See Credit Details Below
Overview
Why You Should Attend
Pocket MBA is a hallmark program designed to improve your understanding of business strategies, accounting fundamentals, and industry jargon used by auditors, bankers, and investors. Attorneys who may not have had the opportunity to study accounting or financial concepts will find Pocket MBA to be uniquely pragmatic.
Updated to address current topics in finance, an experienced group of accounting professionals, economists, and attorneys will introduce accounting concepts and principles, discuss lessons learned from their experience, and share guidance on the industry. From financial statements to economic concepts in litigation, this two-day program will provide a broad overview of finance and the practical legal considerations that emerge in the business world. Review of current headline events and actual financial reports will provide you the opportunity to immediately apply the lessons learned and broaden your understanding of trending finance issues.
What You Will Learn
After completing this program, participants will be able to:
- Better understand accounting fundamentals and core concepts
- Assess key factors shaping financial reporting
- Navigate financial statements and interpret the stories they tell about the entity
- Gain insight into how economics can be relevant in certain client matters
- Get an introduction to valuations and what goes into evaluating the financial healthy of an entity
Who Should Attend
Attorneys and other professionals who work with, and want to learn more about, financial information and the finance industry.
Special Feature(s): n/a
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Topics
Credit Details
Credit Details For All Jurisdictions For This Program
Jurisdiction | Status | Total | Credit Details |
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Understanding Accounting Fundamentals and Reporting Concepts
Elene Karanicolas, Susan G. Markel, Sandra M. Hanna1:16:22This panel will provide an introduction to accounting concepts and principles. After completing this session, participants will be able to:
- Better understand core accounting and financial reporting concepts, including measurement and valuation issues associated with financial statement components
- Identify the main differences among a financial statement audit, a “review” of financial statements engagement, and a compilation of engagement
- Assess how accounting fundamentals play a role in their practice
Sandra M. Hanna, Elene Karanicolas, Susan Markel
Financial Statements in Practice
Jesse Jensen, Andrew Sotak1:18:26This panel will discuss the purposes of a entity’s financial statements and how they benefit the various users of the financial information. After completing this session, participants will be able to:
- Assess different financial statements, how they correlate with each other, and their usefulness in the analysis of a corporation’s operations:
- Income statement
- Balance sheet
- Statement of cash flows
- Statement of shareholders’ equity
- Identify common differences in financial reporting and accounting between publicly held companies and privately held or smaller companies
- Understand how attorneys use financial statements in litigation and transactional matters
Jesse Jensen, Andrew Sotak
Financial Information Analysis
John Cristiano, Sandra M. Hanna1:13:14This panel will address how financial information is used in business strategies. After completing this session, participants will be able to:
- Properly evaluate common financial metrics such as:
- Earnings before interest, tax, depreciation, and amortization (EBITDA)
- Return on investment (ROI)
- Discounted cash flow (DCF)
- Net present value (NPV)
- Internal rate of return (IRR)
- Discount rate
- Understand why there is an increased focus on non-GAAP metrics
- Assess the effect of financial metrics on capital structure
Skills credit for NY Attorneys
John Cristiano, Sandra M. Hanna
What is it Worth? Valuations
Juan Migone, Sandra M. Hanna1:14:11This panel will introduce the concept of “value” and what to look for in a valuation. After completing this session, participants will be able to:
- Improve their understanding of historical financial analysis
- Identify differing valuation approaches
- Apply valuation methodologies in the context of M&A, fairness opinions, disputes, commercial damages, and debt capacity
Skills credit for NY Attorneys
Sandra M. Hanna, Juan Migone
Bankruptcy and Evaluating the Financial Health of an Entity
Candace M. Arthur, Swapna Deshpande1:14:57This panel will discuss how to identify a company in distress and assess capital structure concerns. After completing this session, participants will be able to:
- Analyze the indicators and causes of financial distress, including solvency, liquidity, and financing
- Evaluate the restructuring process and alternatives, such as Chapter 11 reorganization and assignments for benefit of creditors (ABCs)
- Identify the stakeholders and determine the impact on constituents, such as employers, creditors, and customers
Skills credit for NY Attorneys
Candace Arthur, Swapna Deshpande
Investment Banking Basics: Fundamentals of Capital Structures
Asim Grabowski-Shaikh, Kathleen Lauster1:14:45This panel will discuss common financing alternatives, such as debt, equity, and hybrid offerings. After completing this session, participants will be able to:
- Assess current marketplace developments
- Find the optimal capital structure
- Examine the sources of and options for funding for both private and public markets
- Better understand current trends in the capital markets and M&A activity from an investment banking professional
Asim Grabowski-Shaikh, Kathleen Lauster
Regulatory and Legal Compliance in International Business and Trade
Joanna M. Ritcey, Sandra M. Hanna1:12:35This panel will discuss the common and most prevalent compliance issues encountered by companies today. After completing this session, participants will be able to:
- Gain insight into the prevalent regulatory hurdles in international trade for companies of the day, including conflicting laws and regulatory regimes and their challenges
- Better understand how economic sanctions, export controls, and emerging technologies like AI, and anti-bribery/Foreign Corrupt Practices Act compliance affects current cross-border economic opportunities. What are the emerging issues to be aware of?
- Prioritize compliance resources, including through risk-based approaches
- Learn about the impact that Foreign Direct Investment has on international business and how to comply with regulations enforced by the Committee on Foreign Investment in the United States (CFIUS)
IAPP Privacy credit for Privacy Professionals
CFE Field of Study: Fraud
CCB CEU Credit for Compliance Certification Board Professionals
Sandra M. Hanna, Joanna Ritcey
Economic Concepts in the Litigation Context
Ozgur B. Kan, PhD, LLM, CFA, FRM, Edward N. Moss1:15:32This panel will discuss the practical application of economic concepts in disputes. After completing this session, participants will be able to:
- Better understand how financial experts analyze and evaluate economic data to prove economic damages
- Become familiar with how economics is relevant to certain financial disputes
- Extrapolate lessons from case studies addressing estimating commercial damages using economic tools and quantitative techniques
Skills credit for NY Attorneys
Ozgur Kan, Ed Moss
Closing the Transaction: Practical Legal Considerations
Jennifer L. Chu, John R. Love, Charles K. Blank1:14:09This panel will provide an introduction to transaction timing, the third party financing process, and common closing conditions. After completing this session, participants will be able to:
- Prepare for due diligence challenges, including commercial, legal, and tax considerations
- Assess effective negotiation strategies
- Better understand common financing considerations, such as the marketing period, financing commitments, and financing cooperation
- Gain insight into deal types with unique considerations, like RWI insurance, public deals, and carve-out transactions
Skills credit for NY Attorneys
Charles Blank, Jennifer Chu, John Love
Ethical Considerations for Counsel in the Business World
Margaret H. Allen, Eva Harris1:14:38This panel will address the legal ethics rules and challenges that arise when advising clients in the financial industry, such as when representing organizations as clients, interacting with external auditors and the internal audit team, and when handling other financial information. After completing this session, participants will be able to:
- Determine which legal ethics rules are triggered when handling client financial information
- Balance client advocacy with the attorney’s ethical duties
- Anticipate whether there is gatekeeper liability and familiarize themselves with the relevant states’ rules
- Identify whether there has been improper influence over an audit or review
- Better understand the internal audit function and the audit committee, and what potential legal ethical conundrums present themselves
Margaret Allen, Eva Harris