About the Book
Essential Concepts of Business for Lawyers 2E
University of Florida Levin College of Law
2016. 434 pages. ISBN: 978-1-4548-7043-2.
With Teacher's Manual.
About the Book
Most law students have never had formal coursework in accounting or finance, yet these areas are integral to so many law school courses: 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, Second 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.
With timely coverage of recent events and an interactive approach to learning, Essential Concepts of Business for Lawyers features:
• Part I, Accounting and Financial Statement Analysis
• Financial accounting statements, with a focus on income statements, balance sheets, and cash flow statements; and how they relate to each other
• Part II, Principles of Finance and Valuation
• The time and risk value of money
• Developing a framework for understanding economic value; such as the cost of capital, intrinsic value, and market valuation methods
• Part III, Financial Instruments and Capital Markets
• Basic financial instruments—debt, preferred stock, common equity, and derivatives
• Capital markets—what capital markets are, how they work, who are the players, and the role of lawyers
• Part IV, Corporate Transactions and Business Strategy
• Corporate transactions—major corporate transactions including capital raisings, mergers and acquisitions, and restructurings
• Business strategy—what is business strategy, what considerations drive corporate decisions
• Examples in each chapter illustrate challenging concepts
• Innovative Pedagogy, such as Stop and Think, Conceptual Key, and F.Y.I.—guide studying, explain new terms, provide context, and clarify complex concepts
• End-of-chapter review aids
• Essential Terms
• Key Concepts
• Review Questions
• Vivid hypotheticals show the application of concepts in practice
• Visual aids throughout, such as charts, diagrams, and tables
• Timely coverage of recent events, such as the financial crisis, the collapse of investment banks, and the Bernie Madoff fraud
• Edited appellate cases—such as Enron, WorldCom, and Bear Stearns—provide context, apply business concepts, and demonstrate the need for lawyers to understand business
• New chapter on Business Strategy introduces students to the concept of strategy, which (should) drive most business decisions, including the engagement of corporate transactions such as capital raisings and mergers and acquisitions.