Pocket MBA 2021: Finance for Lawyers and Other Professionals

Ozgur Kan took part in a panel on “Financial Statements in Practice: A Case Study” on November 18. Panelists discussed:

• The purposes of an entity’s financial statements and how they benefit various users of the financial information
• Different financial statements, the main takeaways from each, and how they correlate with each other:
  • Income statement
  • Balance sheet
  • Statement of cash flows
  • Statement of shareholders’ equity
• Key differences in financial accounting and reporting between publicly held companies and privately held or smaller companies
• How attorneys use financial statements in litigation or transactional matters