This course highlights two key areas of business knowledge required of law school graduates in legal practice where effective argumentation and legal advice depends on understanding of techniques and language of accounting and finance. The Accounting part of the module covers the methods of accounting for ordinary business transactions and financial analysis. It starts with introducing the central notions of double-entry bookkeeping and the debit and credit convention and continues with construction and functions of the balance sheet, the income statement and the statement of cash flows. It concludes with basic financial analysis, including benchmark and trend analysis of profitability, leverage, liquidity, efficiency and market ratios.  The Finance part of the module covers fundamental principles of corporate finance. It starts with important theoretical foundations of modern finance, including Coase’s theory of the firm, Modigliani and Miller’s thesis on the cost of capital and leverage effect, and the characteristics and implications of the Berle-Means corporation. It continues with financial valuation, covering time value of money and discounted cash flow valuation of financial assets, the relationship between risk and return, notions of diversification, and the Capital Asset Pricing Model. It concludes with Efficient Capital Markets Theory and its critical assessment from the perspective of behavioural finance.