ACCT Evaluating Financial Statement Information
Intellectual Property: Patent Law
Business Law: Finance: Capital Markets, Financial Reporting, Corporate Governance
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Evaluating Financial Statement Information
Graduate School of Business
Recommended for route(s):
[ Transactional ] Intellectual Property: Patent Law
Why it is relevant for ...
[ Transactional ] as a Relevant Course outside SLS for those interested in Accounting : Transactional attorneys should have a basic understanding of the business principles of their clients, such as accounting and the techniques for evaluating accounting information. Students should first select the law school course on Corporate Finance for a basic understanding of the capital structure of corporations.
General course Description:
This course aims to develop students' understanding of the relation between accounting numbers and underlying economic activity, and to develop students' ability to use accounting numbers in several decision contexts including evaluating profitability, forecasting future earnings and cash flows, selecting an appropriate financial reporting strategy, and assessing risk. Accordingly, the course will focus on several factors essential to this goal. These include understanding (1) the business environment a firm operates in, its contracting practices and their implications for what accounting principles are applied and what judgments are required; (2) the process that generates accounting numbers and its implications for the quality of those numbers for decision purposes; (3) approaches for assessing the sustainability and growth of a firm's revenues and earnings using financial statement information; and (4) approaches to evaluate earnings quality, the risk of earnings restatements, liquidity and solvency. This course should be of value to students who will be in senior positions within corporations and will determine financial reporting policies, as well as those outside corporations who will make investment or other decisions at least partially based on financial statement information.
Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law