The basic concepts underlying financial reporting are explained. These principles enable lawyers to use a financial statement, communicate effectively on financial matters and ask productive questions. This program is good for those with little to no accounting background, and for the more advanced it provides updates, insight and is a good refresher. You will learn what do first when viewing a financial statement, and how to recognize the limitations of a report.
This is an introduction to some of the most widely employed and useful financial analysis techniques. You will learn quick and easy-to-apply tools and concepts that make a financial report talk to you. Is an entity likely to have problems meeting its financial obligations? Is it financially stable? Is reported past profit likely to be repeated? How well is it managed? These are the type questions you can begin to answer with the specific techniques presented in this course.
his course introduces you to the accounting methods you are most likely to encounter in law practice that can be used to affect reported results. You will learn what to look for, and be better able to ask the right questions. You will discover the tip-offs that alert the financial statement user to a problem. Deceptive financial reporting can range from “fudging” in small dollar amounts to outright fraud. The devices used to carry this out usually fall into one of a very few categories.