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Accounting For Lawyers: How to Understand and Analyze Financial Statements 2014

$270

DVD CD MP3

This seminar is accredited for 6.9 WV MCLE credits, including 6.9 Ethics/L.O.M credits.

Speaker: Douglas R. Smith, CPA

Understanding Basic Concepts Underlying Financial Reporting

Generally Accepted Accounting Principles (GAAP) and non-GAAP reporting

Levels of assurance provided in a financial statement

Net Income vs. Cash Flow

Depreciable Assets

Capitalizing vs. Expensing

Inventory

Other fundamental concepts

Understanding The Financial Statements

Accountants’ Report

Balance Sheet

Income Statement

Statement of Cash Flows

Notes to the Financial Statements

Basic Financial Statement Analysis

Short-term Liquidity

Long-term Solvency and Planning

Profitability

Return on Investment

Commonly Used Ratios

Special Reporting and Litigation Issues

Business Combinations

Leases

Reporting in Troubled Companies

Document Discovery

Questions to Ask a Business Valuator

Other special issues

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, your clients, and your firm

Document Discovery