ÿþ<title>Understanding and Analyzing Financial Statements - Schedule and Faculty</title> <table border="0" width="100%" cellspacing="8" cellpadding="0" id="table1"> <tr> <td align="left" valign="top" colspan="2"> <p style="margin-top: 0; margin-bottom: 6px"> <font face="Arial" color="#CC6633" size="4"> Schedule and Faculty</font></p> <p style="margin-top: 0; margin-bottom: 32px"> <i> <font face="Arial" size="2">Schedule times listed below are for the live seminar. Times for replays may differ due to varied start times and abbreviated lunch and break periods. Please refer to the </font></i><b> <font face="Arial" style="font-size: 9pt">DATES/LOCATION</font></b><i><font face="Arial" size="2"> tab for individual replay start times.</font></i></p> <p style="margin-top: 0; margin-bottom: 6px"><font face="Arial" size="2"><b>presented by Douglas R. Smith, CPA </b></font></p> <p style="margin-top: 0; margin-bottom: 32px"> <font face="Arial" size="2">Doug Smith has taught accounting subjects to attorneys and non-financial managers for nearly twenty years. Lawyers who have attended his seminars applaud his ability to teach the principles of accounting and financial statements in easy-to-understand language and concepts. Mr. Smith also provides private training, consulting services to law firms, and expert testimony on accounting matters.</font></p> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">8:30  9:00 a.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">CHECK-IN &amp; CONTINENTAL BREAKFAST</font></p> </blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">9:00  10:30 a.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"><b> <font face="Arial" size="2">Basic Concepts of Accounting</font></b></p> <ul> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Generally Accepted Accounting Principles (GAAP) and non-GAAP reporting</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Levels of assurance provided by CPA-prepared financial statements</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Net income vs. cash flow</font></p> </li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Depreciable assets</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Capitalizing vs. expensing</font></p> </li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Inventory</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Other fundamental concepts</font></p> </li> </ul> </blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">10:30  10:45 a.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">BREAK</font></p> </blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">10:45  12:15 p.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"><b> <font face="Arial" size="2">Overview of Financial Statements</font></b></p> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Elements of and keys to:</font></p> <ul> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Balance sheets</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Income statements</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Statements of cash flow</font></p> </li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Notes to the financial statements</font></p> </li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Accountants reports</font></p></li> </ul> </blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">12:15  1:15 p.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">LUNCH (on your own)</font></p> </blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">1:15  2:45 p.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"><b> <font face="Arial" size="2">Understanding and Analyzing Financial Statements</font></b></p> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Important issues and considerations, including:</font></p> <ul> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Short-term liquidity</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Long-term solvency</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Return on investment</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Profitability and earnings</font></p> </li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Financial forecasts</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Commonly used ratios and more</font></p> </li> </ul> </blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">2:45  3:00 p.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">BREAK</font></p> </blockquote> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">3:00  4:30 p.m.</font></p> <blockquote> <p style="margin-top: 0; margin-bottom: 3px"><b> <font face="Arial" size="2">Common Manipulations and Special Reporting Issues</font></b></p> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Common types of misleading practices  how to discern them and what your options are.</font></p> <ul> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">How a financial statement can follow the rules and still be misleading</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">How to ask the right questions to avoid being misled</font></p></li> <li> <p style="margin-top: 0; margin-bottom: 3px"> <font face="Arial" size="2">Trouble spots and signs to avoid reliance on financial reports</font></li> </ul> </blockquote> </td> </tr> <tr> <td align="left" valign="top">&nbsp;</td> <td align="left" valign="top" width="100%"> &nbsp;</td> </tr> </table>