Law Department Management Blog
In March 2007, I collected references here to accounting concepts and concerns. Since then the more recent additions number 10 (See my post of Sept. 5, 2007: compensation over $1 million; Dec. 3, 2007: cash basis and reserves and P&L; Aug. 12, 2008: options expensed; Nov. 9, 2008: deal costs must be expensed, not capitalized; Dec. 31, 2008: proposed FASB rule on disclosure of reserves for individual litigations; Feb. 25, 2009: capitalized patent costs; March 11, 2009: GC fired for accounting irregularities; March 1, 2010: two accounting systems used by insurance firms; Oct. 7, 2010: accounting qualms about AFAs; and Nov. 1, 2010: full charge backs of legal costs.).
Given the centrality of business knowledge to inside attorneys, the other metaposts on accounting deserve to be repeated as well as a collection of posts on the finance department (See my post of March 18, 2007: accounting terms with 15 references; and June 18, 2009: interplay of finance/accounting and legal with 19 references and 2 metaposts.).