LLM823 Accounting, Finance and Strategy for Lawyers

[3–0, 3 cr.]

The course teaches the basics every lawyer should know about accounting and finance in order to communicate, negotiate, and counsel effectively regarding business matters: the accounting process; the balance sheet, income statement, and cash flow; financial statement analysis; auditing; time value of money; interest; credit; securities; risk; valuation; derivatives; financial decision rules; and financial markets and regulation. The course will also present the fundamentals of business strategy to a legal audience and introduces the basic framework for the analysis of strategy, organizational and contractual designs and discusses special topics in competitive strategy.