ACCOUNTING FOR LAWYERS

Prerequisites & course information

Requisites: Declared in Law JD Course Designation: Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Understand and apply the double‐entry bookkeeping process that produces financial statements Audience: Graduate 2. Read, analyze, and apply financial statements (and the notes that accompany those statements) in business and legal contexts Audience: Graduate 3. Apply the latitude and judgment that management exercises to arrive at reported numbers and to know the potential economic and legal consequences of those choices Audience: Graduate 4. Recognize and understand financial accounting issues important to every lawyer Audience: Graduate 5. Appropriately apply accounting terminology or concepts when drafting or negotiating agreements or settlement agreements Audience: Graduate 6. Recognize potential “red flags” that suggest financial difficulties‐‐or even financial fraud Audience: Graduate 7. Recognize opportunities to obtain accounting‐related information about an underlying legal situation and, when appropriate, to be familiar with potential ways to use that information in litigation Audience: Graduate Learning Outcomes: 1. Understand and apply the double‐entry bookkeeping process that produces financial statements Audience: Graduate 2. Read, analyze, and apply financial statements (and the notes that accompany those statements) in business and legal contexts Audience: Graduate 3. Apply the latitude and judgment that management exercises to arrive at reported numbers and to know the potential economic and legal consequences of those choices Audience: Graduate 4. Recognize and understand financial accounting issues important to every lawyer Audience: Graduate 5. Appropriately apply accounting terminology or concepts when drafting or negotiating agreements or settlement agreements Audience: Graduate 6. Recognize potential “red flags” that suggest financial difficulties‐‐or even financial fraud Audience: Graduate 7. Recognize opportunities to obtain accounting‐related information about an underlying legal situation and, when appropriate, to be familiar with potential ways to use that information in litigation Audience: Graduate