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 & Financial Statements for Lawyers

New York, NY - Approved for 7.5

Date:October 28, 2008
Time:9:00 a.m. - 5:00 p.m.
Location:Courtyard New York Manhattan/Midtown East
Tuition:$449 (until October 14, 2008)
$499 (after October 14, 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.

9:00 a.m. - 10:00 a.m.
Accounting Basics
Double Entry Accounting, Cash vs. Accrual, GAAP, Financial Statements
10:00 a.m. - 10:45 a.m.
Balance Sheet
Assets, Liabilities, Owner's Equity, Sample Balance Sheet, Capital Formation Options
10:45 a.m. - 11:30 a.m.
Income Statement
Elements 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 Statement
Sample 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 Analysis
Activity 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 Manipulation
What 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-Oxley
General Facts, Accounting Oversight Board Duties, How does this affect Lawyers?

Max Minkoff

Corporate Executive, Business Professor

Max Minkoff is Chief Operating Officer of Telestrat Consulting, Inc., a financial advisory boutique which specializes in corporate valuation. Mr. Minkoff began his career with Rohm and Haas Company and has since served as CEO, COO, CFO, and CTO at a variety of emerging growth companies, beginning with VictorMaxx Technologies, a Virtual Reality consumer product company that he helped take public in 1995. Mr. Minkoff also started and worked with several other successful companies, including ShotTower LLC, a private-label foods manufacturer, Blogarithm, a popular Internet service for blog readers, and DocuVault Delaware Valley, a fast-growing records archive and destruction service.

Mr. Minkoff has taught university courses in business management and holds an MBA from The Wharton School at the University of Pennsylvania.

Dave Shuster

Tax Partner, Hogan & Hartson LLP

Dave Shuster is a tax partner at Hogan & Hartson LLP, an international law firm. His practice focuses on advising and representing clients in their controversies with the IRS and state taxing authorities at all levels (audit, administrative appeals, mediation, court litigation). He also counsels corporations, partnerships, private foundations, public charities, and individuals in federal and state tax planning and compliance. Prior to Hogan, Mr. Shuster began his legal career at the United States Department of Justice, where he was appellate counsel to the government in a wide variety of federal tax cases. There he briefed and orally argued cases in nearly all of the federal circuit courts of appeals. He also advised and assisted the Solicitor General's office in its Supreme Court litigation.

Mr. Shuster holds a JD and an LLM from the New York University School of Law, and a BSEE from the University of Michigan.

Courtyard New York Manhattan/Midtown East
866 Third Ave. (between 53rd and 52nd)
New York City, NY 10022
212.644.1300

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Bundle Package

Attend this educational seminar and receive two additional items at one incredible price.

Only $99.00 + Registration Fee, a savings of over 50% off the book and CD-ROM!