This is the Fifth Edition of the most widely adopted text in the field. Together with the Teacher's Manual, accompanying PowerPoint slides and a national author forum on lawschool.westlaw.com, this casebook offers a complete and effective teaching tool and allows students to benefit from the most current materials available. In an effort to make accounting as understandable as possible, this book uses a "learn by doing" approach, with financial statements from Starbucks Coffee Company, Amazon.com, Ford Motor Company, and Eastman Kodak Company to illustrate various concepts, and comprehensive problems in every chapter. By identifying and emphasizing those accounting topics and issues most likely to confront lawyers in the 21st century, it offers students more than basic accounting. Although primarily designed for the law student with no accounting background, the Fifth Edition does include sufficiently provocative material to enable students with previous accounting experience to appreciate better how accounting issues interrelate with the legal profession.

Because the Fifth Edition retains and updates materials that cover more advanced topics, interested professors can also use these materials to teach a more sophisticated course.