

students shall register Class 2 this spring semester. Former Class2 students can’t register

Class2 this spring semester.

Autumn Semester 2016 Spring Semester 2017

Class 1 (Zero Start)

Students learn Hiragana and Katakana,

and essential Japanese words and phrases.

Class 2 (Beginners, but not Zero Start)

Students learn Japanese language and phrases

with Hiragana and Katakana.

Schedule

# Topic Contents Reference

1 Special Lecture

4／6

Special Guest Speaker (Prof. Koji Oikawa)

2 Introduction

Review L1~L5

and L6

4／13

(Orientation for this Spring semester)

-Review L1~L5 and the former of L6

-Let’s talk in Japanese, and knock the rust off with one

another.

~Can do:

1) Make a hazy memory what learners have studied in

Autumn Semester clear by review

2) Use the particle で to indicate the occurrence of an

action that place

Handout

PPT

3 Introduction

L 6

4／20

-Review #2

~Can do:

1) Invite someone to do something

2) Respond positively to an invitation

3) Reject an invitation politely

4) Use the particle か to receive and accept some new

information.

Handout

PPT

4 L7

4／27

-Review #2,3

~Can do

1) Use the particle で to indicate a method or means

used for an action

2) Ask how to say a word or sentence in another

language.

3)あげ-もらい expression

(We learn how to call my family and other’s family

concurrently.)

Handout

PPT

5 L7

5／4

Review #2,3,4

Express how the impressions of things or the state of

affairs around learners.

Can do:

1) Express for the action has been completed

2) Omit particles in informal speech

Handout

PPT

6 L8

5／18

Review #2,3,4,5

Can do:

Express with な-adjective and い-adjective

(We learn how to Express Colours and Tastes)

7 L8

5／25

Review #2,3,4,5,6

Express how the impressions of things or the state of

affairs around learners.

Can do:

2) Connect が two states in antithetical relation-

ship

3) Inquire about the listener’s impression using with

“N はどうですか”

4) Use the expression そうですね for agreement or

sympathy as “Well…”

Handout

PPT

{5/18~31

Individual

(or Pair)

test }

8 L9

6／1

Review #2,3,4,5,6,7

Talk about one’s special ability.

Can do:

1) Express the place where one is

2) Express tastes (Music, sports, films)

3) Express the adverbs degree or quantity

Handout

PPT

9 L9

6／8

Review #2,3,4,5,6,7,8

Can do:

1) Express the reason with “から”

2) Ask the reason for something with “どうして”

Review

#1, 2, 3, 4

Can do:

10 L10

6／15

Review #2,3,4,5,6,7,8,9

Talk about one’s country, city, and the place where

learners are living. Talk about whereabouts of

someone, animals, something.

Can do:

1) Indicate the existence of a thing, person, etc.

2) Express a positional relation ship

3) Express inside the house

Handout

PPT

11 L10

6／22

Review#2,3,4,5,6,7,8,9,10

Can do:

1) Express with N and “や” in case speaker has not

mentioned all the noun that could be on the list

2) Confirm the main point of the question

(We learn the manners to use a Japanese Bath)

Handout

PPT

{6/15~28

Individual

(or Pair)

test }

12 L11

6／29

Review #2,3,4,5,6,7,8,9,10,11

Counter suffixes

Can do:

Handout

PPT

1) Use quantifiers

2) Indicate frequency

3) Order in the restaurant

4) Talk about a family or a learner’s department or

University structure

13 L11 (and L12)

7／6

Review #2,3,4,5,6,7,8,9,10,11,12

Talk the situation and impression about past events.

Compare something around learner or compare

something of learner’s country with that of Japan.

Can do:

1) Describe the quality or state of N1 in comparison

with N2

2) Compare any two items

Handout

PPT

14 L12 (and L13)

7／13

Review #2,3,4,5,6,7,8,9,10,11,12,13

Talk about what learner want and want to do.

Talk the purpose to move.

Can do:

1) Use tense and affirmative/negative forms of noun

sentences い-, な-adjectives sentences.

2) Ask the listener to choose, from a group or category

3) Use “の” substituting for a noun1)

Talk about what learner want and want to do.

By using い-adjective “ほしい”

4) Express the speaker’s desire

Handout

PPT

{6/29~7/15

Individual

(or Pair)

test}

15 7／20 Achievement Test Handout

PPT


Attendance, and learning, pair or group work’s attitude actively in the class =35%

Homework, and Individual recitation test=30%

Examination =35%


It's the same textbook and references as the former Autumn semester.




Please read “Minnano Nihongo Grammar Notes” thoroughly and carefully for preparation.

Please memorize new words and phrases for review.


The number of lessons in one semester is limited, only 90minutes×15times. So it's important to

continue practicing and learning words and phrase by heart not only in classes but also out of

school. Once one student skips one lesson, it's very hard to catch up with other classmates.

Therefore, regular attendance is also required.

~Rules in Class for keeping our positive and effective learning environment which promotes

cooperation, creativity, and success.

1) Arrive on time

2) Be ready to learn

3) Use manners as an adult

4) Set the cell-phone to silent mode (If possible, turn off the cell-phone)

5) No food（small one like a candy is permitted ), no smell of food. Drink is O.K.

6) Be respectful to your classmates and teachers

7) Take risk and make mistakes

8) Raise your hands (But in case you would go to restroom during my lesson, it is O.K that you

could raise your pocket tissues without any words.)

9) Properly throw the trash away in the trash can, we keep our classroom clean

10) Stick to the submission date


Office Hour: Students can contact me anytime via email.


Class Title： English Business Communication 1 Instructor：Hugh-Graham-Marr Semester：Spring




The aim of this course is to give students practice in using English to discuss and present on different

business topics. While being introduced to some general topics, students will be asked to call on their own

experiences – business and otherwise – to take part in discussions. Students will be introduced to the basics of

business discussion—setting agendas, agreeing, disagreeing, adding information, referencing others, staying

on topic, summarizing, concluding—and introduced to different discussion strategies and phrases. Some

outside reading may also be assigned to help students prepare for discussions. In addition to discussion, there

will be a strong emphasis on listening. Finally, it will be expected that each student make two short

presentations over the course of the semester.

2. Learning Goals

After completing this course a student should:

• have developed their knowledge of business words and phrases

• be better able to hear English as used in a business context

• be able to reasonably engage in business discussions in English

• be able to present on matters related to their work or study


Week 1: Work Habits – different styles of working


Week 3: The Small Business – preparing a start-up strategy


Week 5: Inside the Company – comparing company organization


Week 7: Meetings – criteria for a successful meeting


Week 9: Business and Tourism – pros and cons of tourism


Week 11: Business Ethics – ethical dilemmas


Week 13: Promotion and Marketing – advertising strategies


Week 15 Final Exam:

4.Assessment Criteria

Attendance and classroom participation: 20%

Presentations: 40%

Final Exam: 40%

5.Textbook and Reading List

Business Listening & Speaking by Maurice Jamall and Bruce Wade, Abax Ltd.

6.Preparation and Review

Students are expected to be prepared for discussions when outside readings are assigned. They

will also be expected to adequately prepare for any presentations.

7.Note（Requirements, E-mail, Office Hour）

If you need to get in touch with me for any reason, I can be reached at <[email protected]>

Class Title： English Business Communication 2 Instructor：Hugh-Graham-Marr Semester：Spring




The aim of this course is to give students practice in using English to discuss and present on different

business topics. While being introduced to some general topics, students will be asked to call on their own

experiences – business and otherwise – to take part in discussions. Students will be introduced to the basics of

business discussion—setting agendas, agreeing, disagreeing, adding information, referencing others, staying

on topic, summarizing, concluding—and introduced to different discussion strategies and phrases. Some

outside reading may also be assigned to help students prepare for discussions. In addition to discussion, there

will be a strong emphasis on listening. Finally, it will be expected that each student make two short

presentations over the course of the semester.

2. Learning Goals

After completing this course a student should:

• have developed their knowledge of business words and phrases

• be better able to hear English as used in a business context

• be able to reasonably engage in business discussions in English

• be able to present on matters related to their work or study
















Week 15 Final Exam:

4.Assessment Criteria

Attendance and classroom participation: 20%

Presentations: 40%

Final Exam: 40%

5.Textbook and Reading List

Business Listening & Speaking by Maurice Jamall and Bruce Wade, Abax Ltd.

6.Preparation and Review

Students are expected to be prepared for discussions when outside readings are assigned. They

will also be expected to adequately prepare for any presentations.

7.Note（Requirements, E-mail, Office Hour）

If you need to get in touch with me for any reason, I can be reached at <[email protected]>

Class Title：Cross Section of Multiculture 2

Instructor: Takashi ABE Semester：Spring




Being based on Cross-Section of Multi Culture 1, this course will focus upon taking a general view of

Japanese history. It begins out by learning major historical events and experiencing several classical

things. It then moves onto touching Japanese culture and customs that last until today. This is

achieved by visiting noted places of historic associations around Hirai and participating in annual

events which will be held in Tokyo. The objective is for students to state their own views with profound

original remarks and reflections. In this course students will learn more Japanese language as well.

2. Learning Goal

By the end of the course, students are expected to able to acquire clear understanding to Japanese

history, culture and customs. They will be able to comment on Japan from various angles.


Class is to be held every Wednesday at Classroom #1, 10:30 – 12:00 from April 5, 2016

To July 12, 2016; 15 classes in total.

※ Some classes may be held on the other days and somewhere outside of the classroom.

Table: Cross-Section of Multi-Culture 2 Schedule


1 4.5 Orientation Objective, Outline, Method,

Evaluation

Syllabus

2 4.12 Japanese History (Ⅰ)

Asuka period [592-710]

Buddhism,

Kana (syllabic Japanese

scripts, a part of the

Japanese writing system)

First Constitution：

“Jushichijo Kenpo”

Handout

3 4.19 Japanese History (Ⅱ)

Nara period [710-794]

Buddhism（Tempyō Culture）

“Kojiki” (The Records of

Ancient Matters),

“Nihonshoki” (Chronicles of

Japan),

Manyo-shu (the oldest

anthology of tanka)

Hanami (cherry blossom

viewing)

Handout

4 4.26 Japanese History (Ⅲ)

Heian period [794-1185]

Shingon “Shingon-shū”,

Tendai “Tendai-shū”,

“Tale of Genji” by Shikibu

Murasaki (the world’s oldest

love story)

Handout

5 5.3 Japanese History (Ⅳ)

Kamakura period

[1185-1333]

Buke-zukuri (the style of

houses built for military

families)

Military art training：

Yabusame (a type of mounted

archery in traditional

Japanese archery)

Zen：Sōtō Zen or the Sōtō

school (Sōtō-shū)

Handout

6 5.10 Japanese History (Ⅴ)

Muromachi period

[1336-1573]

Muromachi culture：

Sado (Japanese tea

ceremony), Kodo (traditional

incense-smelling ceremony),

and Kado (flower

arrangement)

wabi：a clear and silent taste

found in simplicity

Handout

7 5.17 Japanese History (Ⅵ)

Azuchi–Momoyama

period [1573-1603]

Momoyama culture

Fusumae (Kano Eitoku)

Chanoyu (Senno-Rikyu)

Handout

8 5.24 Japanese History (Ⅶ)

[1603-1868]

Edo period 1

Genroku culture

Rimpa school artists Ogata

Kōrin and Hishikawa

Moronobu, (the founder of

Ukiyo-e)

Kabuki

Kyōgen (literally "mad

words" or "wild speech")

Jōruri (a form of traditional

Japanese narrative music in

which a tayū sings to the

accompaniment of a

shamisen

Handout

9 5.31 Japanese History (Ⅷ)

Edo period 2

Abolition of the Japanese

isolation policy that had

Handout

lasted for 200 years

10 6.7 Japanese History (Ⅸ)

[1868-1912]

Meiji period 1

Bunmei-kaika (civilization

and enlightenment)

Fukoku kyōhei ( "Enrich

the state, strengthen the

military")

Handout

11 6.14 Japanese History (Ⅹ)

Meiji period 2

The lunar calender and the

solar calender

The lifting of the ban on

Christianity

Handout

12 6.21

Japanese History (Ⅺ)

Meiji period 3

Shinto, Shrine Sinto, State

Shinto

Handout

13 6.28

Japanese History (Ⅻ)

Taishō period

[1912-1926]

Beginnings of militarism Handout

14 7.5 Japanese History (ⅩⅢ)

Shōwa period

[1926-1986]

Case study of the failure：

The Sino-Japanese war to

World War II,

Handout

15 7.12

Japanese History (ⅩⅣ)

Heisei period

[1989-]

Japanese culture today Handout


(7) 50%: In-class, participation, contributions



Recommended readings will be assigned at the end of each class. Most readings will be

available on-line or distributed as copies.


Students are expected to participate in the annual festivals which will be held in Tokyo.


Students are not expected to have registered Cross-Section of Multi-Culture 1

before taking this course.

Office hours can be booked via email: [email protected]


Class Title：RST： Accounting System Design 1 Instructor：Toshifumi Takada

Semester：Spring




Students who completed a course of Accounting System Design 1 can attend this Research on

Specific Topics 1(RST1). Cases of accounting frauds (Enron, Olympus, Toshiba, etc.) will be used

as materials of this course. Students can learn the solutions of accounting issues through

understanding the cases. Students who write research papers can also attend this RST1 in

addition to Seminar Class and they can get some hints of your papers.

2. Learning Goal

Students can understand cases of accounting fraud.


Class is to be held on every Sunday, 8:50 – 10:20 from 2 April, 2017 to 16 July, 2017; 15 classes.



Method, Evaluation

Assignments

PPT by Takada

2 9 April Accounting Fraud

Introductions of Enron,

Livedoor, Olympus,

Toshiba

Structure;

Reasons;

Result

PPT by Takada

3 16

April

Enron Scandal (1) Company outline

Structure of accounting

fraud

Presentations by

students

4 23 April Enron Scandal (2) Role of board of

directors

Andersen as auditor

Presentations by

students

5 30 April Enron Scandal (3) Sarbanes and Oxley Act Presentations

and discussions

6 7 May Livedoor Case (1) Company outline

M&A by Horiemon

Presentations by

students

7 14 May Livedoor Case (2) Financial techniques Presentations by

Special purpose

corporations

students

8 21 May Livedoor Case (3) M&A of Nippon

Broadcasting Co.Ltd by

Horiemon

Presentations by

students

9 28 May Olympus Case (1) Company outline

Japanese Bubble

Economy in 1980s

Presentations by

students

10 11 June

Olympus Case (2) Change of accounting

policy by Financial

Service Agency =

Convergence in 1990s

Presentations by

students

11 18 June Olympus Case (3) Tobashi and M&A to

hide and remove loss

Presentations by

students

12 25 June

Toshiba Case (1) Company outline

M&A of Westinghouse

Whistle-blowing

Presentations by

students

13 2 July

Toshiba Case (2) Earnings Management

Legal or illegal?

What is a watch dog

doing?

Presentations by

students

14 9 July Toshiba Case (3)

Future of Toshiba

Future of EY Shinnihon

Presentations by

students

15 16 July

Guest speaker Professional

Accountant will be

invited

PPT

23 July

Examination 60 minutes of essay

type examination


(1) 50%: Presentations



Reference

(1) Reports of Independent Committee (Olympus and Toshiba)

(2) Related articles on the website

(3) Related accounting standards (IAS and IFRS)


Students are required to prepare for the presentations assigned


The knowledge of accounting is required


Office Hour: Sunday from 12:00 to 14:30


Class Title：RST：Financial Accounting 1 Instructor： Hiroko INOKUMA Semester：Spring




· In this RST class, we’ll intensively consider and discuss several specific topics related with financial

accounting and auditing issues.

· It consists of two parts (Part A and Part B).

Part A: Fundamental academic literatures : financial accounting , auditing and its related issues

Part B: Case studies : Learning about the well-known accounting fraud cases which have brought

big impact toward institutional setting of financial accounting and audit

-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*

Part A: Fundamental academic literatures : financial accounting , auditing and its related issues

· Reading and discussing about the essentials in the fundamental academic books and papers.

· See “5. Textbook and Reading List” for the idea of reading suggestions

Part B: Case studies : Learning about the well-known accounting fraud cases which have brought big

impact toward institutional setting of financial accounting and audit

· Through cases related to important accounting and audit standards’ reforms, we will learn how accounting

and auditing are affecting society and how they are affected by society.

Outline : How to proceed

· In this part, after reviewing the general theory on factors, schemes and methods of accounting frauds, we

will analyze the cause of accounting and audit problems, and also consider the impact on the modification

of accounting and auditing standard.

· Examples of cases to be used are mainly those of Japanese companies, but also famous ones overseas are

planned to be adopted as appropriate.

· Through these case studies, we will deepen our understanding of the application of certain accounting

standards and basic concepts of auditing.

· Examples of cases: Olympus, Nikko Cordial (predecessor of SMBC Nikko Securities), Japan Airlines,

Kanebo, Livedoor, Risona Bank, Seibu Railway, Daiwa Bank (predecessor of Risona Bank), Media-Links

· Enron, WorldCom, Parmalat, ect.

· Discussion Points: Consolidated Accounting, Revenue Recognition of IT Companies, Reporting of

Internal Control, Overstatement of sales, Excessive business development, Realizability of deferred tax

assets, Going Concern, Merger and Acquisition, etc.

2. Learning Goal

· The aim of this class to develop and obtain critical/conceptual thinking skill, presentation skill and

academic thinking skill. The student who enrolls this class need to select a academic paper or one fraud

case and make an oral presentation.


· Each student is required to choose a specific problem of each interest in financial accounting or related

issues.

· Students are supposed to prepare presentation slides or short resumes on each person's selected paper/case

and make a presentation at least one time (around 10-20 min.).

· In this RST, several guest lecture classes will be scheduled as may be necessary.

· To learn about fundamental research methods, we’d like to read several empirical papers which have high

academic value.

· In order to get familiar with Japanese business and cultural environment, we’ll plan some field trips at

students’ requests.

· A detailed schedule will be announced in the first class.


(1) Attendance, frequency and quality of remarks in class 50%

(2) Presentations, presentation handouts(or short essays) 50%


· References are introduced in each RST class as necessary.

Accounting frauds

Main:

· Schilit, H. and J. Perler (2010) Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in

Financial Reports, Third Edition, McGraw-Hill Education.

Other materials

· Mulford C. W. and E.E. Comiskey(2005) Creative Cash Flow Reporting: Uncovering Sustainable

Financial Performance, Wiley.

· Mulford C. W. and E.E. Comiskey(2002) The Financial Numbers Game: Detecting Creative Accounting

Practices, Wiley.

Reading Ideas

Fundamental ( in Financial Accounting)

· Beaver, W.H. (1981) Financial Reporting : An Accounting Revolution, 3rd Edition (Translated into

Japanese, 伊藤邦雄訳(2010)、『財務報告革命[第３版]』白桃書房、pp175-225。

· Christensen, J. and J. Demski(2002) Accounting Theory: An Information Content Perspective,

McGraw-Hill, Translated into Japanese, 佐藤紘光他訳 (2007) 『会計情報の理論―情報内容パース

ペクティブ』中央経済社。

· Sunder, S. (1997), Theory of Accounting and Control, South-Western College Publishing , Translated into

Japanese, 山地秀俊、鈴木一水、松本祥尚、梶原晃訳(1998)、『会計とコントロールの理論契約

理論に基づく会計学入門』勁草書房。

· Watts, R. L. and J. L. Zimmerman (1986) Positive Accounting Theory. Prentice-Hall, Engelwood Cliffs,

New Jersey. 須田一幸訳（1990）『実証理論としての会計学』白桃書房。

· William R. Scott (2014) Financial Accounting Theory, Prentice Hall; 7th edition, Translated into

Japanese, 太田康広、椎葉惇、西谷順平訳(2008)『財務会計の理論と実証』中央経済社。

· Previts et al. (2011) A Global History of Accounting, Financial Reporting and Public Policy, Asia and

Oceania, Studies in the Development of Accounting Thought Volume 14C, The University of Sydney,

Emerald Group Publishing Limited, Chapter 5 JAPAN, Part Two: Postwar to Present, by Shizuki Saito,

pp.185-202.

· Healy, P. M. and J.M. Wahlen (1999) “A review of the earnings management literature and its

implications for standard setting,” Accounting Horizons, pp.365-383.

International Accounting

· Benston, G. J.,(ed.) M. Bromwich, R. E. Litan, and A. Wagenhofer (2006) Worldwide Financial

Reporting: The Development And Future of Accounting Standards, Oxford University Press.

· Godfrey J.M. and K. Chalmers(ed.)(2007), Globalisation of Accounting Standards, Edward Elgar

Publishing.

Auditing(classics)

· Mautz, R.K. and H.A. Sharaf (1961) The Philosophy of Auditing, Monograph No.6, American

Accounting Association, Translated into Japanese, 近澤弘治監訳(1987)『監査理論の構造』中

央経済社.

· Wallace, W. A.,(1991) Auditing Monographs, Second Edition, Pws-Kent Publishing Company,

Boston, Translated into Japanese, 千代田邦夫他訳 (1991)『ウォーレスの監査論―自由市場と

規制市場における監査の経済的役割―』同文舘出版.


· Knowledge needed to take this lecture: Basic knowledge of accounting and auditing

· It is encouraged to read reference materials before and after the class.


e-mail: [email protected]

Office Hour: Before and after this class

Class Title：Research on Specific Topics: Tax Accounting1 Instructor：Yiuwai Wong

Semester：Spring




In this course, students are expected to conceive clear consciousness of why and on what they

are going to argue in their research papers and develop their capabilities and skills required

to write excellent academic papers, through discussions in-class and guidance provided by the

supervisor.

Also, class will be divided into two parts, in the lecture part, skills and techniques that are

required to write a research paper will be introduced. In the discussion part, students have to

do some presentations about their own research paper.

2. Learning Goal

Get some technical skills that are required to write a research paper.


No. Theme Materials, etc.

１ Orientation PPT, student presentation and discussion

２ ETL(Extract,

Transform, Load)

PPT, student presentation and discussion

３ Regression Model１

Basic knowledge


４ Regression Model２

Linear model and

non-linear model


５ Dummy Variable PPT, student presentation and discussion

６ Empirical research

on Accounting

Student presentation and discussion

７ Event study Student presentation and discussion

８ Positive Accounting

Theory

Student presentation and discussion

９ Tax accounting Student presentation and discussion

１０ Disclosure Student presentation and discussion

１１ Earnings management Student presentation and discussion

１２ Auditing Student presentation and discussion

１３ Student presentation Student presentation and discussion

１４ Student presentation Student presentation and discussion

１５ Student presentation Student presentation and discussion


Attendance (30%)、Frequency and quality of remarks in class (30%)

Presentations and papers (40%)


Readings will be advised in class.

For example

Ball, Brown (1968), “An Empirical Evaluation of Accounting Income Numbers”, Journal of Accounting

Research 6(2), pp.159-178.

William H. Beaver (1968), “The Information Content of Annual Earnings Announcements”, Journal of

Accounting Research 6(Supplement), pp.67-92.

Ross L. Watts and Jerold L. Zimmerman (1978), “Towards a Positive Theory of the Determination

of Accounting Standards”, The Accounting Review 53(1), pp. 112-134.

Plesko (2003), ”An evaluation of alternative measures of corporate tax rates”, Journal of

Accounting and Economics 35, pp.201-226.

Hanlon, Slemrod (2009), “What Does Tax Aggressiveness Signal? Evidence from Stock Price Reactions

to News about Tax Shelter Involvement”, Journal of Public Economics 93, pp.126-141.

Chen et al. (2010), “Are Family Firms More Tax Aggressive Than Non-Family Firms”, Journal of

Financial Economics 95, pp.41-61.

Christine A. Botosan (1997), “Disclosure Level and the Cost of Equity Capital”, The Accounting

Review 72(3), pp. 323-349.

Ronald A. Dye (1990),” Mandatory versus Voluntary Disclosures: The Cases of Financial and Real

Externalities”, The Accounting Review 65(1), pp.1-24.

Dechow, P.M., Sloan, R., Sweeney, A., (1996), “Causes and consequences of earnings manipulation:

an analysis of firms subject to enforcement actions by the SEC.”, Contemporary Accounting

Research 13, pp.1-36.

Roychowdhury (2006), “Earnings management through real activities manipulation”, Journal of

Accounting and Economics 42, pp.335-370.

Linda Elizabeth DeAngelo (1981), “Auditor Size and Audit Quality”, Journal of Accounting and

Economics 3(3), pp.183-199.

Ross L. Watts and Jerold L. Zimmerman (1983), “Agency Problems, Auditing, and the Theory of the

Firm: Some Evidence”, Journal of Law and Economics 26(3), pp.613-634.



[email protected], 9:30-18:30 Thursday, Friday


Class Title：RST: Global Politics 1

Instructor：Prof. Hitoshi OHNISHI Semester：Spring




The aim of this course is to intensively consider and discuss several specific major issues in

contemporary international and domestic politics.

2. Learning Goal

Any IGSAP student who is interested in public policy and likes intellectual dialogues will be

welcome to this RST course. The student who enrolls for the course is expected to develop his/her

capabilities to analyze politics and her/his own original ideas on it. Above all, every student is

strongly encouraged to be engaged in frank and heated discussions with fellow students and the

supervising professor in class.


The course will be given in Hirai Classroom at 14:40-16:10 on Tuesday from the beginning of April

to the end of July in 2017.

Each student who enrolls for the course, first, has to choose a specific problem of his/her interests

in international or domestic politics. She/he is, then, requested to make an oral presentation on

why he/she is interested in the problem, and finally, submit a term paper to argue how the problem

should be understood and/or solved.

A detailed schedule for the course will be fixed in the first class on 4 April.


Attendance 35%


Presentations and papers 30%


Textbook: John Baylis, Steve Smith, and Patricia Owens (eds.), The Globalization of World

Politics: An introduction to international relations 6th edition, Oxford University

Press, 2014


See 3.


The students who wish to enroll for the course have to be present without fail in the first class on

Tuesday, 4 April, where a detailed orientation will be provided.

Class Title：RST: Global Health 1Instructor：Prof. Yoshitaka TSUBONO Semester：Spring




Global Health Issues in International New York Times

Health and medicine represent a substantial proportion of news media coverage. This is not only because news

on health and medicine are interesting and important in themselves (such as major scientific discoveries,

developments of drugs, new disease outbreaks), but also because issues in health and medicine greatly influence

society, economy and politics in today’s Globe.

In this class, the students read, present and discuss latest news articles on health and medicine reported in

International New York Times. Articles in International New York Times are selected as teaching materials

because the newspaper is one of the best in terms of quality and breadth of coverages in the fields of health and

medicine, not necessarily because the lecturer endorse general political views of the paper, including its support for

the Democrat, interventionist US foreign policy, etc.

2. Learning Goal

The students are expected to learn about the latest news and events in health and medicine and how they affect

Global society at large. They are also expected to obtain skills to critically evaluate the credibility of news

articles.


The lectures will be given in Kasumigaseki Classroom at 18:00-19:30 and 19:40-21:10 on every other Saturday

from the beginning of April to the end of July in 2016.

The lecturer select two or three articles for each class and distribute them to students in advance. All students

are requested to read them in advance, and one student per article are assigned to prepare handouts to present

summary, background, and discussion points of the article. The students are required to submit a term paper at

the end of semester.

Details will be discussed in the first class on 9 April.


(1) 30%: Attendance

(2) 40%: Class participation, including presentation of the articles assigned

(3) 30%: Term paper, due by the end of the semester



See 3

7. Note（Requirements, E-mail, Office Hour）]

No previous knowledge of biology or health sciences is required, since the lecturer (Medical Doctor and PhD)

will explain relevant basics.

Students can contact the lecturer anytime via email: [email protected].

Class Title: Research on Specific Topics for Scientific Technology and Human Being１

Instructor：Professor Masako Ikegami Semester：Spring




Students who are interested in science, technology and society (STS) and research &

development (R&D) policy are welcome. The RST I on science, technology and human being will

particularly focus on critical analysis and evaluation of big science and advanced/strategic

technologies such as nuclear energy, aerospace technology, missile defence system, bio

engineering, etc. This RST is intended to enhance the ability of the students of accounting to

analyse and understand the mechanism of R&D policy making and evaluate resource allocation

for the technology in question in the light of human welfare. The students are expected to focus

on cases concerning R&D of advanced/strategic technology for their research papers.

Class Title：RST: History of Finance for SMEs 1 Instructor:Masatoshi SAKAKI

Semester:Spring




A mere definition can hardly depict SMEs nowadays, and there are still two policy aspects

for SMEs such as economic and social ones.

Students reconfirm their basic understanding of SMEs and Finance theory and apply those

knowledges to notice the different characteristic in financing between large companies and

SMEs.

2. Learning Goal

Expand practical capacity and ability to solve the financial problem of SMEs with respect

to the stage of economic development and institutional setting.


1. Orientation

2. What are SMEs

3. Brief overview of related Finance theory

4. Case discussion(1)



7. Past and future of finance for SMEs(1)






13. Past and future of finance for SMEs(2)

14. Case presentation on your own interests

15. Summary


Class participation 70% (No show counts for zero points in the final evaluation). Report

30%.


They are to be provided in case of necessity.


Preparation is indispensable for having good score in class participation. Adding something

helpful to understand each class objective is welcome. Case material is to be provided at the

end of prior class.



Office hour: After this class

Class Title：RST: Corporate Finance 1 Instructor：Noboru NISHIYAMA Semester：Spring

Course Number:EAC-ACC582



The aim of this course is to seriously consider and discuss for using statistical tools to analyze

issues in his / her own research interest.

2. Learning Goal

IGSAP student who is going to write research papers including statistical data analysis would

be welcomed to this RST course. Especially it would be suitable for the student who is considered

to develop his/her capabilities to apply statistical analysis based on own research topics.


The class will be given in Hirai #2 classroom at 18:00-19:30 on Wednesdays from the beginning

of April to the end of July in 2017; 15 classes will be held in total.

Each student has to choose a specific topics of his/her interests in own area. All students will

select some academic or published articles in line with each research topics and make some

presentations to explain the summary of them in the class after reading them in turn. Instructor

makes some comments and advice. All students must submit summary paper or article

separated from presentation materials afterwards.


(1) 30%: Class participation

(2) 30%: Frequency and quality of remarks in class

(3) 40%: Presentations and submitted papers

Note: The allocation ratios may be changed and are notified.


Academic articles or practical articles that each student requires to review at the class


There is included in No 3 above.


If the students who consider to enrolling for the class, they must participate in the first class

on Wednesday, 5 April 2016 when we will discuss the direction of the class operation and how to

deal with different statistical categories for data analysis of the topics in the class.

Class Title：Seminar Class on Accounting System Design 1b Instructor：Toshifumi Takada

Semester：Spring




Students who will write Research Paper can attend this Seminar Class 1b. The objective of

this class is to prepare for Research Paper for the students who will write Research Paper in the

field of accounting.

2. Learning Goal

Students can decide the outline of their Research Paper.





Method, Evaluation

PPT

2 9 April Presentation (1) by a

student assigned.

Survey of prior study PPT

3 16

April

Presentation (2) by a

student assigned.



student assigned.



student assigned.


6 7 May Presentation (5) by a

student assigned.



student assigned.

Research Design PPT


student assigned.

Research Design PPT


student assigned.

Research Design PPT

10 11 June


student assigned.

Research Design PPT

11 18 June Presentation (10) by a

student assigned.

Research Design PPT

12 25 June


student assigned.

How to collect data PPT

13 2 July


student assigned.


14 9 July Presentation (13) by a

student assigned.


15 16 July


student assigned.



100%: Attendance and Presentations


Reference

Prior articles, basic textbook of statistics


Students are required to prepare for their presentations


Basic knowledge of statistics is required




Class Title：Seminar Class on Accounting System Design 2b Instructor：Toshifumi Takada

Semester：Spring




Students who will write Research Paper can attend this Seminar Class 2b. The objective of

this class is to write the final draft of Research Paper for the students who will complete IGSAP

at this semester.

2. Learning Goal

Students can finish writing their final draft.





Method, Evaluation

PPT


student assigned.

His or her draft PPT

3 16

April


student assigned.



student assigned.



student assigned.



student assigned.



student assigned.



student assigned.



student assigned.


10 11 June


student assigned.


11 18 June Presentation (10) by a

student assigned.


12 25 June


student assigned.


13 2 July


student assigned.


14 9 July Presentation (13) by a

student assigned.


15 16 July


student assigned.



100%: Attendance and Presentations


Reference

Prior articles


Students are required to prepare for their presentations


Writing draft steadily




Class Title：Seminar Class on Tax Accounting 1b,2b Instructor：Yiuwai Wong

Semester：Spring

Course Number: EAC-ACC591, EAC-ACC691



This seminar course is offered exclusively to those students who intend to submit their research

papers on themes mainly in the field of public policy, in order to complete their IGSAP MA degree

courses.

2. Learning Goal

In the seminar course, the students are expected to conceive clear consciousness of why and on

what they are going to argue in their research papers and develop their capabilities and skills

required to write excellent academic papers, through discussions in class and guidance provided

by the supervisor.


Course Content of Seminar Class 1b: New students who will write a research paper can attend this

Seminar Class.

You can learn how to focus topics, the methods how to collect samples at this seminar class. You

are required to make a presentation at a designated class. Reading prior studies is also important.

Schedule: ; 15 times

Course Content of Seminar Class 2b: Senior students who submit a research paper in the field of

accounting this semester must attend this Seminar Class or Seminar Class on Accounting System

Design 2b. You will have a final exam before at the end of July, 2017. Double Degree (DD) students

who have already returned to the home institutions must correspond to Professor Takada and Wong

every week and report the progress by email. Other students who will write a research paper at

this semester must attend the guidance for research paper. The date of the guidance will be

announced from IGSAP office.


Attendance (30%)

Frequency and quality of remarks in class (40%)

Presentations (30%)


Related papers of prior study


Reading related papers beforehand and making draft of a research paper


[email protected], 9:30-18:30 Thursday, Friday


Class Title：Seminar Class on Modern Public Policy 1b, 2b

Instructor：Prof. Hitoshi OHNISHI Semester：Spring

Course Number: EAC-ECM581, EAC-ECM685



This seminar course is offered exclusively to those students who intend to submit their research

papers on themes in the field of public policy, in order to complete their IGSAP MA degree courses.

2. Learning Goal

In the seminar course, the students are expected to conceive clear consciousness of why and on

what they are going to argue in their research papers and develop their capabilities and skills

required to write excellent academic papers, through discussions in class and guidance provided by

the supervisor.


The seminar course, in principle, will be given in Hirai Classroom at 16:20-17:50 on Tuesday from

the beginning of April to the end of July in 2017. A detailed schedule will be fixed in the first class

on 4 April.

In an early stage of the course, each student is requested to give a short sketch of his/her planned

research paper. This will be commented upon by fellow students and the supervising professor, and

refined via intensive, interactive feedback and revisions throughout the following weeks. And, in the

final stage, each student is required to make a progress report on her/his paper.


Attendance 35%


Presentations and papers 30%


Readings will be advised in class.


See 3.


Every student who enrolls for the seminar course is requested to also take RST: Global Politics 1,

which will be given in Hirai Classroom at 14:40-16:10 on Tuesday from the beginning of April to the

end of July in 2017. Accordingly, the student has to be present without fail in the first class in RST

1, which will start at 14:40 on Tuesday, 4 April. An orientation towards the seminar course will

immediately follow the first class in RST 1.

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