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
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

Share

COinS