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Track

Financial Statements for Lawyers

An introduction to the four main financial statements for companies: balance sheets, income statements, cash flow statements, and statements of shareholder equity. This track also explains key accounting and financial concepts for understanding the statements.

CLE Available

CLE credit details

  1. Arizona

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    General
    Credit hours:
    1.25
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    Available for Credit
  2. Arkansas

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    General
    Credit hours:
    1.0
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    Approved
  3. California

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    Credit hours:
    1.25
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    Approved
  4. Delaware

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    Credit hours:
    1.0
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    Approved
  5. Florida

    State category:
    General
    Credit hours:
    1.5
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    Approved
  6. Georgia

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    General
    Credit hours:
    1.0
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    Approved
  7. Hawaii

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    Credit hours:
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  8. Idaho

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  9. Illinois

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    1.0
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  10. Iowa

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    1.0
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    Credit hours:
    1.15
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    1.25
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    Approved
  13. Minnesota

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    Credit hours:
    1.0
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    Approved
  14. Mississippi

    State category:
    General
    Credit hours:
    1.2
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    Approved
  15. Missouri

    State category:
    General
    Credit hours:
    1.3
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    Available for Credit
  16. Nebraska

    State category:
    General
    Credit hours:
    1.25
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    Approved
  17. New Jersey

    State category:
    General
    Credit hours:
    1.3
    Status:
    Reciprocity
  18. New Mexico

    State category:
    General
    Credit hours:
    1.1
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    Approved
  19. New York

    State category:
    Areas of Professional Practice
    Credit hours:
    1.0
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    Approved
  20. North Carolina

    State category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  21. Ohio

    State category:
    General
    Credit hours:
    1.0
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    Approved
  22. Oklahoma

    State category:
    General
    Credit hours:
    1.5
    Status:
    Approved
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    State category:
    General
    Credit hours:
    1.25
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    Approved
  24. Pennsylvania

    State category:
    General
    Credit hours:
    1.0
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    Approved
  25. South Carolina

    State category:
    General
    Credit hours:
    1.1
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    Approved
  26. Tennessee

    State category:
    General
    Credit hours:
    1.15
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    Approved
  27. Texas

    State category:
    General
    Credit hours:
    1.0
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    Approved
  28. Utah

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    General
    Credit hours:
    1.0
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    Approved
  29. Virginia

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    General
    Credit hours:
    1.0
    Status:
    Approved
  30. Washington

    State category:
    Law & Legal Procedure
    Credit hours:
    1.25
    Status:
    Approved
  31. West Virginia

    State category:
    General
    Credit hours:
    1.38
    Status:
    Approved
  1. still frame from Introduction to Financial Statements 16 min

    Introduction to Financial Statements

    An introduction to the four main financial statements, with examples of how the statements are affected by different business transactions.

  2. still frame from Balance Sheets 19 min

    Balance Sheets

    An introduction to balance sheets, including an explanation of the balance sheet equation and descriptions of assets, liabilities and shareholders’ equity.

  3. still frame from Income Statements 15 min

    Income Statements

    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.

  4. still frame from Cash Flow Statements 11 min

    Cash Flow Statements

    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.

  5. still frame from Statements of Shareholders’ Equity 5 min

    Statements of Shareholders’ Equity

    A walkthrough of a statement of shareholders’ equity, including what events typically cause changes in the value of shareholders’ equity.