Interpreting Financial Reports: Making the Numbers Talk

Schedule and Faculty

presented by Douglas R. Smith

Douglas R. Smith, CPA has taught accounting subjects to attorneys and non-financial managers for twenty years. Lawyers who have attended his seminars appreciate his ability to teach the principles of accounting and financial statements in easy-to-understand language and concepts. Doug Smith also provides private training, consulting services to law firms, and expert testimony on accounting matters.

8:30 – 9:00 a.m.

CHECK-IN & REGISTRATION

9:00 – 11:00 a.m.

Profitability: Discoveries Beyond the Income Statement

  • Accounting profit vs. bona fide profit

  • What version of profit should I use?

  • When should I ignore depreciation expense?

  • Cash flow metrics – their use and limitations

  • M & A shenanigans

  • How to use a break-even analysis

  • Substance of transactions vs. technical adherence to rules

 

Valuation Issues – Financial Assets

  • Pension plans

  • Derivatives

  • Variable Interest Entities

  • Bonds

Valuation Issues – Businesses and Professional Practices

  • Questions to ask a valuator

  • Pitfalls of using "normal" multiples and rules of thumb

  • Considerations regarding capitalization rates and discounted cash flow

 

Special Webcast Option

Tuesday, July 17, 2012
9:00 – 11:00 a.m. (CENTRAL TIME)

This seminar also is available via live webcast direct to your computer. If you cannot attend the live course, you may register here for this presentation via live webcast. By joining the webcast, you will be able to see and hear the presentation, access the materials and PowerPoints, and submit questions for the presenter.