Essential Concepts of Business for Lawyers
Course Number: LAW 6930 Credits: 1
This course teaches students essential concepts of business that lawyers should know. The focus is on basic concepts of accounting and finance. These concepts are important in numerous areas of law including corporation law, securities regulation, corporate finance, mergers and acquisitions. Other practitioners may also find these concepts useful including practices in tax, family law, regulation of industries, bankruptcy, and litigation. Among other topics, the course covers financial statements (including income statement, balance sheet, and cash flow statement), business ratios and financial statement analysis, time value of money and discount rates, valuation methods (including market multiples and DCF analysis), capital structure, market actors and their roles, and basic market transactions such as capital raising and acquisitions.
*No accounting, finance, or business majors. No previous undergraduate accounting or finance course.