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

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.

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 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?

100% SATISFACTION GUARANTEED

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!