Accounting & Financial Statements for Lawyers

To find out more about when and where you can participate in this course, click on one of the following seminar links:

Or, you can find out more information by contacting us at alexis.simon@barbri.com or by calling 1.877.647.5460.

Understanding financial statements and their relevance to various types of business and legal work is becoming increasingly important in the aftermath of numerous accounting scandals. Attorneys can no longer rely on the opinions of finance and accounting professionals and therefore must have a basic understanding of accounting. Additionally, attorneys face new liabilities in accounting matters since the passage of the Sarbanes-Oxley Act of 2002. This Continuing Legal Education (CLE/MCLE) course is designed to give attorneys a one day overview of accounting techniques, their relevance, and problems associated with each.

Click here to download Chapter 1 of The Wall Street MBA by Reuben Advani

60 minutes	Accounting Basics Double Entry Accounting, Cash vs. Accrual, GAAP, Financial Statements
45 minutes	Balance Sheet Assets, Liabilities, Owner's Equity, Sample Balance Sheet, Capital Formation Options
45 minutes	Income Statement Elements Explained, Recognizing Revenue, Tracking Expenses, FIFO vs. LIFO, Links Between Income Statement & Balance Sheet, Depreciation
30 minutes	Cash Flow Statement Sample Cash Flow Statement, Shortfalls of Cash Flow, Free Cash Flow
60 minutes	Lunch (on your own)
120 minutes	Financial Statement Analysis Activity Analysis, Liquidity Analysis, Profitability Analysis, Market Analysis, Book Value vs. Market Value, Earnings Per Share, Basic vs. Diluted Earnings
60 minutes	Fraud and Manipulation What is Fraud?, Types of Fraud, Off-Balance Sheet Entities, Case Study: Enron, Profit Smoothing, Footnotes – Spotting the Red Flags
60 minutes	Sarbanes-Oxley General Facts, Accounting Oversight Board Duties, How does this affect Lawyers?