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Understanding Financial Statements: Accounting Essentials for Lawyers

Content Provider
American Law Institute CLE
Product
CLE
Run Time
121 Minutes
Recording Date
12/04/2024
Presenter(s)
Gilbert L. Carey Jr.
Learning Method
On-Demand Training
Practice Area
Legal Skills, Corporate and Business Law
Persona
CLE OnDemand

Price $259.00

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Description

A working understanding of financial statements is critical for lawyers advising clients involved in transactions, disputes, employment, and finance. The ability to understand and analyze financial statements, including the balance sheet, income statement and statement of cash flows, can prove invaluable when navigating the most treacherous issues that can lead to disastrous business arrangements. Learning this language of business can be an indispensable tool to help you better represent your business clients. Acquire the analytical tools and techniques used to analyze financial statements and how to apply this analysis for an increased awareness of a company’s overall financial condition. Join Gilbert L. Carey Jr., JD, CPA, to gain a clear understanding of the four individual financial statements that are prepared for businesses – the balance sheet, income statement, statement of owners’ equity and statement of cash flows – and the importance of the information conveyed in each of these statements. - This high-level webcast covers the following and more: - The ins and outs of standard financial statements - How to read a balance sheet, income statement, and cash flow statement - Overview of Generally Accepted Accounting Principles (GAAP) - What to look for in the notes to financial statements - How to work with accountants and auditors - Using financial statement analysis and financial ratios

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved2.00General12/31/2025
AlaskaApproved2.00GeneralOn-going
ArizonaApproved2.00GeneralOn-going
ArkansasApproved2.00GeneralOn-going
CaliforniaApproved2.00Participatory12/04/2029
ColoradoApproved2.00General12/31/2027
ConnecticutApproved2.00GeneralOn-going
DelawareApproved2.00General12/03/2026
FloridaApproved2.50General09/30/2026
GeorgiaApproved2.00General12/31/2025
HawaiiApproved2.00General12/04/2026
IdahoApproved2.00General12/03/2029
IllinoisApproved2.00General02/06/2027
IndianaApproved2.00General03/09/2026
IowaApproved2.00General12/03/2025
KansasApproved2.00General02/06/2026
KentuckyApproved2.00General06/30/2025
LouisianaApproved2.02General02/06/2026
MaineApproved2.00General03/27/2027
MinnesotaApproved2.00General03/04/2027
MissouriApproved2.40GeneralOn-going
MontanaApproved2.00General12/04/2027
NebraskaApproved2.02General12/03/2026
NevadaApproved2.00General12/31/2028
New HampshireApproved2.00General12/03/2027
New JerseyApproved2.00GeneralOn-going
New MexicoApproved2.00General12/03/2029
New YorkApproved2.00SkillsOn-going
North CarolinaApproved2.00General02/28/2026
North DakotaApproved2.00General12/04/2027
OhioApproved2.00General12/31/2025
OklahomaApproved2.50General03/09/2026
OregonApproved2.00General12/04/2027
PennsylvaniaApproved2.00General02/06/2027
Puerto RicoApproved2.01General03/16/2026
Rhode IslandApproved2.00General06/30/2025
South CarolinaPending State Response0.00
TennesseeApproved2.02General02/06/2026
TexasApproved2.00General02/28/2026
UtahPending State Response0.00
VermontApproved2.00GeneralOn-going
VirginiaApproved2.00General10/31/2025
WashingtonApproved2.00General12/03/2029
West VirginiaApproved2.42GeneralOn-going
WisconsinApproved2.00GeneralOn-going
WyomingApproved2.00General02/06/2026

Speakers