Telestrat is a worldwide leader in continuing legal education (CLE) courses. Our Telestrat MBA Seminar Series has brought the world of finance, accounting, and business strategy to lawyers in the U.S., Europe, and Asia.

Accounting Part I: Understanding Financial Statements

To find out more about when and where you can participate in this course, click on a seminar in the "Upcoming Seminars" column on the right. Or, you can find out more information by contacting Telestrat at or by calling 1.877.647.5460.

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, attorneys are taking on a prominent role in preparing and analyzing financial statements. From financial statement reporting to detecting fraud, this Continuing Legal Education (CLE/MCLE) course is designed to give attorneys a two hour overview of accounting techniques, their relevance, and problems associated with each.

Click here to download Chapter 1 of The Wall Street MBA by Telestrat President Reuben Advani

  1. Accounting Basics
    • Double Entry Accounting
    • Cash vs. Accrual Accounting
    • Generally Accepted Accounting Principles (GAAP)
    • Auditor's Report
    • Footnotes
  2. Balance Sheet
    • Uses
    • Components
    • Analysis
    • Links to Income Statement and Cash Flow Statement
  3. Income Statement
    • Uses
    • Components
    • Analysis
    • Links to Balance Sheet and Cash Flow Statement
    • Revenue Recognition
  4. Cash Flow Statement
    • Uses
    • Components
    • Analysis
    • Links to Income Statement and Balance Sheet
    • Optimal Cash Balance

UPCOMING CLE SEMINARS

Accounting Part I: Understanding Financial Statements

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Our CLE seminars will provide you with the education you expect. If for any reason you are dissatisfied, we will arrange for you to attend another one of our seminars for FREE!