Accounting for Lawyers

Catalog description

This course is designed to introduce students to the basic concepts and fundamentals of financial accounting. It will focus on (1) accrual accounting concepts, principles and conventions, (2) the presentation of financial statements (balance sheets, income statements, statements of cash flow), (3) the interpretation and analysis of financial statements, and (4) the use and misuse of accounting information. The goal of the course is to enable students to critically review a company's financial statements. The course is intended for students with no prior background in accounting and is limited to students who have had no college accounting courses (or equivalent). Students with one or two college level accounting courses or other modest accounting background may take this course for a JD letter grade only with permission of the instructor.