Understanding Financial Statements

Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
Beginner
- work Practice Area
Professional Skills
- event Date
Wednesday, May 1, 2024
- schedule Time
1:00 PM E.T.
- timer Program Length
60 minutes
This CLE course is designed to give legal professionals an overview of accounting techniques and their relevance. The course will review financial statements such as Balance Sheets, Income Statements and Cash Flow Statements
Faculty

Mr. Sims is a 26-year veteran in legal education. He works closely with leading law school administrators, faculty, and students to improve law school and bar exam results.
Description
Legal professionals are expected to have basic financial skills and are encouraged to understand budgeting as part of project management in order to better serve clients and their respective organizations. This course is designed to provide lawyers and other legal support professionals a baseline of financial knowledge and skill to read, interpret and act upon financial documents. Financial literacy is a fundamental skill of the modern legal professional today, and a working knowledge of finance is imperative in meeting client expectations and practicing at the highest levels of the law.
As accounting scandals threaten to erode confidence in corporate America, legal professionals are increasingly involved in preparing and analyzing financial statements. From financial statement reporting to detecting fraud, this course is designed to provide an overview of accounting techniques, their relevance, and problems associated with each.
Outline
- Accounting Basics
- Balance Sheet
- Income Statement
- Cash Flow Statement
- Review
- Adelphia Case Study
- Amazon/Whole Food Case Study
Benefits
This course is part of a six course series in which students learn everything from the basic elements of finance to advanced concepts in financial statements. These courses were created by Reuben Advani, a Yale and Wharton Business School educated financial expert, author and entrepreneur with many years of experience in finance and education.
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