Accounting & Financial Statements for Lawyers
Chicago, IL - Previously Approved for 6.5
This seminar has been postponed until October 26, 2010.
Click here for more information.
| Date: | August 17, 2010 |
| Time: | 9:00 a.m. - 5:00 p.m. |
| Location: | Courtyard Magnificent Mile Downtown |
| Tuition: | $399 (until August 3, 2010) $449 (after August 3, 2010) (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
| 60 minutes |
Accounting BasicsDouble Entry Accounting, Cash vs. Accrual, GAAP, Financial Statements |
| 45 minutes | Balance SheetAssets, Liabilities, Owner's Equity, Sample Balance Sheet, Capital Formation Options |
| 45 minutes | Income StatementElements Explained, Recognizing Revenue, Tracking Expenses, FIFO vs. LIFO, Links Between Income Statement & Balance Sheet, Depreciation |
| 30 minutes | Cash Flow StatementSample Cash Flow Statement, Shortfalls of Cash Flow, Free Cash Flow |
| 60 minutes | Lunch (on your own) |
| 120 minutes | Financial Statement AnalysisActivity Analysis, Liquidity Analysis, Profitability Analysis, Market Analysis, Book Value vs. Market Value, Earnings Per Share, Basic vs. Diluted Earnings |
| 60 minutes | Fraud and ManipulationWhat is Fraud?, Types of Fraud, Off-Balance Sheet Entities, Case Study: Enron, Profit Smoothing, Footnotes – Spotting the Red Flags |
| 60 minutes | Sarbanes-OxleyGeneral 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.
Courtyard Magnificent Mile Downtown
165 East Ontario Street
Chicago, IL 60611
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