Lawyers frequently work with financial statements and other accounting information. Yet for many lawyers working with accounting information is difficult and even intimidating. The purpose of this program is to demystify accounting and provide lawyers with the knowledge and understanding they need to work confidently with accounting information and so they can have informed conversations with and ask informed questions of accountants, other lawyers, and business managers and owners. The program is not technical—it is not intended to teach how to do accounting—but designed to explain how accounting works and its economic consequences. A key theme is for participants to understand the limitations of traditional financial reporting and the misconceptions that many have. On completion, participants will have an understanding of what the numbers on financial statements mean and where they come from. Examples from actual financial statements are used extensively throughout the program to demonstrate the issues discussed.
Method of Evaluation: There will be quizzes within the videos and assignments that the students will be expected to complete from the live virtual sessions. The two assignments will be worth 35% each and the in-video quizzes will be worth 30%