Basic Accounting Principles for Lawyers: With Present Value and Expected Value
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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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
The Statement of Cash Flows
THE ACCOUNTING ENVIRONMENT
Generally Accepted Accounting Principles
Notes to the Financial Statements
Other editions - View all
accepted accounting principles accounting period Accounting Standards Board accounting statements Accounts Receivable accrued Additional Paid-in Capital allocated amortization amount Assume audit opinion auditor average total cost balance sheet insolvency basis of accounting book value calculate Capital Stock Cash account cash flow Certified Public Accountants Clara company’s accounting company’s financial statements Concepts to Remember contingency control over financial corporation debt Deferred Depletion depreciation expense discount rate dollars ending inventory equity accounts Equity Cash equity section estimate example expected value FASB Financial Accounting Standards financial reporting fixed cost Footnotes future value GAAP income statement internal control investment Key Concepts Land law school law students lawyer LIFO loss marginal cost net income Note Payable number of units Owner’s Equity paid par value payment present value produce purchased Retained Earnings revenue salvage value Sarbanes-Oxley Act sells Shareholders sold T-accounts there’s Total Assets Total Liabilities transactions truck variable cost widgets