Foundations of Finance – A Seminar for Lawyers
Date: Nov 14, 2024 9:00 a.m. – 12:35 p.m.
Location: New Jersey Law Center, New Brunswick, and Online
Member Price: $180.00
Non-Member Price: $225.00
Section Price: $0.00
Areas of Law: For All Attorneys
Earn up to 4 credits! (More Information)
Keynote
Moderator
Presenters
- Joseph Novello, CPA, MBA
- The Financial Training Organization, Metuchen
Clients look to lawyers for advice on many topics, including finance. Whether you represent a spouse in a divorce, an employer or employee in a labor dispute, a nonprofit board member or anyone involved in any kind of business, the ability to understand and analyze financial statements is critical.
Join Joe Novello, a CPA with an MBA in finance, for a seminar to help you to comprehend financial statements and gain a solid understanding of finance. Attendees will learn what to look for on a balance sheet, an income statement, or a statement of cash flow; how to read and understand an auditor’s report; comprehend accounting methodologies and principles; and understand additional concepts. Joe’s easy-to-understand approach will make dealing with a client’s financial matters more manageable.
Program Agenda:
9:00 | Foundations of Modern Accounting
9:10 | Basic Equation of Finance
9:30 | Financial Statements Part One
- Understanding balance sheets
- Understanding income and cash flow statements
10:30 | Break
10:45 | Financial Statements Part Two
- What are notes to financial statements and why they are vital
- Statement of equity and other comprehensive income
- Management Discussion and Analysis (MD&A) – how to interpret this assessment of the financial condition and results of operations of the company and what it means to your client
- Auditor’s report
- Sarbanes Oxley (SOX) certification – what it means to be SOX compliant and the requirements for adhering to the law
12:00 | Accounting Methodologies and Principles
- Difference between accrual and cash basis and how this affects the overall balance sheet
- Overview of other important accounting principles
12:10 | Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
- Explanation of what this means, how it can be a useful measure of how efficiently a company is operating and how it compares to competitors, and some of the reasons to not use this method
- Who is who in financial reporting? An explanation of the people involved.
- A financial exercise – a practical look at a financial statement.
12:35 | Adjourn
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