Basic Accounting Principles for Lawyers: With Present Value and Expected Value

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LexisNexis, Aug 1, 2008 - Law - 136 pages
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This book is not a slimmed-down Accounting for Lawyers casebook, but a book especially designed as an auxiliary book for other courses that draw on accounting. It is brief, inexpensive, and gives students a plain English, sometimes even humorous, introduction to the basics of accounting and to the financial concepts of present value and expected value. It allows students to learn the essential accounting concepts outside of class so professors can spend more of valuable class time focusing on the core concepts of a course. The chapters are short and modular, so professors can assign as much or as little as students need to know for a course.
 

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Contents

Introduction
Assets Liabilities and Equity
Revenues Expenses and Net Income Loss
Consolidated Financial Statements
MORE ABOUT THE BALANCE SHEET
How Transactions Affect the Balance Sheet
The Equity Section of the Balance Sheet
Insolvency
Inventory
Contingencies
The Statement of Cash Flows
THE ACCOUNTING ENVIRONMENT
Generally Accepted Accounting Principles
Notes to the Financial Statements
Auditing
Cost Accounting

ACCRUAL DEFERRAL AND CASH FLOW
Accrual and Deferral
Depreciation Depletion and Amortization
Expected Value
Index
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