Introductory accounting, finance and auditing for lawyers
Introductory Accounting, Finance and Auditing for Lawyers, Fourth Edition, continues to be packed with incisive substance on accounting and finance, and also emphasizes the role of auditing in the financial reporting process, an element given substantial new weight under the Sarbanes-Oxley Act. The Fourth Edition reflects the significant developments in the world of accounting, finance and auditing, including those generated by the major scandals such as Enron and the responses generated by Sarbanes-Oxley, from the Act itself, to the Public Company Accounting Oversight Board (PCAOB) to the SEC. The book retains the same basic architecture, narrative style, problems, and pitch to law students as in previous editions, and adds substantial new material. Additions include three entirely new Chapters, several new Sections added to existing Chapters, new Tables, and enhanced technical formatting. New Chapters include Audit Practice, an introduction to the key features of a financial audit including an Illustration and Problem concerning the leading statistical sampling techniques auditors apply in tests of internal control over financial reporting. Another new Chapter is Finance Theory, a rigorous but still introductory account of modern portfolio theory, CAPM and efficient market theory with critiques from behavioral finance inspired in part by the Enron-style accounting scandals. Previous users of the book will find all the familiar Illustrations and Problems, along with a solid dose of new materials geared toward the increasing reliance being placed on auditing, audit committees, and corporate governance in the era ushered in by Sarbanes-Oxley and PCAOB.
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The Accrual System of Accounting
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Introductory Accounting, Finance and Auditing for Lawyers
Lawrence A. Cunningham
No preview available - 2004
accounting principles accounts receivable accrual adjusting adjusting entries allocated amount analysis annual assessing asset account assumptions audit clients Audit Committee auditor balance sheet BIC Corporation book value bookkeeping calculation called capital capitalization rate cash flows Chapter closing entries COGS common stock company's comparable companies concerning current assets debt decrease determine disclosure discount rate discussed dividend earnings effect entity entity's estimates example expected expense fair value FASB FIFO financial reporting financial statements fixed assets GAAP income statement increase independent internal control investment investors issue judgment Larry's Firm lawyers lease left-side entry liability LIFO matching principle material MD&A ment method MGB's non-audit services operating owner's equity owners P/E ratio paid payment period present value profit purchase ratio recorded reflect result revenue right-side entry risk Rolling Stone rules SAP's securities Sensormatic share shareholders sold Table tion transactions valuation