Use of Financial Statements for Legal Professionals 2015
Course Date: April 16, 2015
Total: 19min
Use of Financial Statements for Legal Professionals 2015
Course Date: April 16, 2015
Total: 19min
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
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
