601:518. ACCOUNTING FOR LAWYERS (2 or 3)
The basics of accounting including Generally Accepted Accounting Principles (GAAP) and the governmental, quasi-governmental and private regulatory bodies that are their source.
This course will examine the conventions, techniques and limitations of financial accounting, including the accounting process, cash and accrual accounting, construction of the basic financial statements (the balance sheet, income statement, statement of retained earnings and statement of cash flows) and their use by creditors, regulators and others. No accountants or students who have taken an undergraduate or graduate course in accounting may register.