BEGIN:VCALENDAR
VERSION:2.0
METHOD:PUBLISH
BEGIN:VEVENT
DTSTART:20121102T133000Z
DTEND:20121102T214500Z
DTSTAMP:20121001T202500Z
UID:jeff.manning@scbar.org
CREATED:20121001T202500Z
DESCRIPTION:How to Understand and Analyze Financial Statements for Lawyers\n\nfeaturing Douglas R. Smith, CPA\n\npresented by\n\nThe South Carolina Bar-Continuing Legal Education Division\n \nLive at the\nPawleys Island Golf & Country Club\n70 Tanglewood Dr.\nPawleys Island, SC\n \n \nAbout the Seminar \nThis program qualifies for 6.0 MCLE credit hours.\n\n\n\n \nThis six-hour course is designed for lawyers with little to no accounting background, and also to provide a “big picture” to those with more sophisticated financial knowledge that is narrowly focused on a particular type of law. The seminar begins with the basic concepts underlying financial reporting. These are the principles that a lawyer must grasp in order to understand a financial statement, formulate effective inquiries and communicate effectively with business and financial people. This section prepares lawyers with limited accounting and financial background to comprehend topics covered later in the day. Participants will then see how analytical procedures are applied to financial reports, emphasizing quick techniques to isolate items needing further investigation, such as leverage, efficiency and changes in profitability. This includes recognizing the type of situations where risk of deception is greatest and how to spot warning signs. This is critical in the discovery process as well as in more informal situations. \n\nTake your career to the next level and register today! \n\n\nProgram Agenda\n\n\n\n\n\n\n8:30 a.m.         Registration \n \n9 a.m.              Basic Concepts Underlying Financial Reporting \n\n    Generally accepted accounting principles (GAAP) and non-GAAP accounting \n    Levels of assurance provided in a financial statement \n    Net income v. cash flow\n    Depreciable assets\n    Capitalizing v. expensing \n    Inventory \n    Other fundamental concepts\n\n10:30 a.m.       Morning break \n \n10:45 a.m.       Overview of Financial Statements \n\n\n    Accountants’ report \n    Balance sheet \n    Income statement \n    Statement of cash flows \n    Notes to the financial statement \n\n12:15 p.m.       Lunch (on your own) \n \n1:30 p.m.         Understanding and Analyzing Financial Statements \n\n     Short-term liquidity \n    Long-term solvency and planning \n    Profitability \n    Return on investment \n    Commonly used ratios \n\n3 p.m.              Afternoon break \n \n3:15 p.m.         Common Manipulative Techniques \n\n    How a financial statement can follow the rules and still be deceptive \n    Circumstances where you are most at risk of being misled \n    Tactics to protect yourself, clients and your firm \n\n4:45 p.m.         Adjourn\n 
LOCATION:Pawleys Island Golf & Country Club
SEQUENCE:0
STATUS:CONFIRMED
SUMMARY:Seminar: How to Understand and Analyze Financial Statements for Lawyers 
TRANSP:TRANSPARENT
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