Accounting for Lawyers - New York University / NYU

9781308277905: Accounting for Lawyers - New York University / NYU
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A survey introduction to accounting with particular emphasis in four areas: 1. Accounting is a language and the double-entry system provides its grammar and its essential vocabulary. 2. Financial statements which are the end product of accounting. Straight-forward analytical steps (for example, ratio analysis and operating cycle analysis) to walk back from published financials to the underlying data, generating the information often critical to litigators and regulators, and also to creditors and investors. 3. Many, many computational problems are encountered in law practice from simple tort damages, through lease and sales transactions and state, local and federal tax issues, to some truly arcane financial problems. At bottom, all of these are problems of the time value of money, as is every valuation matter. The book is designed to give enough facility in solving time-value problems, so that you will be able to solve the more common problems, readily, and will have a way to attack the complex. 4. Accounting has undergone more intellectual ferment in the last 20 years than in the prior 500. As a last important goal, the book aims to produce thoughtful detached judgment about your professional and regulatory environment.

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