Seminar  Seminar

How to Read Financial Statements 2014

Why you should attend

Financial statements provide information on the financial performance of companies and are the language of business. Attorneys are often required to understand financial statements in order to provide solutions to their clients’ problems, including structuring financial transactions and litigating business disputes.

At this practical half-day event, a distinguished panel of experts will provide a primer for understanding balance sheets, income statements, and cash flow statements. 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

  • Understand how to read, understand, and analyze balance sheets, income statements, and cash flow statements
  • Evaluate important financial ratios
  • Learn how to calculate EBITDA and free cash flow
  • Analyze financial metrics and qualitative factors that can be potential warning signs, indicative of a need for more in depth investigations
  • Summarize how financial statement data is used to value companies
  • Explore EBITDA and P/E multiples

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.

9:00 Opening Remarks and Introduction
Speakers: Chad Rucker

9:15 A Detailed Examination of Financial Statements and Financial Ratios

A. Understanding Financial Statements

  • Line item analysis of the Income Statement, Balance Statement and Cash Flow Statement
  • Analysis of the interaction between financial statements
  • Revenue recognition, lease accounting, and other significant accounting policies that impact financial statements
  • Working capital elements and their impact on financial statements

B. Financial Ratios Unraveled

  • Balance sheet, income statement and cash flow metrics and ratio analyses (including gross margin, EBITDA and EBIT)
  • Distinguishing free cash flow from EBITDA
  • Returns on invested capital (ROI) and book capital
  • Comparing financial ratios from companies in different industries as well as between companies engaging in M&A transactions
Speakers: Chad Rucker, Carol A. Stacey, MSA, CPA, George M. Wilson, MBA, CPA

11:00 Networking Break

11:15 Financial Statements in Legal Practice
  • Public vs. private company financial statement considerations
  • 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
Speakers: Ann Makich, Breon S. Peace, Chad Rucker, Carol A. Stacey, MSA, CPA, George M. Wilson, MBA, CPA

Program Attorney(s)
Danielle B. Cohen ~ Program Attorney, Practising Law Institute

New York City Seminar Location

PLI New York Center
, 1177 Avenue of the Americas, (2nd floor), entrance on 45th Street, New York, New York 10036. Message Center, program days only: (212) 824-5733.

New York City Hotel Accommodations

Crowne Plaza Times Square Manhattan, 1605 Broadway (at 48th Street), New York, NY 10019 (212) 977-4000. When calling, mention Practising Law Institute. You can also make reservations online to access PLI's rates.

The Muse, 130 West 46th Street, New York, NY 10036.  Please call reservations at 1-800-546-7866. When calling, please mention Practising Law Institute.  You can also book online at

Millennium Broadway Hotel, 145 West 44th Street, New York, NY 10036. Please call reservations at 1-800-622-5569.  When calling, please mention Practising Law Institute.  You can also book online at

Hyatt Times Square, 135 W. 45th Street, New York, NY 10036. For reservations, please call (646) 364-1234. When calling mention rate code CR56218 or Practising Law Institute.

PLI seminars qualify for credit in all states that require mandatory continuing legal education for attorneys. Please be sure to check with your state.

Please check the Credit Information box to the right of each product description for credit 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. PLI programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

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.

Item# 51790
Location:  New York, NY
We are sorry, but this program is no longer available for purchase online. For more information please call our Customer Service Department at (800) 260-4PLI.

Seminar attendance includes course handbook and associated course materials. A downloadable course handbook will also be available several days prior to the program start for your review.