Financial Accounting A
| Numbering Code | G-ECON31 5A411 LJ44 | Year/Term | 2022 ・ First semester | |
|---|---|---|---|---|
| Number of Credits | 2 | Course Type | Lecture | |
| Target Year | Target Student | |||
| Language | Japanese | Day/Period | Tue.5 | |
| Instructor name | KUSANO MASAKI (Graduate School of Economics Professor) | |||
| Outline and Purpose of the Course | Turn-by-turn reading of Ross L. Watts and Jerold L. Zimmerman [1986] Positive Accounting Theory, Prentice-Hall. The textbook continues to be used in accounting PhD programs more than 30 years in the U.S. since its publication. By taking this course and achieving the course objectives, students will acquire knowledge about how accounting theories have been developed and what is the relation between accounting's roles in auditing, contracting, firm governance, financing, and financial reporting. This knowledge will make the basis for accounting research. | |||
| Course Goals | By taking this course and completing the learning objectives, students will learn basic accounting theory necessary for writing MC and PhD theses. The theory contains explanations about accounting's methods, including conservatism, and evaluation both existing accounting standards and those proposed by the FASB and the SEC. | |||
| Schedule and Contents |
As per the contents of the textbook, lecture will be given as follows. Ch.1 The Role of Accounting Theory Ch.2 The Efficient Market Hypothesis and Capital Asset Pricing Model Ch.3 Accounting Earnings and Stock Prices Ch.4 Discriminating between Competing Hypotheses Ch.7 Evolution of Disclosure Regulation Rationales: Prelude to a New Theory Ch.8 The Contracting Process Ch.9 Compensation Plan, Debt Contracts, and Accounting Procedures Ch.10 Accounting and the Political Process |
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| Evaluation Methods and Policy |
Students are asked, in turn, to make presentation about the contents of each chapter. Evaluation is as follows, testing the depth of their understanding about the topics: Textbook Report - 60% Discussions, etc. - 40% |
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| Course Requirements | Students should have a basic knowledge of Financial Statement Theory and International Accounting. | |||
| Study outside of Class (preparation and review) | As described in "Course Schedule and Contents," classes will proceed according to the contents of the textbook, so students should prepare by reading the related chapters before each class. Preparation and review time comprises five hours per class, which is from the university establishment standard guideline. | |||
| Textbooks | Textbooks/References |
Positive Accounting Theory, Ross L. Watts and Jerold L. Zimmerman, (Prentice-Hall), ISBN:0-13- 686171-7 実証理論としての会計学, 須田一幸訳, (白桃書房), ISBN:4-561-36034-4 |
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| References, etc. | 入門財務会計（第3版）, 藤井秀樹, (中央経済社), ISBN:978-4-502--30891-8 | |||
