Book Review Attorney's Handbook of Accounting, Auditing and Financial Reporting, D. Edward Martin and Richard A. Eisner, Matthew Bender, 1992, 791 Pages of Text, 32 Pages of Appendices, 84 Pages of Indices. $170.00
| Pages | 74 |
| Publication year | 2021 |
68 CBJ 74. BOOK REVIEW ATTORNEY's HANDBOOK OF ACCOUNTING, AUDITING AND FINANCIAL REPORTING, D. Edward Martin and Richard A. Eisner, Matthew Bender, 1992, 791 pages of text, 32 pages of appendices, 84 pages of indices. $170.00
In order to be of any real value to practitioners, virtually by definition any legal treatise must be accessible to users who are not experts in the subject it covers. This is especially true with respect to particularly technical subjects, such as the world of accounting. And this quality is most difficult to achieve when the goal of the treatise is to bridge from one discipline - here, accounting - to another -the practice of law. At the same time, the work must not be so basic as to exhaust its usefulness early on even to those unfamiliar with its discipline.
Attorney's Handbook of Accounting, Auditing and Financial Reporting admirably achieves these several balances. The Handbook offers something for lawyers in all walks, as well it should. Because it is a rare practice that does not eventually require the lawyer to grapple with accounting and auditing principles and issues.
In addition to obvious topics, such as those most familiar to business and corporate practitioners (e.g. "lawyers letters" in response to corporate auditors' requests, located in Chapter 12, "The Auditing Process"), a chapter entitled "Filings With the Securities And Exchange Commission" (Chapter 8), and "Accounting And Reporting For Nonprofit Organizations" (Chapter 9), the Handbook also provides assistance to estate planning practitioners (see Chapter 11, "Accounting For Estates And Trusts"), and to real estate, business, and tax practitioners (see Chapter 10, "Accounting And Reporting For Partnerships And joint Ventures"). Topics of practical use to lawyers in general are also provided in an eminently understandable presentation, in Chapters I through 7, comprising virtually an accounting and auditing textbook, which succinctly guides the reader through such accounting axioms as "Fundamental Accounting Concepts", in Chapter 2, "The Income Statement", in Chapter 4, to "Notes To Financial Statements", in Chapter 7, and finally to Chapter...
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