Principles and Applications
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Legal Accounting: Principles and Applications gives law students the tools they need to become sophisticated users of financial information on their clients' behalf. The three main units cover basic concepts (financial statement generation, analysis, and standardization), accounting topics that involve lawyers (revenues, expenses, contingent liabilities, equity accounting, business combinations), and legal topics that involve accounting concepts (internal controls, accounting terms in agreements and litigation, business valuation, liability for misleading statements). The materials can be used for a basic financial literacy text for students or a complete two- or three-credit course in accounting and finance law.
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