What Lawyers Need to Know about Financial Statements: Understanding How Financial Statements Interacts with Business and Legal Issues

$195.00

CLE Credits earned: 2 GENERAL (or 2 LAW & LEGAL for WA state)

Lawyers often have not taken accounting courses in law school or had intimate exposure to financial statements or what the terms and concepts mean. And even college exposure to accounting courses may not prepare you, as an attorney, to understand financial statements in a legal and business context. Understanding the information reflected on your client’s financial statements and reports will permit you to effectively discuss issues with client management and add value to your advice and guidance. The ability to understand financial statements is crucial for attorneys in all areas of practice serving all types of entities and clients. Please join Daniel Cotter as he covers what lawyers need to know about financial statements, an understanding that will permit you to understand how the financial statement interacts with business and legal issues, interact effectively with management and business units, ask better questions and provide more effective advice. Participants will also understand how the balance sheet, statement of cash flows and income statement interact.

Key topics to be discussed:

•   How to read a financial statement
•   What items on the balance sheet, income statement, and other key financial statements mean
•   How to navigate the narrative contained in public financial statements
•   How numbers can be traced from the various financial statements so that the lawyer can understand forensically how they work

Date / Time: September 11, 2019

•   11:00 am – 1:00 pm Eastern
•   10:00 am – 12:00 pm Central
•   9:00 am – 11:00 am Mountain
•   8:00 am – 10:00 am Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

Select your state to see if this class is approved for CLE credit.

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Original Broadcast Date: September 11, 2019

Daniel Cotter, Esq. is a partner with Howard & Howard in Chicago, IL. Before returning to private practice in 2015, Dan served as the general counsel, vice president & secretary of Fidelity Life Association, a large insurance company based on Chicago. Dan has spent nearly 25 years of his legal career working with the insurance industry, where he has extensive experience handling transactional work, general regulatory and government relationships in multiple jurisdictions, and litigation and oversight, as well as privacy.

In addition to his extensive litigation, regulatory and transactional experience in the insurance industry, Dan’s practice has included work for a broad range of clients in the areas of corporate law, including mergers and acquisitions, corporate organizations, reorganizations, dissolutions and redomestications, corporate governance and compliance and cybersecurity and privacy issues. In addition, Dan has handled a wide array of commercial litigation cases, including insurance defense, complex business disputes and employment matters.

Dan successfully completed the CPA Examination in 1989, and worked as an accountant for 5.5 years, the last three while attending law school at night. He taught a course, Accounting for Lawyers, for several years at The John Marshall Law School.

Accreditation Policy
myLawCLE seeks accreditation for all programs in all states. (Accreditation for paralegals sought thru NALA and NFPA paralegal associations.) Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

    Automatic MCLE Approvals

All myLawCLE CLE programs are accredited automatically either directly or via reciprocity in the following states: AK, AR, CA, CT, FL, HI, ME, MO, MT, ND, NH, NM, NJ, NY, WV, and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)

    Live Video Broadcasts

Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except NV, OH, MS, IN, UT, PA, GA, SC, and LA —these states require in-person attendance to qualify for “Live” CLE credit.

    “Live” Re-Broadcasts

“Live” Re-broadcasts are replays of previous recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NV, OH, MS, IN, UT, PA, GA, SC, and LA]

Reciprocity
Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, HI, CT, FL, ME, MO, MT, ND, NH, NM, VT, NJ, NY, and WV. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

Section I. Background and Why Accounting and Business Acumen Important

Section II. How to read a financial statement

Section III. What the financial statement says about the business

Section IV. What items on the balance sheet, income statement, and other key financial statements mean

Section V. How to navigate the narrative contained in public financial statements

Section VI. How numbers can be traced from the various