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Finance and accounting foundations for lawyers (online)

Understand the accounting principles, standards and procedures that sit behind financial statements and records. Develop a framework enabling you to assess financial records, as our expert presenter unpicks the principles of Financial Statements, Profit and Loss and Balance Sheets.

About this course

An understanding of finance and accounting is essential for many legal practitioners. For all in-house counsel, those in a corporate, not-for-profit, or government agency, a fundamental understanding of finance is now a core competency. In this course, you will share the knowledge of the accounting profession and analyse real examples of the use of accounting standards and methodology.  You will apply the use of financial ratios in the analysis of business records to see through the raw data to identify the strengths and weaknesses of financial positions, and understand the time value of money.

Seven CPD units (one unit per hour)

This course offers a virtual learning experience for participants through interactive webinar workshops. Zoom capability enables our highly trained facilitators to divide participants into breakout rooms for role plays, group activities and discussions. The facilitator will move in and out these breakout rooms to observe and provide personalised feedback.

Our facilitators are accredited to deliver training via webinar and skilled in using screen sharing and white board functionality to ensure participants remain engaged and involved.

To ensure high levels of interaction and personalisation, we strongly encourage participants to ensure they enable both video and audio on Zoom when participating in a workshop.

Course structure


  • Financial management process and context
  • Stakeholder requirements for financial information
  • Demystifying financial terminology
  • Financial controls, finance policies and procedures


  • Unpacking financial statements: balance sheet, income statement and cash flow statement
  • Demystifying working capital
  • Profit and loss classifications
  • Cash versus profit


  • Financial statement analysis - an example of financial analysis: an ASX company
  • Linking strategic initiatives to the finance and accounting function
  • Prioritising investments: demystifying payback period, discounted cash flow and net present value 


  • Forecasting and budgetary control
  • Identifying different cost types: fixed, variable and mixed costs
  • Cost volume planning: conduct a break-even analysis
  • How to determine the margin of safety

Learning outcomes

  • Read and interpret financial statements
  • Understand financial terminology and procedures

Online delivery requirements

This course will be facilitated online using Zoom video conferencing. You will need:

  • Access to a computer or device with a reliable internet connection
  • Speakers or headphones for audio 
  • Microphone and video camera functionality (optional but recommended)
  • Please be on time, your zoom session will commence at 9am.


A discount of 10% is available to UTS Alumni or UTS Staff enrolling in this short course. If you are eligible for this discount, please ensure you have provided your UTS Student or Staff ID number in your UTS Open Profile (under ‘A bit about you’).

When signing up for the Session, use the relevant voucher code to apply the discount to your cart:

  • UTS Student / Alumni: Lawalumni
  • UTS Staff: Lstaff

Please note that discounts cannot be combined. A limit of one discount applies per person per course session.

Who is this course for?

This course is recommended for:

  • General legal practitioners
  • senior managers and leadership teams
  • in-house legal teams
  • corporate counsel
  • C-Suite leadership teams
  • lawyers in government agencies
  • not-for-profit entities
  • private super fund and estate financial advisors.


10 September




1 day

Meet the Expert

Stuart Patch

Stuart Patch
CGMA, FCMA, MCPA - Director, AcademyGlobal

Stuart Patch has coached and mentored general counsel and senior public sector leadership on finance and accounting issues throughout a career spanning twenty years in roles including finance director, chief financial officer and commercial manager for multinational firms.

He has held executive finance roles in Europe, Australia and Asia, and since 2014 has been developing and delivering finance programs for executives across government, large commercial firms and organisations in the not-for-profit sector.

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Additional Information

Disclaimer: While it is the Faculty's intention to provide this program as advertised, UTS reserves the right to alter the program, or to cancel this seminar should the minimum enrolment quota not be met. Please note that all registrations are governed by UTS Short Courses & Conferences’

Book a session

Thu 10 Sep 2020 -
Thu 10 Sep 2020
Expert: Stuart Patch
  • Online | Please be on time, the online course commences at 9am
  • Online
  • 1 session, 8 hours total
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