University of Miami School of Law Course Description - Online System
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Spring 2019
LAW123  A  FINANCIAL ACCOUNTING FOR LAWYERS

Course Description
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.

Course Schedule
Dates Day Time Room
01-15-2019 - 04-23-2019   TR  11:00 AM-12:20 PM F108

Course Frequency
This course is usually offered once every academic year

Course Information

Credits: 3
Pass/Fail Option: Yes
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.
Grading: Graded
Method of Evaluation: Exam
Graduation Requirements Fulfilled By Course:
General
Special Attributes: None
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.
Law Track(s):
Business & Taxation - Basic
Bar Subject(s):
NEW YORK SKILLS
Concentration(s):
The Business of Innovation, Law and Technology: BILT (Concentration)   More information
Course Book(s):
Textbook Required:
Yes  
  • Textbook Name: Financial Accounting
    Textbook Type: Hardcover
    Requirement: Required
    Author: Weygandt, Kieso and Kimmel
    Publisher: Wiley
    Edition: 9th
    ISBN: 1118334329
      
  
First Class Assignment(s):
  • 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

 
Professor(s)

BOND, JAMES


Biography
Contact Information:
Email: jbond@law.miami.edu
Phone: 305-284-3487

PEREZ, MARIO


Biography
Contact Information:
Email: mperez@bus.miami.edu