About USC Gould
USC Gould is a top-ranked law school with a 115-year history and reputation for academic excellence. We are located on the beautiful 228-acre USC University Park Campus, just south of downtown Los Angeles.
Learn about our rigorous and interdisciplinary curriculum, our invaluable experiential learning opportunities, and the breadth and depth of our specialized areas of concentration and certificate offerings.
- Student Life
Participate in an unparalleled learning experience with diversity of people and thought. Get involved in the law school community and participate in activities that enhance your studies.
We work closely with students, graduates and employers to support successful career goals and outcomes. Our overall placement rate is consistently strong, with 94 percent of our JD class employed within 10 months after graduation.
Our faculty is distinguished for its scholarship, as well as for its commitment to teaching. Our 12:1 student-to-faculty ratio creates an intimate and collegial learning environment.
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Alumni and Giving
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- + AREAS OF CONCENTRATION
- ALTERNATIVE DISPUTE RESOLUTION
- BUSINESS LAW
- MEDIA, ENTERTAINMENT AND TECHNOLOGY LAW
- PUBLIC INTEREST LAW
- + EXPERIENTIAL LEARNING
- UNDERGRADUATE COURSES AND PROGRAMS
- CORPORATE AND CUSTOM EDUCATION
- + NON-DEGREE PROGRAMS
- ACADEMIC CALENDAR
- COURSE DESCRIPTIONS
Accounting for Lawyers (Fall 2017)
- Course Number: LAW-614
- Class Number: 03250
- Instructor: Adrian Stern
Accounting is essential to the effective functioning of any business organization, both for profit and not for profit organizations. A test of any system, whether in the corporate form, partnership, or sole proprietorship and the aspects of it represented by accounting, ultimately is judged by the results which are produced, and the integrity of management and financial information.
The first third of the course will represent what a lawyer needs to know about basic accounting and financial reporting. The course will cover basic accounting and organizational issues, the basic financial statements and concepts such as cash vs. accrual methods of accounting and financial analysis.
The remaining two-thirds will cover a broad range of topics including:
· Accounting for Law Firms
· Accounting for Businesses with Inventory
· Using the Financial Statement to Calculate Damages in Litigation Matters
· Business Valuations Using Financial Statements
· Using the Financial Statements in Buying and Selling Businesses
· Goodwill: What is it? Why is it important? Where Does it Come From?
· The Difference between For-Profit and Non-Profit Accounting.
· Income Taxes and How They Impact Financial Statements
· Fraud In Financial Statements
· Accounting Software: QuickBooks and Beyond
· The Auditor's Role Involving Financial Statements and the Attorney
· Financial Statements Projections and Forecast
· The Do's and Don'ts of Accounting in Family Law Matters: Where They Hide the Money and Where You Find It
- Unit Value: 3
- Grading Options: Numerical or CR/D/F
- Schedule: W 3:00 pm - 5:30 pm
- Room Number: Room 103
- Exam: In-class, closed-book exam
- Writing Requirement: No
- Skills/Experiential Unit Requirement: No
- Participation: Mandatory
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