Accounting for Lawyers

Catalog description

This course provides an introduction to basic financial accounting, auditing, and finance. Accounting topics will include basic accounting procedures and principles, and the analysis of basic financial statements including the balance sheet, income statement, and statement of cash flows. Auditing will focus on the role of the auditor and the meaning of audit reports. Finance topics will include 'time value of money' issues and business valuation topics. All topics will emphasize implications for the legal profession. This course is limited to those students with no previous background in accounting or finance. This course is pass/no pass.