Advanced Financial Issues in Family Law
Course Date: September 29, 2006
Advanced Financial Issues in Family Law
Course Date: September 29, 2006
7:45 am – 8:45 am
OPTIONAL ETHICS SESSION: "CLE-TV: Procrastination 2013
Derek C. LaCroix, QC — Executive Director, Lawyers Assistance Program, Vancouver
Allison Wolf — Certified Executive Coach, Shift Works Strategic Inc., Vancouver
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”
Public Accountant Reports
Lunch (on your own)
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 Statement 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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