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    Course Information

6562  Basic Accounting for Lawyers


No cost or obligation  
Course Length    121 minutes
Course Price    $ 119.00

Volume discounts and subscriptions are available; for more information, contact Cognistar Sales.

    Accreditation Information


Click on jurisdiction below for more details.
>>  2.00  credits    AK  AZ  CA  CO  GA  NY  PA  RI  TX  WA  WV

    About the Instructor(s)



 
Christopher Hennessey

Babson College

Professor Christopher P. Hennessey is a senior tenured member of the Babson College faculty. He was the academic dean of Babson College’s undergraduate program for six years. Professor Hennessey has developed and taught courses in both the MBA and undergraduate programs at Babson. As a full-time faculty director at SEE, he is responsible for custom program design, program development and delivery, selection and coaching of faculty, and client relationships and business development. Professor Hennessey teaches finance, including shareholder value, finance for the non-financial manager, mergers and acquisitions, economic value added, real options, and financial statement analysis. He also teaches corporate entrepreneurship with a focus on corporate venturing and strategy.

Professor Hennessey has led and taught in numerous custom programs for such companies as Siemens, American Express, Telenor, Pitney Bowes, Novell, Infineon, Sony, Allied Domecq, Hartford Financial Services, Smith’s Group, and others. He has taught in most areas of the world, including the United States, England, Norway, the Netherlands, Germany, Turkey, Hungary, Spain, Singapore, Malaysia, Australia, Brazil, Uruguay, and Canada.

Professor Hennessey has written cases on business management for use in custom programs. His current research issues are in the areas of shareholder value, economic value added, and corporate entrepreneurship. He has published articles on estate planning, taxes, and investments. Professor Hennessey has been quoted numerous times in print and has been a guest on television and radio.

Professor Hennessey is a principal in Beaumont Financial Partners, an investment advisory firm. He is also a member of the Business Advisory Group for Putnam Investments, a leading mutual fund company. He serves on the board of directors and as an advisor to a number of companies. His areas of expertise include accounting, financial and estate planning, and investments.

In addition to B.S. and B.A. degrees from Babson College, Professor Hennessey holds a J.D. from Suffolk University and an. LL.M. from Boston University.



    Outline + Synopsis

Outline Synopsis
Basic Accounting for Lawyers
    I. Goals
    II. Balance Sheets and Income Statements
        A. Accounting Equation
            1. Assets
                a. Cash
                b. Inventory
                c. Accounts Receivable
                d. Prepaid Expense
                e. Property, Plant and Equipment
                f. Goodwill
                g. Example: AOL-Time Warner
            2. Liabilities
                a. Accounts and Notes Payable
                b. Bonds Payable
                c. Accrued Items
            3. Shareholders’ Equity
                a. Common Stock
                b. Common Stock, Continued
                c. Treasury Stock
                d. Retained Earnings
        B. Book Value
        C. The Baron Coburg Case
            1. Overview
            2. Beginning Balance Sheets
            3. Ending Balance Sheets
                a. Fred’s Ending Balance
                b. Ivan’s Ending Balance
            4. Income Statements
                a. Fred’s Income
                b. Ivan’s Income
            5. Who’s the Better Farmer?
            6. Who’s the Better Farmer? (Continued)
        D. Evaluating Companies
        E. Financial Statement Relationships
        F. Financial Statement Ratios
        G. Primary Financial Objectives
        H. Cash Flow
            1. Cash Flow Statements
            2. Cash Flow Example (1)
            3. Cash Flow Example (2)
            4. Cash Flow Example (3)
        I. Return on Equity
        J. Return on Equity, Continued
    III. Annual Reports
        A. Financial Statements
        B. Dell’s Balance Sheet
        C. Southwest Airlines’ Revenue Statement
        D. Southwest Airlines’ Cash Flow
        E. Cash Flow Statement on Investing Activities
        F. Microsoft and Idex
    AfterWords®
    How to Obtain a Certificate


Lawyers are expected to be experts in many areas. Unfortunately, the duty of learning the law sometimes makes it difficult to learn other important skills, like proper accounting practices. Basic Accounting for Lawyers offers a beginner’s take on accounting basics such as balance sheets, income statements, and financial analysis.




    Content Provided By

  Babson College, a premier, independent school of management education in Wellesley, Massachusetts, is recognized internationally as a leader of entrepreneurial management education. Babson grants B.S., M.B.A., and custom M.S. Degrees; and offers executive development programs to experienced managers worldwide through its School of Executive Education. Babson programs are currently ranked number one in Entrepreneurship in the U.S. or worldwide by Business Week, the Financial Times, and U.S. News and World Report. Babson's degree programs are accredited by AACSB - The International Association for Management Education, and the New England Association of Schools and Colleges.



    Purchase course

6562  Basic Accounting for Lawyers

Course Price     $ 119.00


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Volume discounts and subscriptions are available; for more information, contact Cognistar Sales.

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