Numbering Code	G-ECON31 5A906 LE44	Year/Term	2022 ・ First semester
Number of Credits	2	Course Type	Lecture
Target Year		Target Student
Language	English	Day/Period	Mon.1
Instructor name	KUSANO MASAKI (Graduate School of Economics Professor)
Outline and Purpose of the Course	Lecturer: Professor Jong-Seo CHOI (Pusan National University) This course provides students with an introduction to financial accounting as “the language of business”. It introduces students to the basic concepts and principles of accounting with a focus on double-entry bookkeeping procedure. This understanding facilitates the interpretation and, to some extent, preparation and analysis of financial information, which is necessary for making business decisions and understanding the economic reality of business entities.
Course Goals	This course contributes to the development of the following learning goals: o LO1 Our students can recognize, develop, measure, record, validate and communicate financial and other related information. o LO2 Our students can analyze, synthesize and evaluate financial and other related information for decision making in a management context. o LO3 Our students can communicate effectively in a business context. o LO4 Our students understand and can apply the ethical principles relevant to accounting professionals.
Schedule and Contents	Lecture 1. Introduction to Financial Accounting Lecture 2. Financial Statements Lecture 3. Recording Transactions Lecture 4. Adjusting and Closing Entries Lecture 5. Accounting for Service Firms Lecture 6. Accounting for Merchandising Firms Lecture 7. Financial Statement Analysis Lecture 8. Cash and Financial Assets Lecture 9. Inventories Lecture 10. Receivables and Payables Lecture 11. Property, Plant, Equipment and Intangible Assets Lecture 12. Liabilities Lecture 13. Shareholders’ Equity Lecture 14. Statement of Cash Flows Lecture 15. Course Summary and Feedback
Evaluation Methods and Policy	1. The general approach of this course is lecture, problem-solving, and discussion of cases relevant to the topic. Students who read the lecture materials ahead of attending class will benefit most from the class discussion. 2. Homework Assignment or Quiz Test: throughout the semester, homework exercise questions or short quiz tests will be distributed when deemed necessary. The assessment of homework will be based not on correctness but the efforts undertaken. Late homework submission will be subject to penalties. 3. Toward the end of the semester, students are expected to take a comprehensive test on an online basis, whereby a total mark of 50 % or better is required to pass the course.
Course Requirements	None
Study outside of Class (preparation and review)	I strongly encourage you to discuss with me any problems that you may have with this course as soon as they arise. Please do not allow problems to accumulate because it will be more difficult to solve them later. In this course, each lecture builds on the previous lectures. It is like constructing a building; the foundation first, then the ground floor, then the first floor and so on. If you have problems in the earlier parts, you will not be able to understand the later parts. Moreover, the level of difficulty increases as we progress. Do not hesitate to email me.
Textbooks	Textbooks/References	The course does not designate any specific primary textbook. The lecture slides are mostly self-explanatory.
References, etc.	(1) Yoon, Kim and Johnson (2019), IFRS Principles of Accounting, 4th edition, Shin Young Co. (available only in Korea) (2) Larson, Wild, and Chiappetta (2002), Fundamental Accounting Principles 16th ed., McGraw-Hill Irwin. (3) Kieso, Weigandt, Warfield (2020), Intermediate Accounting IFRS Edition, 4th ed., Wiley