Courses@BoaltNOTE: Course offerings change. Classes offered this semester may not be offered in future semesters.
253.1 sec. 1 - Essential Principles of Accounting and Finance in Business Litigation (Fall 2011)
Instructor: George Brown (view instructor's teaching evaluations)
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Meeting Time: Th 6:25-8:15
Meeting Location: 141
Course Start: August 25, 2011
Course Control Number (Non-1Ls): 49720
The goal of this course is to introduce students to the most important accounting and finance concepts that impact the outcomes of business disputes. We will study cases that apply a particular accounting rule or concept and review primary source materials where appropriate. We will also review actual company SEC filings and financial disclosures, to see how the accounting and finance principles are disclosed and explained. We will also cover key concepts such as revenue recognition, materiality, depreciation and amortization, fair value accounting, loss contingencies, and LIFO and FIFO inventory methods. We will review and discuss basic valuation principles, and see how they are applied in litigation settings. Students will also learn about how finance and economic concepts are used to estimate shareholder losses in class action securities fraud suits.
George Brown is a partner in Gibson, Dunn & Crutcher's Palo Alto office and a member of the Litigation Department. Mr. Brown practices in the areas of complex securities litigation, accountants' liability and corporate governance. He has represented officers, directors, board committees and the professionals who serve those corporate constituencies in class action securities litigation, internal company investigations, regulatory and grand jury investigations, derivative actions, arbitration proceedings, and related matters. He regularly represents accounting firms in a wide variety of disputes proceedings and regulatory settings. He was also previously a law professor at UCLA School of Law, where he taught contracts, business associations, and securities regulation courses.
There is no prerequisite, but it would be useful if students have some prior exposure to accounting and finance or are concurrently enrolled in Business Associations or other business law courses.
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A reader will be used in this class.
Instructor has indicated that no books will be assigned.