Accounting for Lawyers

Credits: 2.00
Faculty: Avery Neumark, Martin Hauptman

Students who have no accounting experience are urged to take this course as a foundation for the courses in taxation, corporations, wills, trusts, creditors' rights, business reorganizations and other courses in which accounting concepts are fundamental. The course is designed to provide the student with knowledge of fundamental accounting techniques and principles of recordation, presentation and analysis of financial data. Emphasis is upon accounting methods; entity and period convention, reclassifications, accruals and deferrals; the valuation of tangible and intangible assets, methods of depreciation and amortization; the valuation of inventory and effect on income, corporate accounting, treasury stock, capital, surplus classifications and dividends; financial statements; treatment of extraordinary items; and examination by management, creditors and investors. Not open to students who have previously taken a course in accounting.

Grading and Method of Evaluation

Letter grade only. Final exam.