New Book Helps Lawyers Navigate Accounting Principles for Commercial Success
The article "Accounting Principles for Lawyers" aims to help lawyers, especially those dealing with commercial matters, understand accounting concepts. It breaks down basic ideas like profit versus cash flow, the accounting profession, and the legal framework. The book discusses UK accounting principles, global harmonization trends, and international standards. It also covers specific areas like group accounts, acquisitions, tax, leases, pensions, and financial instruments. The focus is on aspects that lawyers are likely to encounter in their work, making it useful for general practitioners and those in corporate, commercial, and tax law.