Telestrat is a worldwide leader in continuing legal education (CLE) courses. Our Telestrat MBA Seminar Series has brought the world of finance, accounting, and business strategy to lawyers in the U.S., Europe, and Asia.

Accounting & Financial Statements

Please find a list of upcoming dates and locations for this course on the list to the right.

You can find out more information by contacting Telestrat at or by calling 1.877.647.5460.

Understanding financial statements and their relevance to various types of business is becoming increasingly important in the aftermath of numerous accounting scandals. Management can no longer rely on the opinions of finance and accounting professionals and therefore must have a basic understanding of accounting. Additionally, managers face new liabilities in accounting matters since the passage of the Sarbanes-Oxley Act of 2002. This course is designed to give attendees a one-day overview of accounting techniques, their relevance, and problems associated with each.

Click here to download Chapter 1 of The Wall Street MBA by Telestrat President Reuben Advani

9:00 a.m. - 10:00 a.m.
Accounting Basics
Double Entry Accounting, Cash vs. Accrual, GAAP, Financial Statements
10:00 a.m. - 10:45 a.m.
Balance Sheet
Assets, Liabilities, Owner's Equity, Sample Balance Sheet, Capital Formation Options
10:45 a.m. - 11:30 a.m.
Income Statement
Elements Explained, Recognizing Revenue, Tracking Expenses, FIFO vs. LIFO, Links Between Income Statement & Balance Sheet, Depreciation
11:30 a.m. - 12:00 p.m.
Cash Flow Statement
Sample Cash Flow Statement, Shortfalls of Cash Flow, Free Cash Flow
12:00 p.m. - 1:00 p.m.
Lunch (on your own)
1:00 p.m. - 3:00 p.m.
Financial Statement Analysis
Activity Analysis, Liquidity Analysis, Profitability Analysis, Market Analysis, Book Value vs. Market Value, Earnings Per Share, Basic vs. Diluted Earnings
3:00 p.m. - 4:00 p.m.
Fraud and Manipulation
What is Fraud?, Types of Fraud, Off-Balance Sheet Entities, Case Study:  Enron, Profit Smoothing, Footnotes – Spotting the Red Flags
4:00 p.m. - 5:00 p.m.
Sarbanes-Oxley
General Facts, Accounting Oversight Board Duties, How does this affect Lawyers?

The Financial Training You Need

without having to become an expert

For nearly a decade, Telestrat has brought the world of finance and accounting to professionals and students worldwide.

The Telestrat Method
  • Distill complex business concepts down to their most salient parts
  • Use real-world examples to clarify relevant concepts
Telestrat Speakers
  • All Telestrat speakers are distinguished professionals
  • Each speaker possesses the unique ability to present complex subject matter in an engaging manner
Many Seminar Options

100% SATISFACTION GUARANTEED

Our seminars will provide you with the education you expect. If for any reason you are dissatisfied, we will arrange for you to attend another one of our seminars for FREE!