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. Alabama

    Category:
    General
    Credit hours:
    1.1
    Status:
    Applied For
  2. Alaska

    Category:
    General
    Credit hours:
    1.1
    Status:
    Available for Credit
  3. Arizona

    Category:
    General
    Credit hours:
    1.25
    Status:
    Available for Credit
  4. Arkansas

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  5. California

    Category:
    General
    Credit hours:
    1.25
    Status:
    Approved
  6. Colorado

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  7. Connecticut

    Category:
    General
    Credit hours:
    1.0
    Status:
    Available for Credit
  8. District of Columbia

    Category:
    General
    Credit hours:
    1.1
    Status:
    Non-MCLE
  9. Georgia

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  10. Hawaii

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  11. Idaho

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  12. Illinois

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  13. Iowa

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  14. Louisiana

    Category:
    General
    Credit hours:
    1.15
    Status:
    Approved
  15. Maine

    Category:
    General
    Credit hours:
    1.25
    Status:
    Approved
  16. Maryland

    Category:
    General
    Credit hours:
    1.1
    Status:
    Non-MCLE
  17. Massachusetts

    Category:
    General
    Credit hours:
    1.1
    Status:
    Non-MCLE
  18. Michigan

    Category:
    General
    Credit hours:
    1.3
    Status:
    Non-MCLE
  19. Minnesota

    Category:
    General
    Credit hours:
    1.0
    Status:
    Applied For
  20. Mississippi

    Category:
    General
    Credit hours:
    1.2
    Status:
    Approved
  21. Missouri

    Category:
    General
    Credit hours:
    1.3
    Status:
    Available for Credit
  22. Montana

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  23. Nebraska

    Category:
    General
    Credit hours:
    1.25
    Status:
    Approved
  24. New Hampshire

    Category:
    General
    Credit hours:
    1.15
    Status:
    Available for Credit
  25. New Jersey

    Category:
    General
    Credit hours:
    1.3
    Status:
    Reciprocity
  26. New Mexico

    Category:
    General
    Credit hours:
    1.1
    Status:
    Approved
  27. New York

    Category:
    Areas of Professional Practice
    Credit hours:
    1.0
    Status:
    Approved
  28. North Carolina

    Category:
    General
    Credit hours:
    1.0
    Status:
    Applied For
  29. Ohio

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  30. Oklahoma

    Category:
    General
    Credit hours:
    1.5
    Status:
    Approved
  31. Pennsylvania

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  32. Rhode Island

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  33. South Dakota

    Category:
    General
    Credit hours:
    1.1
    Status:
    Non-MCLE
  34. Utah

    Category:
    General
    Credit hours:
    1.0
    Status:
    Applied For
  35. Vermont

    Category:
    General
    Credit hours:
    1.25
    Status:
    Approved
  36. Washington

    Category:
    Law & Legal Procedure
    Credit hours:
    1.25
    Status:
    Approved
  37. West Virginia

    Category:
    General
    Credit hours:
    1.38
    Status:
    Approved
  38. Wyoming

    Category:
    General
    Credit hours:
    1.25
    Status:
    Approved
Start Track
  1. still frame from The Main Financial Statements Preview

    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 Assets Preview

    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 The Income Statement Preview

    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 Structure and the Direct and Indirect Methods Preview

    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 How the Statement Works Preview

    Statements of Shareholders’ Equity

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