Accounting for Lawyers, Concise 6th ed.

Title

Accounting for Lawyers, Concise 6th ed.

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Description

Now in its sixth edition, the concise version of this widely adopted text responds to the demand for a concise, efficient casebook that introduces novices to financial statements and how accounting issues frequently arise in the practice of law, both in transactional work and litigation. Designed specifically for one- and two-credit hour courses for law students with no accounting background, the text of the Concise Sixth edition is about forty percent shorter than the Sixth edition, so students will find this text less expansive and easier to master. The first section of each chapter, entitled "Importance to Lawyers," explains how the topics discussed in that chapter affect lawyers and their clients. The text empowers students:

  • To work backwards through the bookkeeping process and, when necessary, to trace an amount that appears on the financial statements through the accounting records to the ledgers, journals, and supporting documentation;
  • To negotiate agreements or other legal documents containing accounting terminology or concepts;
  • To recognize “red flags” that suggest financial difficulties--or even financial fraud; and
  • To understand--and, when necessary, defend against--the opportunities to obtain accounting-related information about an underlying lawsuit and then to use that information during litigation.

Like its predecessor, the Concise Sixth edition uses a “learn by doing” approach, including:

  • Illustrative financial statements from Starbucks Corporation
  • Multiple problems using the financial statements from Amazon.com, Inc., Alphabet Inc., and United Parcel Service, Inc.

ISBN

9781636591070

Publication Date

2022

Publisher

Foundation Press

Keywords

accounting, financial statements, bookkeeping, accounting principles, transactional work and litigation, negotiate agreements, legal documents containing accounting terminology or concepts, financial fraud

Disciplines

Accounting Law | Law

Comments

Concise sixth edition

University Casebook Series

Accounting for Lawyers, Concise 6th ed.

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