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ACCOUNTING FOR LAWYERS: HOW TO UNDERSTAND AND ANALYZE FINANCIAL STATEMENTS 2014-MP3 SEMINAR-(1230-1502)ACCOUNTING FOR LAWYERS: HOW TO UNDERSTAND AND ANALYZE FINANCIAL STATEMENTS 2014-MP3 SEMINAR-(1230-1502)
$270.00

 ACCOUNTING FOR LAWYERS:

HOW TO UNDERSTAND AND ANALYZE FINANCIAL STATEMENTS

RECORDED FRIDAY, JULY 25, 2014

Featuring, Douglas R. Smith, CPA
 

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