3-Hour Program

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Financial statements provide key information on the financial performance of companies and are the language of business. Attorneys must understand financial statements in order to provide solutions to their clients’ problems, including structuring financial transactions and litigating business disputes. And yet attorneys often don't have any training or familiarity with financial statements and the story they're really telling. This program was created as a fundamental resource for those looking to learn exactly how to read financial statements.

At this practical half-day program, a distinguished panel of experts will provide a primer for understanding the basic elements of balance sheets, income statements, and cash flow statements. Among other things, the panelists will discuss important elements that all attorneys should be aware of when encountering these financial statements in the course of common business transactions and in litigation. This primer will lay the foundation for attendees to pursue more in-depth studies of financial statements.

What You Will Learn

  • Understand how to read, understand, and perform basic analyses of balance sheets, income statements, and cash flow statements
  • Identify key components of the asset, liability, and equity sections of a balance sheet, including current and long term assets, current and long term liabilities, retained earnings, and initial capital contributions
  • Learn how to calculate and interpret EBITDA and free cash flow
  • Evaluate and learn to calculate key financial ratios
  • Analyze financial metrics and qualitative factors that can be potential warning signs, indicative of a need for more in-depth investigations

Special Features

  • Convenient half-day program format
  • NY Transitional attorneys: Earn Skills credit


Program Level: Overview

Intended Audience: Lawyers working with financial information, whether in the course of business transactions, securities filings, or in the context of litigation. Any professional wanting to learn the basics of financial statements will also benefit from this program. 

Prerequisites: None

Advanced Prep: None

Credit Details