6562 Basic Accounting for Lawyers
Price: $ 119.00 (USD)
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You will receive 1.0 credit (CE) upon completion of this course.
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Course Description
Lawyers are expected to be experts in many areas. Unfortunately, the duty of learning the law sometimes makes it difficult to learn other important skills, like proper accounting practices. Basic Accounting for Lawyers offers a beginners take on accounting basics such as balance sheets, income statements, and financial analysis.
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Course Outline
Basic Accounting for Lawyers
I. Goals
II. Balance Sheets and Income Statements
A. Accounting Equation
1. Assets
a. Cash
b. Inventory
c. Accounts Receivable
d. Prepaid Expense
e. Property, Plant and Equipment
f. Goodwill
g. Example: AOL-Time Warner
2. Liabilities
a. Accounts and Notes Payable
b. Bonds Payable
c. Accrued Items
3. Shareholders’ Equity
a. Common Stock
b. Common Stock, Continued
c. Treasury Stock
d. Retained Earnings
B. Book Value
C. The Baron Coburg Case
1. Overview
2. Beginning Balance Sheets
3. Ending Balance Sheets
a. Fred’s Ending Balance
b. Ivan’s Ending Balance
4. Income Statements
a. Fred’s Income
b. Ivan’s Income
5. Who’s the Better Farmer?
6. Who’s the Better Farmer? (Continued)
D. Evaluating Companies
E. Financial Statement Relationships
F. Financial Statement Ratios
G. Primary Financial Objectives
H. Cash Flow
1. Cash Flow Statements
2. Cash Flow Example (1)
3. Cash Flow Example (2)
4. Cash Flow Example (3)
I. Return on Equity
J. Return on Equity, Continued
III. Annual Reports
A. Financial Statements
B. Dell’s Balance Sheet
C. Southwest Airlines’ Revenue Statement
D. Southwest Airlines’ Cash Flow
E. Cash Flow Statement on Investing Activities
F. Microsoft and Idex
AfterWords®
How to Obtain a Certificate
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I. Goals
II. Balance Sheets and Income Statements
A. Accounting Equation
1. Assets
a. Cash
b. Inventory
c. Accounts Receivable
d. Prepaid Expense
e. Property, Plant and Equipment
f. Goodwill
g. Example: AOL-Time Warner
2. Liabilities
a. Accounts and Notes Payable
b. Bonds Payable
c. Accrued Items
3. Shareholders’ Equity
a. Common Stock
b. Common Stock, Continued
c. Treasury Stock
d. Retained Earnings
B. Book Value
C. The Baron Coburg Case
1. Overview
2. Beginning Balance Sheets
3. Ending Balance Sheets
a. Fred’s Ending Balance
b. Ivan’s Ending Balance
4. Income Statements
a. Fred’s Income
b. Ivan’s Income
5. Who’s the Better Farmer?
6. Who’s the Better Farmer? (Continued)
D. Evaluating Companies
E. Financial Statement Relationships
F. Financial Statement Ratios
G. Primary Financial Objectives
H. Cash Flow
1. Cash Flow Statements
2. Cash Flow Example (1)
3. Cash Flow Example (2)
4. Cash Flow Example (3)
I. Return on Equity
J. Return on Equity, Continued
III. Annual Reports
A. Financial Statements
B. Dell’s Balance Sheet
C. Southwest Airlines’ Revenue Statement
D. Southwest Airlines’ Cash Flow
E. Cash Flow Statement on Investing Activities
F. Microsoft and Idex
AfterWords®
How to Obtain a Certificate
More Information
| Language | English |
| Course Length | 2.02 hours |
| Duration of Access | for 3 months from day of enrollment |
| Continuing Education Credits | 1.0 |
| Instructor | C. Hennessey |
| Vendor | SmartPros Legal & Ethics, Ltd. (Read more about SmartPros Legal & Ethics, Ltd. accreditation.) |
| Course Certification | CLE credit available, see details for each course for states where available |
| Prerequisites/Audience | intended for attorneys and law students |
| Requirements/Materials Included | computer with Internet access |
Price: $ 119.00 (USD)
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