Why you should attend
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.
At this practical half-day event, 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.
What you will learn
- How to read, understand, and analyze balance sheets, income statements, and cash flow statements:
- Identify the asset, liability, and equity sections of a balance sheet
- Learn how to calculate EBITDA and free cash flow
- Understand the importance of operating cash flow
- Evaluate key ratio and income metrics, including EBITDA margins and leverage ratios
- Analyze financial metrics and qualitative factors that can be potential warning signs, where more in depth investigations may be required
Who should attend
Any attorney who works with financial information whether in the course of corporate finance transactions, securities transactions, M&A and other corporate transactions, or in the context of litigation, will benefit from this program.
Morning Session: 9:00 a.m. - 12:30 p.m.
9:00 Opening Remarks and Introduction
Chad Rucker
9:15 Understanding Financial Statements and Ratios
- The Income Statement, Balance Statement and Cash Flow Statement unraveled and the interaction between them
- Significant accounting policies that impact the financial statements (i.e. revenue recognition, lease accounting, etc.)
- Balance sheet, income statement and cash flow metrics and ratio analyses (including gross margin, EBITDA and EBIT)
- Distinguishing free cash flow from EBITDA
Chad Rucker
11:00 Networking Break
11:15 Financial Statements In Legal Practice
- Practical application of financial statements in the context of financing transactions
- Restating financial statements: litigation implications and more
- Regulatory enforcement and shareholder litigation involving financial statements
- Public vs. private company financial statement considerations
Gopal M. Burgher, Jonathan S. Kolodner, Ann Makich, Chad Rucker
12:30 Adjourn
New York City Seminar Location
PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York 10019. Message Center, program days only: (212) 824-5733.
New York City Hotel Accommodations
The New York Hilton & Towers1335 Avenue of the Americas, New York, NY 10019. 1 block from PLI Center. Reservations 1-800-HILTONS or, 1-877-NYC-HILT. Please mention that you are booking a room under the Practising Law Institute Corporate rate and the Client File # is 0495741. You can also
make reservations online to access Practising Law Institute rates.
The Warwick New York Hotel, 65 West 54th Street New York, NY 10019. 1 block from PLI Center. Reservations 800-223-4099 or, hotel direct 212-247-2700. Please mention that you are booking a room under the Practising Law Institute Corporate rate. Reservations on line at www.warwickhotelny.com Click reservations in menu bar on left. Select desired dates. In 'Special Rates' drop down window select Corporate Rate. In 'Rate Code' enter PLIN. Click search and select desired room type and rate plan. Or, you may email reservation requests to: res.ny@warwickhotels.com
Sheraton New York Hotel & Towers, 811 7th Avenue, New York, NY 10019, 1-800-325-3535 or (212) 581-1000. When calling, please mention Practising Law Institute and mention SET#311155. You may also book
online.
PLI's live programs are approved in all states that require mandatory continuing legal education for attorneys, except Arizona. Please be sure to check with your state for details.
Please check the CLE Calculator above each product description for CLE information specific to your state.
Special Note: In New York, newly admitted attorneys may receive CLE credit only for attendance at "transitional" programs during their first two years of admission to the Bar. Non-traditional course formats such as on-demand web programs or recorded items, are not acceptable for CLE credit. Experienced attorneys may choose to attend and receive CLE credit for either a transitional course or for one geared to experienced attorneys. All product types, including on-demand web programs and recorded items, are approved for experienced attorneys.
Please note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
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.
Credit will be granted only to the individual on record as the purchaser unless alternative arrangements (prearranged groupcast) are made in advance.