• Essentials of Business – 5076

    Spring 2021




  • Course Equivalency

    Students may NOT earn credit if LAW 6016/6076 Essentials of Business for Lawyers or LAW 6101 Business Finance, Accounting, and Strategy or LAW 6112 Accounting and Finance for Lawyers or LAW 6810 MBA Concepts for Lawyers was previously completed.

    Student Year
    Graduate, Undergraduate
    Course type

Among other things, this course will teach you how to: (1) Understand basic accounting principles; (2) Read an annual report and analyze financial statements; (3) Look beyond mere numbers to gauge the real financial performance and strength of an entity; (4) Employ cash flow analysis to value a business or determine the potential financial rewards of an investment opportunity; and (5) Understand the strategic questions that business managers must confront in governing their companies.

The course surveys foundational concepts, analytical techniques, and practices related to finance, accounting, and strategic management issues lawyers confront when working with business executives either as an outside consulting attorney or as an inside corporate counsel.  It may also consider other skills and concepts used by business executives, including organizational behavior, marketing, and quantitative analysis.  The overall aim of the course is to help law students better appreciate the broader business context of legal decision-making, and so that they can contribute more effectively as a member of a firm’s top management team or as outside counsel.

Contact Information

University of Minnesota Law School

Walter F. Mondale Hall | 229 19th Avenue South | Minneapolis, MN 55455

P: 612-625-5000

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