School of Business Administration        April 3, 2013

-Developing International Accounting Professionals-

Business enterprises are profit-seeking organizations, and their accounts are the numerical representation of their operations. When the media report on a company's profits, for example, they are not describing a physical entity known as "profits," but citing figures calculated by accounting methods. A company's accounts serve as an indicator of its current status. This system is essential if the company is to be smoothly managed and third parties are to have an accurate picture of its condition.
Accountancy, which thus exists in close conjunction with business management, is the field of study in the Accounting Course. The course begins with commercial accounting systems, which form the foundations of accounting; it continues with the significance and role of accounting, and basic accounting theory. The curriculum is designed to reflect two trends of recent years - internationalization and the growing role of information technology - that are very relevant to the field, and thus to prepare students for global careers as accounting professionals.

General Accounting

Keywords: accounting, Accounting Course, basic accounting systems
General Accounting is a survey course designed to follow Foundation of Accounting. It treats all of the topics that are basic to accounting-related studies, and thus covers the essentials of the main accounting subjects taught at the School of Business Administration. For non-accounting majors, the course serves as an overview of basic accounting systems, which are an essential business tool.

Financial Accounting

Keywords: financial statement, accounting standards, disclosure, the "Big Bang" in accounting
Investors base their decisions on what is known of a company's financial affairs under the disclosure system. Financial statements form the basis for this knowledge. To understand them, one needs an accurate grasp of accounting standards, which are presently undergoing extensive changes due to recent accounting reforms, and also an appreciation of how these changes influence corporate management.

Management Accounting

Keywords: accounting information, manager, planning and control
The goal of management accounting is to provide relevant accounting information to corporate managers at all levels who are involved in planning effectively, choosing among alternative actions, and assessing and controlling performance. The course deals with the following main topics: the significance of management accounting, profit plans, budget control, cost control, fund administration, accounting on the divisional system, and management accounting in multinational enterprises.

Cost Accounting

Keywords: actual cost accounting, standard cost accounting, direct cost accounting, special cost study
In Cost Accounting, students learn procedures for preparing and reporting cost information of various kinds by compiling figures on the economic value that has been or will be consumed to achieve a particular management objective, and classifying the figures according to items of expenditure, place of consumption, activity, and product. Cost accounting is broadly divided into systems for purposes of external reporting and those for purposes of management.


Keywords: CPA audit, social role of auditing, Japanese auditing system
In auditing, an independent third party inspects information that represents acts or their results in order to confirm that it is true and proper, and reports the findings to the parties concerned. This course, which is based on the Japanese corporate accounting and auditing system, discusses such topics as the social role of auditing, its theoretical framework, and issues to be resolved.

Accounting Information

Keywords: accounting information, financial report, consolidated accounting information
There is a growing need to assess corporate performance on a consolidated basis due to ongoing group formation, diversification, and internationalization. This course explains the theory and methods of analyzing corporate performance based on various kinds of accounting information.

Tax Accounting

Keywords: tax law and accounting, taxable income, tax calculation, tax management
Tax accounting is the field that deals with the calculation of taxes and management of tax business in accordance with corporate and other taxation law. Taxable income, the basis for tax assessment, is calculated with adjustments from the profits reported in accounts. Managing the amount of tax liability is also an important business issue.

Financial Statements Analysis

Keywords: creditworthiness analysis, profitability analysis, stock price analysis, accounting indicator, company assessment
Financial statements analysis is a system of theory and techniques used to determine the state of an enterprise by analyzing and interpreting its financial statements. The ability to read financial statements is particularly essential for an outside party entering into a relationship with a company. Students learn methods of interpreting financial statements in a wide range of situations, including extension of credit and investment decisions.

International Accounting

Keywords: international comparison of accounting standards, international accounting standards, international financial reports, accounting in multinational companies, foreign exchange accounting
International accounting is the field that studies the international aspects of accounting. It generally includes: (1) the comparative study of accounting systems in different countries; (2) the study of international harmonization of accounting standards; (3) the study of accounting problems specific to multinational companies. Recent changes in the accounting standards used in Japan can be understood more easily when surveyed from an international accounting perspective.

Commercial Accounting Systems

Keywords: accounting procedures for joint-stock companies, special sales, head office-branch merger accounting, special journal, ledgerless or slip-system accounting
This course is a more advanced level of Foundation of Accounting. Students learn procedures for keeping accounts of the commercial transactions of a joint-stock company and preparing financial statements. The main subjects covered include special sales, accounting procedures for corporate bonds, and accounting procedures for joint-stock company capital, together with head office-branch merger accounting, the special journal system, and ledgerless or slip-system accounting.

Industrial Accounting Systems

Keywords: manufacturing costs, material costs, labor costs, expenses
In this course, students learn the accounting methods applied to industrial operations engaged in production activities. Industrial accounting consists of record-keeping and calculation not only for external transactions like the purchase of economic resources and the sale of products, but also for the series of internal transactions that occur as economic resources are inputted and processed, and as "goods in process" (unfinished manufactured goods) become finished products.

Accounting in Asia

Keywords: international accounting standards, conceptual framework, Anglo-American accounting, Franco-German accounting, accounting and culture
In recent years, accounting practices in Asian nations have come into conformity with international accounting standards. This course explains the factors and issues involved while keeping the relationship of accounting to its cultural context in view. The conceptual framework of international accounting standards and the Anglo-American and Franco-German accounting systems are also explained. This will also provide a frame of reference for the analysis of Japanese accounting practices, which are undergoing reforms with the aim of internationalization.

Environmental Accounting

Keywords: environmental cost, environmental liability, environmental report, environmental management
Due to regulatory legislation, the progress of environmental management, and the emergence of eco-funds, environmental ratings, and similar initiatives, companies are under growing pressure to make provision in their accounting for environmental aspects and to disclose the relevant information. In this course, students learn to understand the approach and methods of environmental accounting, which shows the costs and the effects of a company's environmental measures from the viewpoints of both economic efficiency and environmental protection. By analyzing corporate environmental accounting information, students learn about the extent of and new possibilities for its utilization.