The income statement shows whether and how a company made or lost money over an accounting period. This course describes the income statement and the common classifications of revenue and expenses you’ll see on it. It also explains different measures of profitability such as net income, EBIT and EBITDA.
Cash flow is fundamental to a company’s ability to stay in business. This course explains cash flow statements and how they’re used to track cash from a company’s operating, investing and financing activities.
Lawyers often want to look for financial information about a company, whether it’s to better understand a client’s business, to learn about the other side in a transaction or litigation, or for business development purposes. This course provides some tips on where to look.
The main difference between cash accounting and accrual accounting is how revenue and expenses are recognized. This course briefly explains these accounting methods and describes how revenue and expenses are recognized in accrual accounting.
Valuation is one of the most fundamental concepts in corporate finance. This course describes the different measures of a company’s value, and the various techniques used to value businesses and their assets.
An audit is the primary mechanism for providing confidence in the reliability of a company’s financial statements. This course explains the audit process, audit opinions and how audited financial statements are put together.
The key financial concepts in litigation practice, including how financial statements are used by litigators, which bookkeeping records might be included in a document request, the roles of financial experts and fact witnesses, and the basis of calculations for damages or settlements.