UTS:LAW Professional Development (CLE/CDP)

Accounting and Business Information for Lawyers

Introduction

This presentation will introduce accounting terminology and cover accounting processes required to understand the information content of financial statements prepared using accounting rules (standards). At the conclusion of the course participants will be able to read and extract information from financial statements which comprise the Income Statement, Balance Sheet and Cash Flow Statement and develop business intelligence about a firm's operations, investments and their financing.

The presentation is interactive and will comprise discussion of key points, practical business based case studies to reinforce key points and will incorporate real-life examples of the information content from Annual Financial Reports of ASX listed companies for which a detailed financial analysis will be performed and compared to a competitor.

Presentation Objectives

At the conclusion of this one day presentation, participants should have gained knowledge that enhances their business skills in the areas of:

• Accounting Terminology, including assets, liabilities, shareholders equity, revenues and expenses 
• Accrual accounting - what it is and how it works 
• Accounting processes used to analyse and record business transactions 
• Reading and interpreting the information content of the major financial statements, including the Income Statement, Balance Sheet and Cash Flow Statement 
• Perform financial analysis to disclose information about the key areas of business activity comprising: 
• • Operating activities 
  • Investing activities 
  • Financing activities

Presentation Schedule

The topics covered and their sequencing for this presentation are as follows:

• Accounting and the business  environment 
• Foundations of organisation / business  success 
• Business stakeholders and their need for financial information 
• The Accounting Information  Process 
• Accounting Terminology 
• Reading and preparing financial statements including 
• • Income Statement 
  • Balance Sheet 
  • Cash Flow Statement
• Financial Reporting - Output from an Accounting System
• • Evaluating Published Financial Statements from ASX Listed Companies      
• Financial Analysis
• • Return on Assets - analysis of operating and investing activities
  • Return on Equity - analysis of operating, investing and financing activities
  • Investigating Liquidity, Activity, Profitability, Leverage or Gearing
  • Accounting information and its impact on Market Performance and Equity Valuation.

Presenter:

Mr Gregory Pazmandy [BBus (NSWIT), MBus (UTS), FCPA]

Greg Pazmandy is a Fellow of CPA Australia and is a Senior Lecturer in Accounting at UTS. He has developed and presented accounting and finance programs for executive development programs, legal practices and CPA Australia, both in Australia and internationally for over 25 years. He has extensive business consulting experience and has developed in-house training programs for many large public companies as well as specialist accounting and finance programs for the continuing education programs of CPA Australia. In addition to lecturing at UTS, Greg has also developed and presented accounting and finance courses for the Australian Graduate School of Management Sydney, Graduate School of Management in Australia, Malaysia, Singapore, Hong Kong (Hong Kong Management Association) and China.

Date:

• Friday 5 September 2008, 9.00am - 4.30pm

Venue:

• UTS:LAW, 1-59 Quay Street, Haymarket NSW 2007
  Room 318, Level 3, Buiding 5B

Cost:

• $660 (incl GST)
  10% discount for Alumni

CLE/CPD

1 CLE/CPD point = 1 hour of participation

Registration:

Further information and enrolment details are available via the

Accounting and Business Information for Lawyers [PDF] brochure.

Further information:

Professional Development Unit
p: +61 2 9514 3793
e: pdu.law@uts.edu.au