LAW 773-03 Accounting for Lawyers

This course will introduce law students to accounting, giving them a basic understanding of financial statements, accounting mechanics, and underlying accounting concepts and principles. The course is designed for students with little-to-no background in accounting. In addition to basic accounting, we will discuss such issues as professional governance and standard setting, topics currently being reviewed by the accounting regulators and/or Congress, recent accounting scandals, Sarbanes-Oxley, and difference between the practice of law and of accounting (including ethical foundations).