How to Understand and Analyze Financial Statements Out of Stock
What Lawyers Need to Know
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September 2017
How to Understand and Analyze Financial Statements
What Lawyers Need to Know
Learning Objectives:
- Basic Concepts Underlying Financial Reporting
- 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.
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You may also be interested in these CBA-CLE books:
The Practitioner’s Guide to Colorado Business Organizations, ZPGCBO10B
Lawyers’ Professional Liability: Preventing Malpractice and Disciplinary Actions, ZLPLIB17B
PROGRAM AGENDA
8:30
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
12:10 pm
Lunch on Your Own
1:30 pm
Basic Financial Statement Analysis
- Short-term Liquidity
- Long-term Solvency and Planning
- Profitability
- Return on Investment
- Commonly Used Ratios
- Other Financial Statement Issues
- Other Measurements of Earning
3:10 pm
Networking Break
3:30 pm
Summary of 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
4:00pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $339.00 USD
- Member Price $309.00 USD
- General Credits 6.00
- Ethics Credits 0.00
- EDI Credits