Banking


Course Date: June 19, 2003

Introduction to Financial Statements and GAAP

  • learn about basic accounting concepts and principles
  • accounting as it relates to financial statements
  • learn what reliance you should place on audited, reviewed, and compiled financial statements

Video

Networking Break

Reading and Using Financial Statements

  • understand the difference between the various financial statements
    • balance sheet
    • income statement
    • statement of cash flow
  • what information can be obtained from the notes to the financial statements?
  • determine what financial statements tell you about a business including its performance and financial position
  • learn what financial statements do not tell you, including how to “read between the lines”

Lunch (on your own) and Optional Webinar Archive Session “CLE-TV: Email: Preventing a Mailstrom”

Jonathan Corbett — Quinlan Abrioux, Vancouver
Margrett George — Lawyers Insurance Fund, Law Society of BC, Vancouver

Financial Statement Fraud

  • examples of how financial statements are falsified
  • consider how much reliance to put on financial statements in a litigation setting

Networking Break

Financial Ratio Analysis

  • understand the various methods commonly used to analyze financial statements, including ratio analyses and
    comparisons to industry standards

Business Valuations

  • find out how to value a business
  • learn and understand basic valuation concepts
  • learn the different approaches used in valuing a business
  • understand the term “goodwill” and how it is determined

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