Understanding the public corporation requires knowledge of three subjects -- accounting, finance, and the law. A company must prepare financial statements that comply with accounting principles. These disclosures are used by investors who finance the company's operations. When companies manipulate their accounting, public investors are harmed and have a legal remedy under the federal securities laws. This class studies the relationship between accounting, finance, and the law, primarily by examining case studies of substantial frauds at public companies such as as Enron and WorldCom. Each student will be required to write a paper that examines a topic relating to corporate or securities law and do a class presentation based on their paper topic.
Business Associations is a prerequisite for this seminar.