This book, now in its sixth edition and adopted at 80 schools in its 15-year history, presents accounting, finance and auditing using clear narrative with extensive illustrations. Written by a leading scholar of law and accounting, it balances accessibility with rigor. Pedagogical features that make this book easy to use include a coherent layout, complete set of PowerPoint slides, comprehensive Problems and Solutions, intriguing Conceptual Questions and International Comparisons plus a glossary, bibliography, index and Teacher's Manual. It can be used as the primary book for a one-, two- or three-credit accounting course or to supplement business associations, corporations or corporate finance courses.

Most law students have never had formal coursework in accounting or finance, yet these areas are integral to so many law school courses including: Business Associations, Securities Regulations, Corporate Finance, Taxation, Banking Law, Financial Regulation, and Business Planning. With math no more difficult than high school algebra, Essential Concepts of Business for Lawyers, Third Edition fills in those gaps with an accessible and interactive presentation of accounting, finance, and financial markets. Each stand-alone chapter provides a complete lesson that will shed light on business courses in law school, as well as business situations in legal practice. New to the Third Edition: Updates for and addition of new cases that illustrate the business concepts Addition of more examples, including information related to more companies such as Google and Uber Addition of new materials on the basic microeconomic concept of supply and demand Professors and students will benefit from: A self-contained course book that supports a 2-credit course on an overview of business concepts, including accounting, finance, valuation, financial instruments, and business strategy Lessons that go beyond the definitions of terms of art and business terminology A book written at an accessible level Edited appellate cases that connect business concepts to the law and legal practice Knowledge of the basic and most essential concepts of business Materials presented in an accessible way including the use of many examples to illustrate difficult concepts Clear explanations of difficult materials and foreign concepts

Introductory Accounting, Finance and Auditing for Lawyers, Fourth Edition, continues to be packed with incisive substance on accounting and finance, and also emphasizes the role of auditing in the financial reporting process, an element given substantial new weight under the Sarbanes-Oxley Act. The Fourth Edition reflects the significant developments in the world of accounting, finance and auditing, including those generated by the major scandals such as Enron and the responses generated by Sarbanes-Oxley, from the Act itself, to the Public Company Accounting Oversight Board (PCAOB) to the SEC. The book retains the same basic architecture, narrative style, problems, and pitch to law students as in previous editions, and adds substantial new material. Additions include three entirely new Chapters, several new Sections added to existing Chapters, new Tables, and enhanced technical formatting. New Chapters include Audit Practice, an introduction to the key features of a financial audit including an Illustration and Problem concerning the leading statistical sampling techniques auditors apply in tests of internal control over financial reporting. Another new Chapter is Finance Theory, a rigorous but still introductory account of modern portfolio theory, CAPM and efficient market theory with critiques from behavioral finance inspired in part by the Enron-style accounting scandals. Previous users of the book will find all the familiar Illustrations and Problems, along with a solid dose of new materials geared toward the increasing reliance being placed on auditing, audit committees, and corporate governance in the era ushered in by Sarbanes-Oxley and PCAOB.