Accounting & Financial Statements for Lawyers
San Francisco, CA - Approved for 6.5, including 1.0 ethics
This seminar has been postponed until October 23, 2008.
Click here for more information.
| Date: | July 15, 2008 |
| Time: | 9:00 a.m. - 5:00 p.m. |
| Location: | Le Meridien |
| Tuition: | $399 (until July 1, 2008) $449 (after July 1, 2008) (Call about special group rates) |
Understanding financial statements and their relevance to various types of business and legal work is becoming increasingly important in the aftermath of numerous accounting scandals. Attorneys can no longer rely on the opinions of finance and accounting professionals and therefore must have a basic understanding of accounting. Additionally, attorneys face new liabilities in accounting matters since the passage of the Sarbanes-Oxley Act of 2002. This Continuing Legal Education (CLE/MCLE) course is designed to give attorneys a one day 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
| 9:00 a.m. - 10:00 a.m. |
Accounting BasicsDouble Entry Accounting, Cash vs. Accrual, GAAP, Financial Statements |
| 10:00 a.m. - 10:45 a.m. | Balance SheetAssets, Liabilities, Owner's Equity, Sample Balance Sheet, Capital Formation Options |
| 10:45 a.m. - 11:30 a.m. | Income StatementElements Explained, Recognizing Revenue, Tracking Expenses, FIFO vs. LIFO, Links Between Income Statement & Balance Sheet, Depreciation |
| 11:30 a.m. - 12:00 p.m. | Cash Flow StatementSample Cash Flow Statement, Shortfalls of Cash Flow, Free Cash Flow |
| 12:00 p.m. - 1:00 p.m. | Lunch (on your own) |
| 1:00 p.m. - 3:00 p.m. | Financial Statement AnalysisActivity Analysis, Liquidity Analysis, Profitability Analysis, Market Analysis, Book Value vs. Market Value, Earnings Per Share, Basic vs. Diluted Earnings |
| 3:00 p.m. - 4:00 p.m. | Fraud and ManipulationWhat is Fraud?, Types of Fraud, Off-Balance Sheet Entities, Case Study: Enron, Profit Smoothing, Footnotes – Spotting the Red Flags |
| 4:00 p.m. - 5:00 p.m. | Sarbanes-OxleyGeneral Facts, Accounting Oversight Board Duties, How does this affect Lawyers? |
Sajjad Jaffer
Software Executive, Former Private Equity Analyst
Based in Silicon Valley, Sajjad has held consulting and operating roles at leading venture backed and publicly traded technology companies including Infosys, Microsoft, Akamai, Trilogy, and Mercatrix. An advisor to Silicon Valley venture capital firms and startups, Sajjad worked with M&T Bank, (a Berkshire Hathaway company) where he orchestrated several acquisition transactions. Sajjad has also worked with the World Bank in Switzerland where he developed a private equity fund focused on investing in mid market companies in Africa.
Sajjad Jaffer graduated from the MBA program at the Wharton School and holds a Bachelor's Degree from Bowdoin College in Computer Science, Government, and Economics.