How to Understand and Analyze Financial Statements Out of Stock
Do You Have Complete Command of Your Financial Picture?
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June 2019
How to Understand and Analyze Financial Statements
What Lawyers Need to Know!
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 (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.
Learning Objectives
- Basic Concepts Underlying Financial Reporting
- Basic Financial Statement Analysis
- Common Manipulative Techniques
Agenda:
Friday, June 28, 2019
8:30 am
Registration and Continental Breakfast
9:00 am
Welcome and Introduction
9:10 am
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
10:40 am
Networking Break
10:50 am
The Financial Statements
- Accountants’ Report
- Balance Sheet
- Income Statement
- Statement of Cash Flows
- Notes to the Financial Statement
12:10pm
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
3:30pm
Networking Break
3:40pm
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
4:40pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $459.00 USD
- Member Price $369.00 USD
- General Credits 6.00
- Ethics Credits
- EDI Credits