Financial accounting is the language of business. A working familiarity with accounting is necessary to understand the businesses and transactions encountered in litigation as well as in a transactional practice. The course develops a critical understanding of the basic financial statements. Additionally, the course will provide a quick introduction to the time value of money and other fundamental concepts of corporate finance. No bookkeeping will be done. A calculator is required so that class discussion can make the economics of things like student loans and auto leases more real. NOT FOR STUDENTS WHO HAVE HAD ACCOUNTING, FINANCE, ETC., AS AN UNDERGRADUATE OR GRADUATE STUDENT.
Helpful to take before Income Tax and Business Organizations