Lawyers' Use of Financial Statements - 2013

This book is essential for: corporate/commercial lawyers and business litigators at all levels of experience; this book will also be of interest to family law practitioners.

Current to: March 2013

Learn how to make the bottom line work for you!
Every corporate/commercial lawyer and business litigator must be able to understand and use financial statements to serve business clients more effectively. From these materials you will learn about basic accounting concepts such as ratio analysis and valuing the business, the form and content of a public accountant's report, and what financial statements reveal about a company, including its performance and viability. You will also learn what financial statements do not tell you. Whether you are new to this area or need a refresher, you can't afford to be without this popular book!

CONTENTS

• reading and understanding financial statements
• basic financial statement ratio analysis: liquidity, solvency, profitability, and efficiency ratios; key issues
• public accountant reports: notice to reader, review engagement report, auditor's report
• valuing the business: purchase and sale considerations, valuation and liquidation methods, price vs. value; includes a sample valuation for Wholesale Co. Ltd.
• sample financial statement for Wholesale Co. Ltd.