This program series draws on elements of BARBRI Financial Skills Institute curriculum with each section (six total) presented in parts. It offers lawyers an overview of finance and accounting and relates these concepts to a broad array of practice areas. The course progresses in order of difficulty beginning with basic elements of accounting and concluding with more advance concepts in finance. Each segment, however, can function as a stand-alone with no prerequisite.
Part I: Financial Statements
Analyzing financial statements has been a task traditionally performed 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. Covering the Balance Sheet, Income Statement, and Cash Flow Statement, this course is designed to give lawyers an overview of accounting techniques and their relevance.
Part II: Financial Analysis
The process of analyzing financial statements is involved in virtually every business decision. As corporate managers and bankers rely more on the advice of their inside and outside counsel, it is imperative that a lawyer better recognize basic business decision making tools. This course will allow lawyers to understand different methods of analyzing financial statements, what they are used for, and who uses them.
Part III: Issues in Financial Reporting
In the wake of the massive corporate accounting scandals and the recent financial crisis, the importance of detecting problems in financial reporting has taken on new proportions. No longer reserved exclusively for accountants, financial disclosure is a concern for most lawyers who must be able to detect and report any suspicious of questionable reporting practices. This course is designed to equip lawyers with the basic skills to determine signs of corporate accounting fraud along with guidance on what to do when confronted with such matters.
Part IV: Corporate Finance
With issues related to corporate finance becoming more relevant today than ever, the role a lawyer plays in structuring transactions, negotiating deal terms, and coordinating the underwriting process is becoming increasingly important. This course has been offered across the country and most attendees regard it as “the best course” they have ever attended. Designed for lawyers of all levels, the course provides the basic tools to apply and challenge most aspects of financial management.
Part V: Valuation
Valuation forms the cornerstone of nearly every business transaction. Whether it involves mergers and acquisitions, leveraged buyouts, venture capital, or real estate, a solid understanding of valuation will ensure an equitable transaction. Lawyers play an active role in these transactions but all too often become entrenched in the purely legal aspects of them. This course will help lawyers to better understand the methodology and techniques behind various forms of valuation and in turn, better serve the needs of their clients.
Part VI: Securities
Lawyers play a vital role in capital formation and deal structuring for companies of all sizes. This course is designed to offer lawyers a better understanding of the financial instruments they help structure. Topics covered will include stocks, bonds and derivatives. Additionally, the course will explore these concepts in the context of real cases drawn from recent transactions.
To have this course taught in person at your firm or institution, please contact us to discuss customization, pricing and availability.