Law Firm Finances 2 – Profitability and Cash Flow

Analysis and interpretation

Date: Tuesday, 18 July 2017
Time: 11.00 registration, 11.30 – 13.00 seminar
Venue: BPP
CPD: 1.5 learning Hours
Fees: Members: £50 + vat; Non-members: £60 + vat
Speaker: Doug Robinson

Outcomes
As a result of attending you will:
• improve your ability to read and understand published accounting information
• practise using financial interpretation techniques to develop understanding
• focus on what’s important and learn to ask the right questions
• appreciate the importance of developing your commercial awareness
• be encouraged to improve your knowledge of the economy, your clients’ businesses and financial reporting in a legal context

Content

1. Analysis and interpretation – performance indicators explained
Profitability and efficiency
Gearing
Liquidity and solvency
Investor ratios
2. Case study – putting theory into practice
A major client is about to enter into a major contract with a new supplier Accessing the supplier’s financial position
Exploring the risks
Basic calculations revised plus analysis and interpretation

Delegates
Lawyers who want to improve their ability to read financial information
Delegates are recommended to attend Part 1 before signing up for this module unless they are confident about the key components of a set of company accounts