LAW 200 - Accounting and Finance for Lawyers.

This course studies “generally accepted accounting principles” and the manner in which they enter into legal problems. Introductory material on the record-keeping process and form of financial statements is followed by an analysis of major problem areas—revenue recognition, inventory accounting, depreciation, accounting for debt instruments and for corporate capital. The course is concluded with a section on analysis and interpretation of financial statements. Published corporate financial reports, opinions of the Accounting Principles Board of the American Institute of CPA’s, and accounting series releases of the SEC are used as the basic accounting materials for analysis. Unless instructor’s permission is obtained in advance, this course is not open to students who have received credit for more than one college course in accounting.Two hours.Not offered in 2011-2012.