Accounting & Financial Statements for Lawyers
Minneapolis, MN - Approved for 7.0
| Date: | December 17, 2010 |
| Time: | 9:00 a.m. - 5:00 p.m. |
| Location: | The Depot Minneapolis ~ A Renaissance Hotel |
| Tuition: | $399 (until December 3, 2010) $449 (after December 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? |
Reuben Advani
Former Investment Banker, Author, Professor
Reuben Advani is president of Telestrat Consulting, Inc., a financial advisory boutique which
specializes in corporate valuation. Mr. Advani began his career with the Wall Street bank, Morgan Stanley & Co., Inc. where he worked in the firm’s corporate finance division. At Morgan Stanley, he performed detailed valuation analysis on acquisition targets for Fortune 500 companies and oversaw the coordination of several debt and equity issuances. After Morgan Stanley, Mr. Advani joined Sony Corporation of America where he was active in the development of Sony's online initiatives. Mr. Advani has provided consulting services to companies throughout the U.S. and Latin America and has held interim positions with several of them including CFO and COO. He is a frequent speaker on topics ranging from corporate valuation to financial reporting and is the author of The Wall Street MBA (McGraw-Hill).
Mr. Advani holds a BA from Yale University and an MBA from the Wharton School, and serves as an adjunct professor of finance at Drexel University.
The Depot Minneapolis ~ A Renaissance Hotel
225 3rd Ave S
Minneapolis, MN 55401
(612) 375-1700
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The Financial Training You Need
without having to become an expert
For nearly a decade, Telestrat has brought the world of finance and accounting to professionals and students worldwide.
The Telestrat Method
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- Use real-world examples to clarify relevant concepts
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