How to Understand and Analyze Financial Statements: What Lawyers Need to Know Out of Stock
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March 2016
How to Understand and Analyze Financial Statements: What Lawyers Need to Know
Program Highlights:
- Basic Concepts Underlying Financial Reporting
- The Financial Statements
- Basic Financial Statement Analysis
- Common Manipulative Techniques
Program Description:
Complex financial issues are involved in nearly every area of law, and it is your responsibility to master 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 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.
Agenda:
8:30am
Registration and Continental Breakfast
9:00am
Welcome and Introduction
9:10am
Basic Concepts Underlying Financial Reporting
- Generally Accepted Accounting Principles (GAAP) and Non-GAAP Accounting
- Levels of Assurance Provided in a Financial Statement
- Net Income vs. Cash Flow
- Depreciable Assets
- Capitalizing vs. Expensing
- Inventory
- Other Fundamental Concepts
10:25am
Networking Break
10:40am
The Financial Statements
- Accountants' Report
- Balance Sheet
- Income Statement
- Statement of Cash Flows
- Notes to the Financial Statement
11:55am
Lunch Break on Your Own
1:30pm
Basic Financial Statement Analysis
- Short-term Liquidity
- Long-term Solvency and Planning
- Profitability
- Return on Investment
- Commonly Used Ratios
3:10pm
Networking Break
3:20pm
Common Manipulative Techniques
- How a Financial Statement Can Follow the Rules and Still be Deceptive
- Circumstances Where You are Most at Risk of Being Misled
- Tactics to Protect Yourself, Clients and Your Firm
4:10pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $349.00 USD
- Member Price $309.00 USD
- General Credits 6.00
- Ethics Credits 0.00
- EDI Credits