Analyzing a Client's Balance Sheet for Legal Purposes
1 hour 30 minutes
Gain an understanding of the content, purpose, and importance of various financial reports.
Attorneys representing business, finance, and contractual relationships for commercial clients increasingly need to understand the various financial reports their respective clients produce and share with third parties. Increased familiarity with basic financial reporting is valuable in discussing business and legal options available to clients when doing business in commercial transactions. This topic will break down the elements of balance sheets and other financial reports; will identify the various third parties with whom clients often need to share financial reports and how you can protect a client in the preparation and sharing of such materials; and offers tips and tools for the negotiation of what reports a client can and will provide to third parties for the protection of the client. You will gain an appreciation for the importance of various aspects of financial reports and the differences between such reports and will become more familiar with the issues to be discussed with a client and negotiated with a third party.