Accounting for Lawyers

Catalog description

In this course students learn why financial accounting is a system for measuring and communicating the outcomes of business activities to parties outside the firm. The purposes of this course are to: (1) provide students with a basic understanding of the concepts and principles (i.e., the jargon) underlying financial accounting practices; (2) make students comfortable with financial data (in particular, opening a 10K or annual report); (3) enable students to have a conversation with accountants; and (4) provide students with the technical tools and references to analyze how a particular transaction affects a firm's financial statements.