On-Demand: Financial Statements

Analyzing financial statements has been a role traditionally assumed by investment bankers and accountants. However, with accounting scandals threatening to erode confidence in corporate America, lawyers are taking on a prominent role in preparing and analyzing financial statements. From financial statement reporting to detecting fraud, this course is designed to give lawyers an overview of accounting techniques, their relevance and problems associated with each.


Balance Sheet 

  • Assets
  • Liabilities
  • Owner’s equity
  • Sample balance sheet
  • Capital formation options

Income Statement 

  • Elements explained
  • Recognizing revenue
  • Tracking expenses
  • FIFO vs. LIFO
  • Links between income statement & balance sheet
  • Currency swaps

CASH FLOW STATEMENT

  • Sample cash flow statement
  • Shortfalls of cash flow
  • Free cash flow