Foundations of Finance – A Seminar for Lawyers

Date: Sep 26, 2024 9:00 a.m. – 12:35 p.m.

Location: New Jersey Law Center, and Online

Member Price: $180

Non-Member Price: $225

Event Code: I153224

Areas of Law: For All Attorneys

Earn up to 4 credits! (More Information)

Faculty

Keynote

Moderator

Presenters

Joseph Novello, CPA, MBA
The Financial Training Organization, Metuchen

Clients look to us for advice on many topics including finance. Whether you represent a spouse in a divorce, an employer or employee in a labor dispute, someone who sits on a not-for-profit board or anyone involved in any kind of business, being able to understand and analyze financial statements is critical.

Join Joe Novello, a CPA with an MBA in Finance, as he presents a seminar that will enable you to comprehend financial statements and gain a solid understanding of finance. You will know  what to look for on a balance sheet, an income statement, or a statement of cash flow, 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 and able to better to represent your clients.

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 and how all of this works
12:35 | Adjourn

CLE Credits
NJ CLE:NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 4 hours of total CLE credit (Full Credits Available: CPE Finance: 4.0, NJ General: 4.0).
NY CLE (t&nt):NY Professional Practice Transitional: 4.0
PA CLE:PA Substantive Credit: 3.0
New: No PACLE fee is required for this program. To earn PA CLE credits, a valid PA Bar ID number must be entered into the CLE form provided after attending the program.

Important Information About Our Events, Meetings, and More:
To secure your spot and receive important updates about our events, meetings, and other gatherings, such as schedule changes, remember to register in advance.

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If you need to cancel your registration and are not transferring to another program or date, please submit a written request to us at least three business days before the event, meeting, or gathering. You will receive a refund minus a $20.00 cancellation fee. No refunds or registration changes will be issued within three business days of the event, meeting, or gathering.

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Registered participants will be notified of any schedule changes. For updates regarding inclement weather, please check your email or visit NJSBA.com.

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Scholarship & Financial Assistance Policy:
Read our Scholarship & Financial Assistance Policy and submit an Application here: https://njsba.com/njicle/cle-programs/scholarship/

 

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