Perspective
May 7, 2011
Manipulating Ledgers With Pencil Strokes: Super Fuel for the Law Firm Drag Race
The nitty gritty behind how law firms use accounting methods to dress up their financial reports. By Edwin B. Reeser and James B. Hunt
SECOND IN A FOUR-PART SERIES: Part one appeared on May 5.This side of the Atlantic Ocean favors the accrual method of accounting in accordance with U.S. generally accepted accounting standards (U.S. GAAP). These rules are complex and onerous to install and maintain in an accounting department. Most law firms opt for a less-costly solution that produces useful financial reports with reliability near full accrual accounting ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In