Lecture - 3 units. This course will provide an overview of business concepts for law students. The first part of the course will cover accounting, including what the major financial statements are and how to read them, as well as basic financial analysis ratios (e.g., return on equity, return on assets). The course will then cover basic financial concepts, such as risk versus return and the time value of money and the application of these concepts to business valuation. It also covers the use of financial and accounting concepts in common business contract terms such as loan covenants and leasing and M&A agreement provisions. Time permitting, additional topics in finance will be addressed. Students should be aware that the course will make use of Excel, although instruction will be provided. The course makes heavy use of basic math (through fractions and percentages).
Final Assessment: Final Exam
Grading Mode: Letter Grading