Accounting for Legal Practitioners: Understanding Financial Statements and Compliance

Objectives:
• Understand the basics of accounting and financial reporting
• Learn to analyze and interpret financial statements
• Familiarize yourself with accounting standards and regulations
• Develop skills to apply accounting principles to legal practice
Course Content:
• Financial Statements and Accounting Principles
• Overview of financial statements (balance sheet, income statement, cash flow statement)
• Accounting principles (accrual, matching, materiality, consistency)
• Accounting standards and regulatory frameworks (GAAP, IFRS)
• Financial Statement Analysis
• Ratio analysis (liquidity, profitability, efficiency)
• Trend analysis and forecasting
• Cash flow analysis and management
• Accounting for Specific Transactions and Events
• Accounting for assets (current, non-current, intangible)
• Accounting for liabilities (current, non-current, contingent)
• Accounting for equity (common, preferred, retained earnings)
• Accounting for revenue recognition and expense matching
• Accounting for cash and cash equivalents
• Compliance and Regulatory Requirements
• Overview of accounting regulations and standards
• Compliance with financial reporting requirements
• Disclosure requirements and financial statement presentation
• Case Studies and Applications
• Real-world examples of financial statement analysis and compliance
• Practical applications of accounting principles in legal practice
• Group discussions and problem-solving exercises

METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 6th – 9th May, 2025
2ND BATCH: 19th – 22nd Aug, 2025
3RD BATCH: 16th – 19th Dec, 2025