Numbering Code	U-ECON00 20805 LJ44 U-ECON00 20805 LJ43	Year/Term	2022 ・ First semester
Number of Credits	2	Course Type	Lecture
Target Year	From 2nd to 4th year students	Target Student
Language	Japanese	Day/Period	Fri.1
Instructor name	KUSANO MASAKI (Graduate School of Economics Professor)
Outline and Purpose of the Course	The purpose of this class is to learn the basic theory of financial accounting to understand the recent trends in accounting systems. Financial accounting is accounting performed to provide information to stakeholders outside the company (such as investors and creditors). To master the basic theory of financial accounting, it is necessary to understand (1) how to prepare financial accounting information (accounting rules), and (2) how and by whom the prepared accounting information is used. It is also necessary to consider (3) the accounting behavior of the management in order for them to utilize the accounting information they prepare. By looking at this sequence of events, we can understand how accounting affects the economy and society. This class will cover several areas and explain the rules of accounting, including the basic concepts behind the methods followed in preparing financial accounting information.
Course Goals	To understand basic matters concerning the preparation methods involved in financial accounting information (accounting rules).
Schedule and Contents	Class content 1: Orientation 2: Structures of income determination 3: Functions of financial accounting 4: Basic principles of asset valuation and income determination 1 5: Basic principles of asset valuation and income determination 2 6: Inventories 7: Tangible fixed assets 1 8: Tangible fixed assets 2 9: Intangible and deferred assets 10: Financial instruments 11: Reserves and asset retirement obligations 12: Retirement benefit obligations 13: Tax effect accounting 14: Shareholder equity and net assets 15: Summary and feedback (feedback will be given in class) This list is subject to change based on the level of understanding.
Evaluation Methods and Policy	End-of-term examination
Course Requirements	Basic knowledge of accounting is desirable. However, it is not mandatory as we will start from the basics.
Study outside of Class (preparation and review)	Review the textbook, reference books, and summaries etc., distributed in class.
Textbooks	Textbooks/References	Sakurai, H., 財務会計講義〈第22版〉 (Chuokeizai-sha). The 22nd edition is scheduled to be published in March. Please obtain the latest edition.
References, etc.	Saito, S., 企業会計入門―考えて学ぶ（増補版） (Yuhikaku Publishing)