Accounting and Corporate Finance for Lawyers
Publication Date
2019
Document Type
Book
Organizational Units
Sturm College of Law
Keywords
Accounting, Finance, Corporate, Financial statements, Auditing, Dividend, Commitments, Contingencies, Interest, Time value of money, Covenants, Contracts, Valuation, Corporate Finance
Abstract
Accounting is often referred to as "the language of business," meaning that business people communicate information about the operations and financial status of the business through the use of account concepts and practices to produce financial reports. According to one business dictionary, accounting is the "systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting, and communicating financial information" about an entity's condition. Entities present this information to users in the form of financial statements and reports. In order to understand financial reports, lawyers must have a basic understanding of accounting and finance concepts, meaning they must speak "the language of business."
Copyright Statement / License for Reuse
All Rights Reserved.
Publication Statement
Copyright is held by Wolters Kluwer. User is responsible for all copyright compliance. This book was originally published as Stacey L. Bowers, Accounting and Corporate Finance for Lawyers (2019).
Rights Holder
Wolters Kluwer
Language
English (eng)
Recommended Citation
Stacey L. Bowers, Accounting and Corporate Finance for Lawyers (2019).