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SHORT COURSE

Finance and accounting foundations for lawyers

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)

Course structure

8:45am - Introduction and Overview

 

9:00am-10:15am

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

 

10:30am-1:00pm 

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

 

1:45-3:00pm 

  • 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 

 

3:15pm-5:00pm 

  • 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

 

Discounts

A discount of 10% is available to UTS Alumni or UTS Staff enrolling in this short course. If you’re 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 there’s a limit of one discount rate per participant.

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
$880.00

START DATE

06 March

MODE

On-campus

DURATION

1 days

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

Please arrive at 8:30 am for registration. Morning tea will be provided for seminar participants. 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

08:45 AM, Friday, 06 March
Expert: Stuart Patch
  • Friday, 06 March
  • 1 days
  • On-campus
  • 8:45am - 5pm, 6 March 2020 | UTS Building 10, Level 7: 235 Jones St, Ultimo NSW 2007

Course added to your cart

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