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Spring 2019
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LAW123
A FINANCIAL ACCOUNTING FOR LAWYERS
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Course Description
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The course focuses on the analysis and use of financial accounting information in the evaluation of corporate performance. The course initially demonstrates the accounting process and resulting generation of financial statements. Building on these core accounting concepts, the course emphasizes the understanding of financial statements prepared under U.S. and International Accounting Standards and the analysis of these financial statements including common size analysis, ratio analysis, the impact of taxes, and credit analysis. Completion of the course will enhance the student's ability to read, interpret and analyze financial statements for making investment, credit, acquisition and other evaluation decisions. LEARNING OBJECTIVES Upon completion of this course you should be able to: Comprehend financial accounting's role in business and understand the differences between financial and management accounting. Read and understand company financial statements including the income statement, the balance sheet, the statement of changes in shareholders equity and the statement of cash flows Use common size analysis and ratio analysis to evaluate a company on the following dimensions: Efficiency, Liquidity, Solvency, Profitability, Cash flow Understand how creditors and investors evaluate a company, including an assessment of credit and investment worthiness.
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Course Schedule
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01-15-2019 - 04-23-2019
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TR
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11:00 AM-12:20 PM
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F108
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Course Frequency
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This course is usually offered once every academic year
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Course Information
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Credits:
3
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Pass/Fail Option:
Yes
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Prerequisite:
This course is intended to be an introduction to financial accounting for students who do not have a degree in accounting or who did not pursue accounting training previously. Students who have taken accounting courses beyond the introductory level (ex. 300(0) level accounting course such as Intermediate Accounting) are only allowed to take this course as an upper-level student on a Pass/Fail grading basis. Be sure to check with the Law Registrar’s office, or either Professor with a copy of your transcripts, in advance if you think this may apply to you to confirm the grading basis.
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Grading:
Graded
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Method of Evaluation:
Exam
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Graduation Requirements Fulfilled By Course:
General
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Special Attributes:
None
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Course Delivery:
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Special Restrictions:
Students who have taken accounting courses beyond the introductory level (ex. 300(0) level accounting course such as Intermediate Accounting) are only allowed to take this course as an upper-level student on a Pass/Fail grading basis.
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Law Track(s):
Business & Taxation
- Basic
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Bar Subject(s):
NEW YORK SKILLS
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Concentration(s):
The Business of Innovation, Law and Technology: BILT (Concentration)
More information
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Course Book(s):
Textbook Required:
Yes
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Textbook Name: Financial Accounting
Textbook Type: Hardcover
Requirement: Required
Author: Weygandt, Kieso and Kimmel
Publisher: Wiley
Edition: 9th
ISBN: 1118334329
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First Class Assignment(s):
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Assignment:
Read first two chapters of the book
Material:
Financial Accounting, 9th Edition (earlier or later editions are fine if you cannot find 9th edition) by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso,
LAW 123 - Spring 2019 - SYLLABUS.pdf
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View Book Information
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