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Now in its sixth edition, the concise version of this widely adopted text responds to the demand for a concise, efficient casebook that introduces novices to financial statements and how accounting issues frequently arise in the practice of law, both in transactional work and litigation. Designed specifically for one- and two-credit hour courses for law students with no accounting background, the text of the Concise Sixth Edition is about forty percent shorter than the Sixth Edition, so students will find this text less expansive and easier to master.

The first section of each chapter, entitled "Importance to Lawyers," explains how the topics discussed in that chapter affect lawyers and their clients. The text empowers students:

  • To work backwards through the bookkeeping process and, when necessary, to trace an amount that appears on the financial statements through the accounting records to the ledgers, journals, and supporting documentation;
  • To negotiate agreements or other legal documents containing accounting terminology or concepts;
  • To recognize “red flags” that suggest financial difficulties--or even financial fraud; and
  • To understand--and, when necessary, defend against--the opportunities to obtain accounting-related information about an underlying lawsuit and then to use that information during litigation.

Like its predecessor, the Concise Sixth Edition uses a “learn by doing” approach, including:
  • Illustrative financial statements from Starbucks Corporation
  • Multiple problems using the financial statements from Amazon.com, Inc., Alphabet Inc., and United Parcel Service, Inc.

To assist instructors, additional teaching materials supplement the text with an electronic version of the teacher’s manual, PowerPoint slides, and sample exams.


Imprint: Foundation Press
Series: University Casebook Series
Publication Date: 06/13/2022

Mathew J. Barrett, Notre Dame Law School

David R. Herwitz, Harvard University Law School

CasebookPlus™

This title is available in our CasebookPlus format. CasebookPlus provides support beyond your classroom lectures and materials by offering additional digital resources to you and your students. Anchored by faculty-authored formative self-assessments keyed to our most popular casebooks, CasebookPlus allows students to test their understanding of core concepts as they are learning them in class – on their own, outside of the classroom, with no extra work on your part. CasebookPlus combines three important elements:

  • A new print or digital casebook
  • Access to a downloadable eBook with the ability to highlight and add notes
  • 12-month access to a digital Learning Library complete with:
Multiple-choice self-assessment questions, including:
  • Chapter questions keyed to the casebook
  • Black Letter Law questions (available in select subjects)
  • Subject area review questions for end of semester use
Essay and short answer questions with sample answers and expert commentary, in 1L and select upper-level subjects

Leading digital study aids, an outline starter, and audio lectures in select subjects

Students can still utilize CasebookPlus digital resources if they’ve purchased a used book or are renting their text by purchasing the Learning Library at westacademic.com.

With CasebookPlus, you can customize your students’ learning experience and monitor their performance. The quiz editor allows you to create your own custom quiz set, suppress specific quiz questions or quiz sets, and time-release quiz questions. Additionally, the flexible, customized reporting capability helps you evaluate your students’ understanding of the material and can also help your school demonstrate compliance with the new ABA Assessment and Learning Outcomes standards.

The Concise Sixth Edition incorporates numerous developments since the Fifth Edition, most significantly discussions about the new generally accepted accounting principles governing revenue recognition, lease accounting, and credit losses. Often collectively referred to as "new GAAP," these rules mark the most significant changes to financial accounting in at least a generation. The Concise Sixth Edition also identifies and discusses various financial accounting issues that lawyers should keep in mind during the coronavirus pandemic and its aftermath.

Learn more about this series.