Financial statements provide great insight into the financial activities of a corporation. For some corporations, these statements may be complex and can require extensive review. Attorneys are often involved in negotiating, structuring, or litigating matters where understanding a corporation’s financial statements is an essential element of the overall engagement.
In this practical program, a distinguished panel of experts will provide a primer for understanding and interpreting the three primary financial statements: balance sheet, income statement, and cash flow statement. Among other things, the panelists will discuss key elements that all attorneys should be aware of when encountering these financial statements in the course of common corporate transactions and in litigation.
Lecture Topics [Total time 03:11:26]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Opening Remarks and Introduction * [00:00:44]
Chad Rucker
- Understanding Financial Statements and Ratios [01:52:49]
Chad Rucker, Ann Makich, Gopal M. Burgher, Jonathan S. Kolodner
- Financial Statements in Legal Practice [01:17:53]
Chad Rucker, Gopal M. Burgher, Ann Makich, Jonathan S. Kolodner
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- U.S. Securities and Exchange Commission, Beginners' Guide to Financial Statements (Feb. 5, 2007)
Chad Rucker
- Overview Outline
Chad Rucker
- Sample Profile and Financial Statements: ABC, Inc.
Sean Windsor
- Financial Statements: Ethan Allen Interiors Inc.
Chad Rucker
- Considerations in Financial Measures that Appear in Contracts
Ann Makich
- Summary of Financial Statements
Ann Makich
- Form 10-K: Ethan Allen Interiors Inc.
Chad Rucker
- Sample Accounting Due Diligence Questions
Ann Makich
- United States SEC, Office of the Chief Accountant, Office of Economic Analysis, Division of Corporation Finance, Report and Recommendations Pursuant to Section 401(c) of the Sarbanes-Oxley Act of 2002 on Arrangements with. . .
Chad Rucker
- U.S. Securities and Exchange Commission, Office of the Chief Accountant, Work Plan for the Consideration of Incorporating International Financial Reporting Standards Into the Financial Reporting System for U.S. Issuers, Final Staff Report, July 13, 2012
Chad Rucker
- Financial Statements in Legal Practice: Enforcement and Litigation Implications and Recent Cases
Breon S. Peace, Jonathan S. Kolodner
- Glossary
Ann Makich
- Index to How to Read Financial Statements 2013
Presentation Material
- Slides
Chad Rucker
- Handout
Chad Rucker
- Case Study – Spongetech
Chad Rucker
- Slides
Chad Rucker
- Handout
Chad Rucker
- Case Study – Spongetech
Chad Rucker
PLI makes every effort to accredit its On-Demand Web Programs and Segments. Please check the CLE Calculator above for CLE information specific to your state.
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Alabama1, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa2*, Kansas, Kentucky*, Louisiana, Maine*, Mississippi, Missouri3, Montana, Nebraska, Nevada, New Hampshire4, New Jersey, New Mexico5, New York6, North Carolina7, North Dakota, Ohio8, Oklahoma9, Oregon*, Pennsylvania10, Rhode Island11, South Carolina, Tennessee12, Texas, Utah, Vermont, Virginia13, Washington, West Virginia, Wisconsin14 and Wyoming*.
Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.
Minnesota approves live webcasts ONLY
Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. PLI programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.
*PLI will apply for credit upon request. Louisiana and New Hampshire: PLI will apply for credit upon request for audio-only on-demand web programs.
1Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.
2Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.
3Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.
4New Hamphsire: The approval is for three years from recorded date.
5New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.
6New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
7North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.
8Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
9Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.
10Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.
11Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.
12Tennessee: The approval is for the calendar year in which the live program was presented.
13Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
14Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.
Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, call Customer Service (800) 260-4PLI (4754) or e-mail info@pli.edu.