How to Understand and Analyze Financial Statements Out of Stock
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Complex financial issues are involved in nearly every area of law — have you mastered the skills and knowledge necessary to handle those issues effectively? This detailed program will provide you with the financial literacy required to protect yourself and your clients by guiding you through an understanding of accounting concepts, terminology, and financial statements. Beginning with an examination of Generally Accepted Accounting Principles (GAAP) and continuing with an overview of an actual financial statement, you will gain hands-on experience from Doug Smith, one of the nation’s leading experts in the field.
- Basic Concepts Underlying Financial Reporting
- Basic Financial Statement Analysis
- Common Manipulative Techniques
Home studies will be available approximately 2-3 weeks following the live program.
If disability accommodations or special assistance are needed, please contact us at [email protected]. Requests must be made at least two weeks prior to the scheduled program.
The program will be submitted for CLE accreditation in Colorado. If you need to seek accreditation in another state, please review the process and requirements for that individual state. CBA-CLE staff can provide a Uniform Certificate of Attendance, and it is the attendee’s responsibility to complete the accreditation outside of Colorado.
9:00 – 9:05 am
Welcome and Introduction
9:05 – 10:20 am
Basic Concepts Underlying Financial Reporting
- Generally accepted accounting principles (GAAP) and non-GAAP reporting
- Levels of assurance provided in a financial statement
- Net income vs. cash flow
- Depreciable assets
- Capitalizing vs. expensing
- Inventory
- Other fundamental concepts
10:20 – 10:30 am
Stretch Break
10:30 am – 12:10 pm
The Financial Statements
- Accountants’ report
- Balance Sheet
- Income Statement
- Statement of Cash Flows
- Notes to the Financial Statement
12:10 – 1:10 pm
Lunch Break
1:10 – 2:25 pm
Basic Financial Statement Analysis
- Short-term liquidity
- Long-term solvency
- Profitability
- Return on investment
- Commonly used ratios
- Other analysis issues
2:25 – 2:40 pm
Stretch Break
2:40 – 3:30 pm
Common Manipulative Techniques
- How a financial statement can follow the rules and still be deceptive
- Circumstances where you are at most at risk of being misled
- How to spot the tipoffs of a problem
3:30 pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $519.00 USD
- Member Price $389.00 USD
- General Credits 6.00
- Ethics Credits
- EDI Credits