Introduction to Financial Statements
An introduction to the four main financial statements, with examples of how the statements are affected by different business transactions.
Track
A selection of courses that could form the basis for a mini MBA, covering financial statements, valuation, statistics, AI, and corporate finance. The contents of the track can be customized to meet your organization's needs.
Start TrackAn introduction to the four main financial statements, with examples of how the statements are affected by different business transactions.
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.
An introduction to balance sheets, including an explanation of the balance sheet equation and descriptions of assets, liabilities and shareholders’ equity.
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.
Lawyers often want to look for financial information about a company, whether it’s to better understand a client’s business, to learn about the other side in a transaction or litigation, or for business development purposes. This course provides some tips on where to look.
What to look for in a company’s financials and annual report to give you a quick picture of a company’s financial health and current and future financial prospects.
Valuation is one of the most fundamental concepts in corporate finance. This course describes the different measures of a company’s value, and the various techniques used to value businesses and their assets.
The math behind calculations related to the time value of money, including calculations for interest rates, present and future value, annuities and perpetuities.
The main difference between cash accounting and accrual accounting is how revenue and expenses are recognized. This course briefly explains these accounting methods and describes how revenue and expenses are recognized in accrual accounting.
An introduction to the regulatory framework and financial reporting for US and non-US companies, including GAAP, FASB, IFRS and IASB.
This course introduces the fundamentals of financial modeling and discusses how it’s relevant to lawyers.
This course provides an overview of key statistical concepts that are relevant to legal practice, including averages, sampling and distribution curves.
Introduces key AI terms and concepts, such as deep learning, machine learning, generative AI, LLMs, and supervised and unsupervised learning.
When ChatGPT launched in November 2022, the way most of us think about AI changed forever. This course introduces what GenAI is, why it’s a big deal, and what it means for lawyers.
The four stages of a corporation’s life cycle: startup, growth, maturity, and decline. Includes a discussion of the biggest governance issues faced by corporations at each stage.
A look at how emerging companies raise venture capital, from finding and pitching investors to closing a deal.
An overview of the main stages of a typical loan transaction, including preliminary negotiations, drafting the main documents, preparing for and closing the transaction, and ongoing compliance matters.
A summary of the most common types of securities bought and sold in the financial markets, including debt, equity and hybrid securities.
An explanation of the different types of restructuring transactions, including in-court and out-of-court transactions and their relative advantages and disadvantages. Covers options such as traditional Chapter 11 filings, prepacks, prenegotiated cases, 363 sales, and workouts.