1. finance
2. accounting and auditing

How to Understand and Analyze Financial Statements
Cary – Thursday, Dec. 13, 2012
Charlotte – Friday, Dec. 14, 2012
Video Locations
To qualify for the Early Bird (
) tuition, registration must be received one week prior to program date.
Early registration is required to ensure a book at video locations. NC State Bar rules require a minimum
number of pre-registered active State Bar members. The NCBAF reserves the right to cancel any video program
prior to the program date if registrations do not meet the NC State Bar requirement. Some sites require
additional registration or evaluation forms. Visit http://www.ncbar.org/cle/programs/video-replays.aspx to
confirm video replay registration and program start times.
Professional Speaker
How to Understand and Analyze Financial Statements
• Essential program for those in private
how to understand
& Analyze Financial … practice
• Learn how to communicate effectively
Program highlights
Featuring Douglas R. Smith
with accounting and business people
CLE credit hours at Video Replays are subject to change.
How to Understand and Analyze
Financial Statements (2012)
Cary — Thurs., March 14, 2013 – NC Bar Center
8000 Weston Parkway • Dorsett Auditorium • Site Contact: CLE Department (919) 677-8745 or
(800) 228-3402 (ask for CLE)
March 7, 2013)
#977BAR
(
LIVE and WEBCAST
PROGRAM
Charlotte — Wed., Feb. 13, 2013 – Hampton Inn & Suites South Park at Phillips Place
Thursday, Dec. 13, 2012
NC Bar Center
Cary
6700 Phillips Place Court • Conference Room • Site Phone: (704) 319-5700
(
Feb. 6, 2013)
#977CHA
NCBA CLE Bookstore
•
•
•
•
•
Over 30 practice areas in CLE program materials
Section manuals/deskbooks
Law Practice books
Audio CDs
CLE Stacks – your 24/7 online law library
www.ncbar.org/CLEBookstore
PO Box 3688 • Cary, NC 27519-3688
More than 200 publications available in the Bookstore.
Includes:
LIVE PROGRAM ONLY
For more information visit www.ncbar.org/CLEBookstore/GPD10.aspx
Note: A parking pass is required for participants to attend this program; it will be provided electronically.
• Updated Bankruptcy chapter to reflect recent law changes
• Index
• Purchase the entire guide on CD
415 North 2nd Street • Learning Resource/Library Building (Bldg. L) • Room L107
(
Feb. 8, 2013)
#977WLM
Addendum to the NC General Practice
Deskbook! Includes:
Wilmington — Fri., Feb. 15, 2013 – Cape Fear Community College
N.C. General Practitioner’s Guide
to Business Law (2010)
2000 East Wendover Avenue • Magnolia Room • Site Contact: Roberta Pearson (336) 691-2000
(
Feb. 15, 2013)
#977GSB
Nonprofit Org.
US Postage
PAID
Raleigh, NC
Permit #297
Greensboro — Fri., Feb. 22, 2013 – Emerald Event Center
Friday, Dec. 14, 2012
Hilton Charlotte University Place
Charlotte
CLE Credit: 6.0 Hours
Plus 4 Video Replays
This seminar begins with the basic concepts
underlying financial reporting. These are
the principles that a lawyer must grasp in
order to understand a financial statement,
formulate effective inquiries and communicate effectively with business and financial people.
A financial statement of a real company is used to demonstrate these concepts.
Participants then see how analytical procedures are applied to financial reports. Quick
techniques are emphasized which isolate items needing further investigation, such as liquidity,
leverage, efficiency and changes in profitability.
Manipulative accounting practices most likely to be encountered in the practice of law are
introduced. This includes recognizing the type of situations where risk of deception is greatest
and how to spot warning signs. Questions to ask and documentation to request is also
included. This is critical in the discovery process as well as in more informal situations.
This is a basic level course of six hours. It is designed for lawyers with little to no accounting
and financial background, and also to provide a “big picture” to those with more
sophisticated financial knowledge that is narrowly focused on a particular type of law.
Find us on
www.facebook.com/NCBAorg
Twitter@NCBA_CLE
The Fine Print
Agenda
Registration
Registrations (including door
registrations) are limited to
available space, which may
include a live video broadcast
overflow room. Registrations
received the week of the program or at the door cannot be
guaranteed a book.
8:00–8:25 a.m.
8:25–8:30
8:30–10:30
MCLE Credit
The NC Bar Association
Foundation is an accredited
CLE sponsor under the MCLE
Regulations promulgated by
the NC State Bar Board of
Continuing Legal Education.
This program is approved (but
not sponsored) by the Board for
the designated number of CLE
hours. It is the responsibility
of each attorney to maintain
a record of his/her attendance
at CLE programs for the NC
State Bar annual report. MCLE
credit is reported only if NC
State Bar number is provided.
NCBA CLE Passports
“Traditional” Passport holders
exceeding the 30-hour limit for
NCBA Members or the 15-hour
limit for Paralegal Division
Members will be charged $75
per program. “Hybrid” Passport
holders exceeding the 12-hour
limit for live or video replays
will also be charged $75 per
program.
Transfers
Registrants may transfer from a
Live program, Video Replay or
TeleSeminar without penalty
within three working days after
the program date. A registration may be transferred once.
Registrants may not transfer
to/from a CLE Webcast, a CLE
Webinar, CLEonTheGo or an
OnlineCLE program unless
they are “Virtual” or “Hybrid”
Passport holders.
Cancellations
Cancellations must be received
by 9 a.m. the third working
day prior to the program to
qualify for a refund (less $25
admin. fee). Those not attending receive program materials
(if included in tuition) in full
consideration of tuition paid.
Inclement Weather
NCBAF makes every effort to
notify registrants when a program is cancelled or delayed
due to weather. If inclement
weather is forecast, please
check your local news listings
or contact the location where
your program is being held.
Bar Association programs will
follow the work schedule of the
hosting institutions, to include
delayed openings.
CLE Scholarships
A limited number of scholarships are available to members in financial need. Contact
Membership Services at 1-800662-7407 or email cpeglow@
ncbar.org.
@NCBA_CLE
Registration and Continental Breakfast
Welcome and Introduction
Basic Concepts Underlying Financial Reporting
• Generally accepted accounting principles
(GAAP) and non-GAAP accounting
• Levels of assurance provided in a financial
statement
• Net income vs. cash flow
• Depreciable assets
• Capitalizing vs. expensing
• Inventory
• Other fundamental concepts
10:30–10:45
Break
10:45–12:15 p.m. The Financial Statements
• Accountants’ report
• Balance sheet
• Income statement
• Statement of cash flows
• Notes to the financial statement
12:15–1:15
Networking Lunch
1:15–2:15
Basic Financial Statement Analysis
• Short-term liquidity
• Long-term solvency and planning
• Profitability
• Return on investment
• Commonly used ratios
2:15–2:45
Special Reporting Issues
• Business combinations
• Leases
• Deferred income taxes
2:45–3:00
Break
3:00–4:00
Common Manipulative Techniques
• How a financial statement can follow the rules
and still be deceptive
• Circumstances where you are most at risk of
being misled
• Tactics to protect yourself, clients and your firm
> How to Understand and Analyze Financial …#977FSB on 12/13/12
Speaker
• Douglas R. Smith CPA, Myrtle Beach, SC
About the Speaker
Print Full Name____________________________________________________________________
Douglas R. Smith, CPA has been providing continuing legal education seminars
on accounting topics since 1999. He graduated from East Carolina University
and studied accounting at the University of Memphis. He served as Chief
Financial Officer at Sierra Nevada College where he was also adjunct instructor
in the college’s Business Department. He holds a CPA and has performed audit
and consulting services for an international accounting firm. Doug is a member
of the American Institute of CPA’s and Association for Continuing Legal
Education.
Firm/Agency Name________________________________________________________________
Street Address ____________________________________________________________________
PO Box__________________________________________________________________________
City/State/Zip_____________________________________________________________________
Daytime Phone/Daytime Fax_________________________________________________________
Email Address_____________________________________________________________________
for MCLE Credit list both:
NC State Bar No. ___________________________ NCBA No.____________________________
q Check if any information has changed
Cary Hotels
Contact hotel directly for reservations & guest services • Rates based on availability • To guarantee your room at
this special rate, contact the hotel today and mention you are with the NC Bar Association
Embassy Suites
201 Harrison Oaks Boulevard • Cary
Rates:$159
Includes full cooked-to-order breakfast and manager’s evening reception
Reservations: (919) 677-1840
Reference Corporate ID: NCB or NC Bar
Hilton Garden Inn
1500 RDU Center Drive • Morrisville
I-40, Exit 285, Aviation Parkway
Rates:
Reservations:
> Tuition‡
> Program Choice
Registration must be received one week prior to program date
for Early Bird tuition
Early Bird Regular
Rec’vd
Rec’vd less than
1 week before 1 week before
program
program
Live Programs q
q
Dec. 13, 2012
Cary
(
Dec. 6, 2012)
Dec. 14, 2012
Charlotte
Dec. 7, 2012)
(
#977FSB
The following categories include the MCLE fee and materials.
#977FSC
Video Replays
q
q
q
q
March 14, 2013
Feb. 13, 2013
Feb. 22, 2013
Feb. 15, 2013
Cary Charlotte Greensboro
Wilmington
#977BAR
#977CHA
#977GSB
#977WLM
Register only at www.ncbar.org/CLEWebcasts
NCBA Member $330
Non-Member $380
Hybrid/Virtual Passport $125
Traditional Passport and Early Bird tuition rates do not apply.
Attend a Live Webcast from the convenience of your office
or home computer. Download and print program materials.
Webcasts do not count against the 4-hour per credit year limit
for computer-based CLE.
Rates:
Reservations:
Brought to you by the North Carolina Bar Association Foundation CLE
www.ncbar.org/CLE
q Full-time *LANC Attorney (NCBA Member)
q 1st Yr. Licensed in NC
$130
$160
$99
$99
$300
$355
$100
The following categories do not include any MCLE fee.
You must attend to receive the materials.
q Judge (NCBA Member)
$25
q Law Professor (NCBA Member, full-time
$25
at ABA accredited law school)
q NCBA Law Student Division Member
$25
q NCBA Paralegal Student Member
*Legal Aid of NC
$25
‡
Your CLE tuition includes mandatory State Bar
fees. These fees are used to administer the State Bar’s
Mandatory Continuing Legal Education program
and to support both the Chief Justice’s Commission
on Professionalism and the Chief Justice’s Equal
Access to Justice Commission.
Charlotte Hotel
Rate:
Call for pricing
Reservations: (704) 547-7444
$305
q CLE Passport Participant
$89 studio queen with sleeper sofa (Sunday–Thursday)
Includes complimentary Continental breakfast
All rooms come standard with fully equipped kitchen
(919) 678-0005
Ask for North Carolina Bar Association Corporate Rate
Hilton Charlotte University Place
8629 JM Keynes Drive • Charlotte
$250
q Non-Member
$124 single/double
A full service hotel
(919) 840-8088 or (877) STAY-HGI
Reference #9885177 when making reservations
Contact hotel directly for reservations & guest services • Rates based on availability • Occasionally room blocks fill
before cutoff date • To guarantee your room at this special rate, contact the hotel today and mention you are with
the NC Bar Association
q NCBA Member
(NCBA Member)
TownePlace Suites by Marriott
120 Sage Commons Way • Cary
Webcast – Dec. 13, 2012 ONLY
W
NC Bar Association Foundation Registration/Order Form #977FSC on 12/14/12 B
> Payment Options
Registration is processed only after payment is received
Total $__________________
q Check Enclosed Payable to NC Bar Foundation q Visa/MC/AmEx
Acct. #__________________________________________________________ Exp. Date_ __________
Signature_ ___________________________________________________________________________
4 ways
to register:
Phone CLE*
Website*
(919) 677-8745 www.ncbar.org/CLE
(800) 228-3402
Ask for CLE
Fax CLE*
Mail
(919) 677-1774 Attn: Accounting • NCBAF
PO Box 3688, Cary, NC 27519
*Credit card only
The Fine Print
Agenda
Registration
Registrations (including door
registrations) are limited to
available space, which may
include a live video broadcast
overflow room. Registrations
received the week of the program or at the door cannot be
guaranteed a book.
8:00–8:25 a.m.
8:25–8:30
8:30–10:30
MCLE Credit
The NC Bar Association
Foundation is an accredited
CLE sponsor under the MCLE
Regulations promulgated by
the NC State Bar Board of
Continuing Legal Education.
This program is approved (but
not sponsored) by the Board for
the designated number of CLE
hours. It is the responsibility
of each attorney to maintain
a record of his/her attendance
at CLE programs for the NC
State Bar annual report. MCLE
credit is reported only if NC
State Bar number is provided.
NCBA CLE Passports
“Traditional” Passport holders
exceeding the 30-hour limit for
NCBA Members or the 15-hour
limit for Paralegal Division
Members will be charged $75
per program. “Hybrid” Passport
holders exceeding the 12-hour
limit for live or video replays
will also be charged $75 per
program.
Transfers
Registrants may transfer from a
Live program, Video Replay or
TeleSeminar without penalty
within three working days after
the program date. A registration may be transferred once.
Registrants may not transfer
to/from a CLE Webcast, a CLE
Webinar, CLEonTheGo or an
OnlineCLE program unless
they are “Virtual” or “Hybrid”
Passport holders.
Cancellations
Cancellations must be received
by 9 a.m. the third working
day prior to the program to
qualify for a refund (less $25
admin. fee). Those not attending receive program materials
(if included in tuition) in full
consideration of tuition paid.
Inclement Weather
NCBAF makes every effort to
notify registrants when a program is cancelled or delayed
due to weather. If inclement
weather is forecast, please
check your local news listings
or contact the location where
your program is being held.
Bar Association programs will
follow the work schedule of the
hosting institutions, to include
delayed openings.
CLE Scholarships
A limited number of scholarships are available to members in financial need. Contact
Membership Services at 1-800662-7407 or email cpeglow@
ncbar.org.
@NCBA_CLE
Registration and Continental Breakfast
Welcome and Introduction
Basic Concepts Underlying Financial Reporting
• Generally accepted accounting principles
(GAAP) and non-GAAP accounting
• Levels of assurance provided in a financial
statement
• Net income vs. cash flow
• Depreciable assets
• Capitalizing vs. expensing
• Inventory
• Other fundamental concepts
10:30–10:45
Break
10:45–12:15 p.m. The Financial Statements
• Accountants’ report
• Balance sheet
• Income statement
• Statement of cash flows
• Notes to the financial statement
12:15–1:15
Networking Lunch
1:15–2:15
Basic Financial Statement Analysis
• Short-term liquidity
• Long-term solvency and planning
• Profitability
• Return on investment
• Commonly used ratios
2:15–2:45
Special Reporting Issues
• Business combinations
• Leases
• Deferred income taxes
2:45–3:00
Break
3:00–4:00
Common Manipulative Techniques
• How a financial statement can follow the rules
and still be deceptive
• Circumstances where you are most at risk of
being misled
• Tactics to protect yourself, clients and your firm
> How to Understand and Analyze Financial …#977FSB on 12/13/12
Speaker
• Douglas R. Smith CPA, Myrtle Beach, SC
About the Speaker
Print Full Name____________________________________________________________________
Douglas R. Smith, CPA has been providing continuing legal education seminars
on accounting topics since 1999. He graduated from East Carolina University
and studied accounting at the University of Memphis. He served as Chief
Financial Officer at Sierra Nevada College where he was also adjunct instructor
in the college’s Business Department. He holds a CPA and has performed audit
and consulting services for an international accounting firm. Doug is a member
of the American Institute of CPA’s and Association for Continuing Legal
Education.
Firm/Agency Name________________________________________________________________
Street Address ____________________________________________________________________
PO Box__________________________________________________________________________
City/State/Zip_____________________________________________________________________
Daytime Phone/Daytime Fax_________________________________________________________
Email Address_____________________________________________________________________
for MCLE Credit list both:
NC State Bar No. ___________________________ NCBA No.____________________________
q Check if any information has changed
Cary Hotels
Contact hotel directly for reservations & guest services • Rates based on availability • To guarantee your room at
this special rate, contact the hotel today and mention you are with the NC Bar Association
Embassy Suites
201 Harrison Oaks Boulevard • Cary
Rates:$159
Includes full cooked-to-order breakfast and manager’s evening reception
Reservations: (919) 677-1840
Reference Corporate ID: NCB or NC Bar
Hilton Garden Inn
1500 RDU Center Drive • Morrisville
I-40, Exit 285, Aviation Parkway
Rates:
Reservations:
> Tuition‡
> Program Choice
Registration must be received one week prior to program date
for Early Bird tuition
Early Bird Regular
Rec’vd
Rec’vd less than
1 week before 1 week before
program
program
Live Programs q
q
Dec. 13, 2012
Cary
(
Dec. 6, 2012)
Dec. 14, 2012
Charlotte
Dec. 7, 2012)
(
#977FSB
The following categories include the MCLE fee and materials.
#977FSC
Video Replays
q
q
q
q
March 14, 2013
Feb. 13, 2013
Feb. 22, 2013
Feb. 15, 2013
Cary Charlotte Greensboro
Wilmington
#977BAR
#977CHA
#977GSB
#977WLM
Register only at www.ncbar.org/CLEWebcasts
NCBA Member $330
Non-Member $380
Hybrid/Virtual Passport $125
Traditional Passport and Early Bird tuition rates do not apply.
Attend a Live Webcast from the convenience of your office
or home computer. Download and print program materials.
Webcasts do not count against the 4-hour per credit year limit
for computer-based CLE.
Rates:
Reservations:
Brought to you by the North Carolina Bar Association Foundation CLE
www.ncbar.org/CLE
q Full-time *LANC Attorney (NCBA Member)
q 1st Yr. Licensed in NC
$130
$160
$99
$99
$300
$355
$100
The following categories do not include any MCLE fee.
You must attend to receive the materials.
q Judge (NCBA Member)
$25
q Law Professor (NCBA Member, full-time
$25
at ABA accredited law school)
q NCBA Law Student Division Member
$25
q NCBA Paralegal Student Member
*Legal Aid of NC
$25
‡
Your CLE tuition includes mandatory State Bar
fees. These fees are used to administer the State Bar’s
Mandatory Continuing Legal Education program
and to support both the Chief Justice’s Commission
on Professionalism and the Chief Justice’s Equal
Access to Justice Commission.
Charlotte Hotel
Rate:
Call for pricing
Reservations: (704) 547-7444
$305
q CLE Passport Participant
$89 studio queen with sleeper sofa (Sunday–Thursday)
Includes complimentary Continental breakfast
All rooms come standard with fully equipped kitchen
(919) 678-0005
Ask for North Carolina Bar Association Corporate Rate
Hilton Charlotte University Place
8629 JM Keynes Drive • Charlotte
$250
q Non-Member
$124 single/double
A full service hotel
(919) 840-8088 or (877) STAY-HGI
Reference #9885177 when making reservations
Contact hotel directly for reservations & guest services • Rates based on availability • Occasionally room blocks fill
before cutoff date • To guarantee your room at this special rate, contact the hotel today and mention you are with
the NC Bar Association
q NCBA Member
(NCBA Member)
TownePlace Suites by Marriott
120 Sage Commons Way • Cary
Webcast – Dec. 13, 2012 ONLY
W
NC Bar Association Foundation Registration/Order Form #977FSC on 12/14/12 B
> Payment Options
Registration is processed only after payment is received
Total $__________________
q Check Enclosed Payable to NC Bar Foundation q Visa/MC/AmEx
Acct. #__________________________________________________________ Exp. Date_ __________
Signature_ ___________________________________________________________________________
4 ways
to register:
Phone CLE*
Website*
(919) 677-8745 www.ncbar.org/CLE
(800) 228-3402
Ask for CLE
Fax CLE*
Mail
(919) 677-1774 Attn: Accounting • NCBAF
PO Box 3688, Cary, NC 27519
*Credit card only
How to Understand and Analyze Financial Statements
Cary – Thursday, Dec. 13, 2012
Charlotte – Friday, Dec. 14, 2012
Video Locations
To qualify for the Early Bird (
) tuition, registration must be received one week prior to program date.
Early registration is required to ensure a book at video locations. NC State Bar rules require a minimum
number of pre-registered active State Bar members. The NCBAF reserves the right to cancel any video program
prior to the program date if registrations do not meet the NC State Bar requirement. Some sites require
additional registration or evaluation forms. Visit http://www.ncbar.org/cle/programs/video-replays.aspx to
confirm video replay registration and program start times.
Professional Speaker
How to Understand and Analyze Financial Statements
• Essential program for those in private
how to understand
& Analyze Financial … practice
• Learn how to communicate effectively
Program highlights
Featuring Douglas R. Smith
with accounting and business people
CLE credit hours at Video Replays are subject to change.
How to Understand and Analyze
Financial Statements (2012)
Cary — Thurs., March 14, 2013 – NC Bar Center
8000 Weston Parkway • Dorsett Auditorium • Site Contact: CLE Department (919) 677-8745 or
(800) 228-3402 (ask for CLE)
March 7, 2013)
#977BAR
(
LIVE and WEBCAST
PROGRAM
Charlotte — Wed., Feb. 13, 2013 – Hampton Inn & Suites South Park at Phillips Place
Thursday, Dec. 13, 2012
NC Bar Center
Cary
6700 Phillips Place Court • Conference Room • Site Phone: (704) 319-5700
(
Feb. 6, 2013)
#977CHA
NCBA CLE Bookstore
•
•
•
•
•
Over 30 practice areas in CLE program materials
Section manuals/deskbooks
Law Practice books
Audio CDs
CLE Stacks – your 24/7 online law library
www.ncbar.org/CLEBookstore
PO Box 3688 • Cary, NC 27519-3688
More than 200 publications available in the Bookstore.
Includes:
LIVE PROGRAM ONLY
For more information visit www.ncbar.org/CLEBookstore/GPD10.aspx
Note: A parking pass is required for participants to attend this program; it will be provided electronically.
• Updated Bankruptcy chapter to reflect recent law changes
• Index
• Purchase the entire guide on CD
415 North 2nd Street • Learning Resource/Library Building (Bldg. L) • Room L107
(
Feb. 8, 2013)
#977WLM
Addendum to the NC General Practice
Deskbook! Includes:
Wilmington — Fri., Feb. 15, 2013 – Cape Fear Community College
N.C. General Practitioner’s Guide
to Business Law (2010)
2000 East Wendover Avenue • Magnolia Room • Site Contact: Roberta Pearson (336) 691-2000
(
Feb. 15, 2013)
#977GSB
Nonprofit Org.
US Postage
PAID
Raleigh, NC
Permit #297
Greensboro — Fri., Feb. 22, 2013 – Emerald Event Center
Friday, Dec. 14, 2012
Hilton Charlotte University Place
Charlotte
CLE Credit: 6.0 Hours
Plus 4 Video Replays
This seminar begins with the basic concepts
underlying financial reporting. These are
the principles that a lawyer must grasp in
order to understand a financial statement,
formulate effective inquiries and communicate effectively with business and financial people.
A financial statement of a real company is used to demonstrate these concepts.
Participants then see how analytical procedures are applied to financial reports. Quick
techniques are emphasized which isolate items needing further investigation, such as liquidity,
leverage, efficiency and changes in profitability.
Manipulative accounting practices most likely to be encountered in the practice of law are
introduced. This includes recognizing the type of situations where risk of deception is greatest
and how to spot warning signs. Questions to ask and documentation to request is also
included. This is critical in the discovery process as well as in more informal situations.
This is a basic level course of six hours. It is designed for lawyers with little to no accounting
and financial background, and also to provide a “big picture” to those with more
sophisticated financial knowledge that is narrowly focused on a particular type of law.
Find us on
www.facebook.com/NCBAorg
Twitter@NCBA_CLE
The Fine Print
Agenda
Registration
Registrations (including door
registrations) are limited to
available space, which may
include a live video broadcast
overflow room. Registrations
received the week of the program or at the door cannot be
guaranteed a book.
8:00–8:25 a.m.
8:25–8:30
8:30–10:30
MCLE Credit
The NC Bar Association
Foundation is an accredited
CLE sponsor under the MCLE
Regulations promulgated by
the NC State Bar Board of
Continuing Legal Education.
This program is approved (but
not sponsored) by the Board for
the designated number of CLE
hours. It is the responsibility
of each attorney to maintain
a record of his/her attendance
at CLE programs for the NC
State Bar annual report. MCLE
credit is reported only if NC
State Bar number is provided.
NCBA CLE Passports
“Traditional” Passport holders
exceeding the 30-hour limit for
NCBA Members or the 15-hour
limit for Paralegal Division
Members will be charged $75
per program. “Hybrid” Passport
holders exceeding the 12-hour
limit for live or video replays
will also be charged $75 per
program.
Transfers
Registrants may transfer from a
Live program, Video Replay or
TeleSeminar without penalty
within three working days after
the program date. A registration may be transferred once.
Registrants may not transfer
to/from a CLE Webcast, a CLE
Webinar, CLEonTheGo or an
OnlineCLE program unless
they are “Virtual” or “Hybrid”
Passport holders.
Cancellations
Cancellations must be received
by 9 a.m. the third working
day prior to the program to
qualify for a refund (less $25
admin. fee). Those not attending receive program materials
(if included in tuition) in full
consideration of tuition paid.
Inclement Weather
NCBAF makes every effort to
notify registrants when a program is cancelled or delayed
due to weather. If inclement
weather is forecast, please
check your local news listings
or contact the location where
your program is being held.
Bar Association programs will
follow the work schedule of the
hosting institutions, to include
delayed openings.
CLE Scholarships
A limited number of scholarships are available to members in financial need. Contact
Membership Services at 1-800662-7407 or email cpeglow@
ncbar.org.
@NCBA_CLE
Registration and Continental Breakfast
Welcome and Introduction
Basic Concepts Underlying Financial Reporting
• Generally accepted accounting principles
(GAAP) and non-GAAP accounting
• Levels of assurance provided in a financial
statement
• Net income vs. cash flow
• Depreciable assets
• Capitalizing vs. expensing
• Inventory
• Other fundamental concepts
10:30–10:45
Break
10:45–12:15 p.m. The Financial Statements
• Accountants’ report
• Balance sheet
• Income statement
• Statement of cash flows
• Notes to the financial statement
12:15–1:15
Networking Lunch
1:15–2:15
Basic Financial Statement Analysis
• Short-term liquidity
• Long-term solvency and planning
• Profitability
• Return on investment
• Commonly used ratios
2:15–2:45
Special Reporting Issues
• Business combinations
• Leases
• Deferred income taxes
2:45–3:00
Break
3:00–4:00
Common Manipulative Techniques
• How a financial statement can follow the rules
and still be deceptive
• Circumstances where you are most at risk of
being misled
• Tactics to protect yourself, clients and your firm
> How to Understand and Analyze Financial …#977FSB on 12/13/12
Speaker
• Douglas R. Smith CPA, Myrtle Beach, SC
About the Speaker
Print Full Name____________________________________________________________________
Douglas R. Smith, CPA has been providing continuing legal education seminars
on accounting topics since 1999. He graduated from East Carolina University
and studied accounting at the University of Memphis. He served as Chief
Financial Officer at Sierra Nevada College where he was also adjunct instructor
in the college’s Business Department. He holds a CPA and has performed audit
and consulting services for an international accounting firm. Doug is a member
of the American Institute of CPA’s and Association for Continuing Legal
Education.
Firm/Agency Name________________________________________________________________
Street Address ____________________________________________________________________
PO Box__________________________________________________________________________
City/State/Zip_____________________________________________________________________
Daytime Phone/Daytime Fax_________________________________________________________
Email Address_____________________________________________________________________
for MCLE Credit list both:
NC State Bar No. ___________________________ NCBA No.____________________________
q Check if any information has changed
Cary Hotels
Contact hotel directly for reservations & guest services • Rates based on availability • To guarantee your room at
this special rate, contact the hotel today and mention you are with the NC Bar Association
Embassy Suites
201 Harrison Oaks Boulevard • Cary
Rates:$159
Includes full cooked-to-order breakfast and manager’s evening reception
Reservations: (919) 677-1840
Reference Corporate ID: NCB or NC Bar
Hilton Garden Inn
1500 RDU Center Drive • Morrisville
I-40, Exit 285, Aviation Parkway
Rates:
Reservations:
> Tuition‡
> Program Choice
Registration must be received one week prior to program date
for Early Bird tuition
Early Bird Regular
Rec’vd
Rec’vd less than
1 week before 1 week before
program
program
Live Programs q
q
Dec. 13, 2012
Cary
(
Dec. 6, 2012)
Dec. 14, 2012
Charlotte
Dec. 7, 2012)
(
#977FSB
The following categories include the MCLE fee and materials.
#977FSC
Video Replays
q
q
q
q
March 14, 2013
Feb. 13, 2013
Feb. 22, 2013
Feb. 15, 2013
Cary Charlotte Greensboro
Wilmington
#977BAR
#977CHA
#977GSB
#977WLM
Register only at www.ncbar.org/CLEWebcasts
NCBA Member $330
Non-Member $380
Hybrid/Virtual Passport $125
Traditional Passport and Early Bird tuition rates do not apply.
Attend a Live Webcast from the convenience of your office
or home computer. Download and print program materials.
Webcasts do not count against the 4-hour per credit year limit
for computer-based CLE.
Rates:
Reservations:
Brought to you by the North Carolina Bar Association Foundation CLE
www.ncbar.org/CLE
q Full-time *LANC Attorney (NCBA Member)
q 1st Yr. Licensed in NC
$130
$160
$99
$99
$300
$355
$100
The following categories do not include any MCLE fee.
You must attend to receive the materials.
q Judge (NCBA Member)
$25
q Law Professor (NCBA Member, full-time
$25
at ABA accredited law school)
q NCBA Law Student Division Member
$25
q NCBA Paralegal Student Member
*Legal Aid of NC
$25
‡
Your CLE tuition includes mandatory State Bar
fees. These fees are used to administer the State Bar’s
Mandatory Continuing Legal Education program
and to support both the Chief Justice’s Commission
on Professionalism and the Chief Justice’s Equal
Access to Justice Commission.
Charlotte Hotel
Rate:
Call for pricing
Reservations: (704) 547-7444
$305
q CLE Passport Participant
$89 studio queen with sleeper sofa (Sunday–Thursday)
Includes complimentary Continental breakfast
All rooms come standard with fully equipped kitchen
(919) 678-0005
Ask for North Carolina Bar Association Corporate Rate
Hilton Charlotte University Place
8629 JM Keynes Drive • Charlotte
$250
q Non-Member
$124 single/double
A full service hotel
(919) 840-8088 or (877) STAY-HGI
Reference #9885177 when making reservations
Contact hotel directly for reservations & guest services • Rates based on availability • Occasionally room blocks fill
before cutoff date • To guarantee your room at this special rate, contact the hotel today and mention you are with
the NC Bar Association
q NCBA Member
(NCBA Member)
TownePlace Suites by Marriott
120 Sage Commons Way • Cary
Webcast – Dec. 13, 2012 ONLY
W
NC Bar Association Foundation Registration/Order Form #977FSC on 12/14/12 B
> Payment Options
Registration is processed only after payment is received
Total $__________________
q Check Enclosed Payable to NC Bar Foundation q Visa/MC/AmEx
Acct. #__________________________________________________________ Exp. Date_ __________
Signature_ ___________________________________________________________________________
4 ways
to register:
Phone CLE*
Website*
(919) 677-8745 www.ncbar.org/CLE
(800) 228-3402
Ask for CLE
Fax CLE*
Mail
(919) 677-1774 Attn: Accounting • NCBAF
PO Box 3688, Cary, NC 27519
*Credit card only
How to Understand and Analyze Financial Statements
Cary – Thursday, Dec. 13, 2012
Charlotte – Friday, Dec. 14, 2012
Video Locations
To qualify for the Early Bird (
) tuition, registration must be received one week prior to program date.
Early registration is required to ensure a book at video locations. NC State Bar rules require a minimum
number of pre-registered active State Bar members. The NCBAF reserves the right to cancel any video program
prior to the program date if registrations do not meet the NC State Bar requirement. Some sites require
additional registration or evaluation forms. Visit http://www.ncbar.org/cle/programs/video-replays.aspx to
confirm video replay registration and program start times.
Professional Speaker
How to Understand and Analyze Financial Statements
• Essential program for those in private
how to understand
& Analyze Financial … practice
• Learn how to communicate effectively
Program highlights
Featuring Douglas R. Smith
with accounting and business people
CLE credit hours at Video Replays are subject to change.
How to Understand and Analyze
Financial Statements (2012)
Cary — Thurs., March 14, 2013 – NC Bar Center
8000 Weston Parkway • Dorsett Auditorium • Site Contact: CLE Department (919) 677-8745 or
(800) 228-3402 (ask for CLE)
March 7, 2013)
#977BAR
(
LIVE and WEBCAST
PROGRAM
Charlotte — Wed., Feb. 13, 2013 – Hampton Inn & Suites South Park at Phillips Place
Thursday, Dec. 13, 2012
NC Bar Center
Cary
6700 Phillips Place Court • Conference Room • Site Phone: (704) 319-5700
(
Feb. 6, 2013)
#977CHA
NCBA CLE Bookstore
•
•
•
•
•
Over 30 practice areas in CLE program materials
Section manuals/deskbooks
Law Practice books
Audio CDs
CLE Stacks – your 24/7 online law library
www.ncbar.org/CLEBookstore
PO Box 3688 • Cary, NC 27519-3688
More than 200 publications available in the Bookstore.
Includes:
LIVE PROGRAM ONLY
For more information visit www.ncbar.org/CLEBookstore/GPD10.aspx
Note: A parking pass is required for participants to attend this program; it will be provided electronically.
• Updated Bankruptcy chapter to reflect recent law changes
• Index
• Purchase the entire guide on CD
415 North 2nd Street • Learning Resource/Library Building (Bldg. L) • Room L107
(
Feb. 8, 2013)
#977WLM
Addendum to the NC General Practice
Deskbook! Includes:
Wilmington — Fri., Feb. 15, 2013 – Cape Fear Community College
N.C. General Practitioner’s Guide
to Business Law (2010)
2000 East Wendover Avenue • Magnolia Room • Site Contact: Roberta Pearson (336) 691-2000
(
Feb. 15, 2013)
#977GSB
Nonprofit Org.
US Postage
PAID
Raleigh, NC
Permit #297
Greensboro — Fri., Feb. 22, 2013 – Emerald Event Center
Friday, Dec. 14, 2012
Hilton Charlotte University Place
Charlotte
CLE Credit: 6.0 Hours
Plus 4 Video Replays
This seminar begins with the basic concepts
underlying financial reporting. These are
the principles that a lawyer must grasp in
order to understand a financial statement,
formulate effective inquiries and communicate effectively with business and financial people.
A financial statement of a real company is used to demonstrate these concepts.
Participants then see how analytical procedures are applied to financial reports. Quick
techniques are emphasized which isolate items needing further investigation, such as liquidity,
leverage, efficiency and changes in profitability.
Manipulative accounting practices most likely to be encountered in the practice of law are
introduced. This includes recognizing the type of situations where risk of deception is greatest
and how to spot warning signs. Questions to ask and documentation to request is also
included. This is critical in the discovery process as well as in more informal situations.
This is a basic level course of six hours. It is designed for lawyers with little to no accounting
and financial background, and also to provide a “big picture” to those with more
sophisticated financial knowledge that is narrowly focused on a particular type of law.
Find us on
www.facebook.com/NCBAorg
Twitter@NCBA_CLE