Understanding Accounting: Financial Literacy for Lawyers

Course ID CN190311_PSK1

  • Face to Face
  • 4.25
  • Intermediate
  • 4 CPD POINTS

Lawyers have an opportunity to become even more valuable to their organisations and clients

This workshop is for lawyers who wish to develop their knowledge of accounting, financial performance, interpretation and analysis of institutional accounting records.

By attending this workshop you will improve your understanding of accounting concepts to confidently provide more commercially relevant advice to your clients.

By attending this workshop you will:

  • Understand the application of accounting principles in practice
  • Learn how to analyse the elements of the balance sheet and profit and loss accounts
  • Learn the accounting ratios used to assess financial results and gauge performance
  • Gain forensic analysis tools to identify manipulation of accounts
  • Increase your confidence and add greater value to financial matter discussions

Your workshop facilitator

Professor Robert Deutsch, Senior Tax Counsel, TAX Institute

Bob has experience as a solicitor with a major national law firm, as a Barrister and as a director with a major accounting firm and as an Academic Author of Tax publications including “Accounting for Non Accountants” written with Cris Chickarovski.

50% discount for New Lawyers

New Lawyers in their first three years of practice are eligible for a 50% discount off the full price of this program. This discount cannot be claimed in conjunction with any other discounts, including the alumni/Law Society member discount. Please quote NEWLAWYER at the checkout.

Please scroll down for the full workshop agenda.

Price

Full Price $480.00

Alumni/Member Price $432.00

Dates

Start date:

11 March 2019

End date:

11 March 2019

Time:

8.45am - 1pm

Location:

The College of Law
Level 16, St James Centre
111 Elizabeth Street
Sydney NSW 2000

About This Course

Overview

Program Structure

Application of Accounting - Standards
Application of Rules and their Interpretation by courts and ATO
Four Key Accounting Statements

 

Program content includes

Elements of the Balance Sheet

  • Assets
  • Liabilities
  • Equity
  • True and Fair Value
  • Materiality

 

Profit and Loss Accounts

  • Types of profit
    1. gross operating
    2. net
    3. EBIT/ EBITDA
  • Revenue items
  • Expense items

 

Financial Ratio Analysis / Financial Covenants Analysis

  • Liquidity, Insolvency
  • Profitability Ratios
  • Lenders use of Financial Covenant Ratios

 

Manipulation of Accounts

  • Spotting problems
  • Earning Manipulation
  • Examination of Expenses and Liabilities

 

 

Designed for

This workshop is ideal for any Commercial Lawyer, Corporate Lawyer, Estates or Family Lawyer – for the beginner or as a refresher. This course complies with the mandatory requirements of Professional Skills, and Practice Management and Business Skills.

 

 

Presenter biography

Professor Robert Deutsch , Senior Tax Counsel, TAX Institute

Formerly Director ATAX, UNSW, and Director of KPMG

Bob has experience as a solicitor with a major national law firm, as a Barrister and as a director with a major accounting firm and as an Academic Author of Tax publications including “Accounting for Non Accountants” written with Cris Chickarovski.

 

Filming and photography

Please be aware that video/audio recording may occur at professional development events organised by the College of Law for use on our website, marketing materials and publications. By attending and participating in a College of Law Continuing Professional Development course, you consent to the College of Law photographing or recording and using your image and likeness.

 

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