Financial Statements & Business Valuation Workshop
The ability to understand financial statements & the mechanics of a business valuation is an essential skill for lawyers that you can’t ignore. By the time a large pile of financial documents is dropped on your desk or a client asks for advice on a business valuation, it’s already too late to get up to speed. This in-depth, practical workshop is your chance to develop these indispensable skills now with a master practitioner who will share all the information, strategies and insights you need. WEB223N30
Description
Attend the entire series and earn 3 CPD units in Professional Skills
This program is applicable to practitioners from all States & Territories
If you register for the full series as a live online product after the date of an individual session, you will be sent the recording for the sessions that have passed. Alternatively, you can register for individual sessions by following the links below.
In a competitive market lawyers with astute skills in understanding the ins and outs of financial statements and the inner workings of business valuations will be in higher demand as these skills cannot be overlooked. With this 3-part workshop you will hone these skills so that you can:
- UNDERSTAND the essentials of forensic accounting and tax
- CONSIDER the key considerations of different business structures and entities
- ANALYSE financial statements, balance sheets, tax returns, profit & loss statements & more
- NAVIGATE the business valuation process from beginning to end
Facilitated by Lauren Cusack, a leader in forensic accounting and business valuation. Lauren has over 20 years of experience in combining accounting, auditing, and investigative skills to analyse and explain financial information and provide expert accounting and business valuation opinions.
Session 1
Tuesday, 1 March 2022
Master the fundamentals of tax and accounting with a guided tour through the key issues you need to know to strengthen your commercial skillset. Mastering these critical concepts will provide you with a firm foundation to understand the countless financial, accounting and tax issues that you’ll encounter throughout your career. Consider balance sheets, bookkeeping, profit and los statements, goods and services tax, income tax and more. WEB223N30A
1.00pm to 2.00pm Accounting Basics: An Introduction to Tax and Accounting
- Cash versus accruals
- The balance sheet explained
- Double entry bookkeeping
- The profit and loss statement explained
- The relationship between the balance sheet and the profit and loss statement
- Goods and services tax
- Income tax
Register here for Session 1 only
Session 2
Tuesday, 15 March 2022
Explore the core concepts needed to understand financial information and navigate valuation issues. This checklist of key issues will supply you with the knowledge, understanding and strategies needed to effectively navigate the fundamentals of business structures, trust deeds, shareholder agreements, financial reports, the valuation process and valuation reports. WEB223N30B
1.00pm to 2.00pm Understanding Financial Information and Valuation Fundamentals
- Entities: a focus on structure and purpose
- Constitutions, trust deeds and shareholder/partnership agreements
- Financial reports explained
- Common types of financial records
- Identifying irregularities in financial reports
- When are valuations required?
- What is value?
- What is being valued?
- The valuation process
- Valuation approaches
Register here for Session 2 only
Session 3
Tuesday, 29 March 2022
Delve into the critical issues that arise in any business valuation. This step by step guide will walk you through the nuts and bolts of the business valuation process so that you can efficiently work through a business valuation from beginning to end. These key insights will also provide the tools and strategies needed to make sound commercial decisions on how to utilise the information arising from a business valuation. WEB223N30C
1.00pm to 2.00pm Valuation of a Business: Key Processes and Issues
- What is a business worth?
- The valuation process and approaches
- Total intangibles, personal and residual goodwill
- Capitalisation of future maintainable earnings
- Issues in valuation
Presented by Lauren Cusack, Founder and Director, Cusack Forensics and Business Valuation
Register here for Session 3 only
Presenters
Lauren Cusack is a business valuation and forensic accounting specialist who advises clients on commercial transactions and litigation matters. She uses her financial accounting, business modelling and business valuation expertise to deliver high-quality solutions to individuals, management, companies and legal advisors. Lauren has been involved in valuing small to medium sized businesses; private companies, partnerships and trusts; options and other employee entitlements; and intangible assets such as goodwill. Her work has focused on several areas including tax legislation compliance, reporting requirements under Australian International Financial Reporting Standards (AIFRS), litigation support, shareholder disputes, restructures, and the sale and purchase of businesses
Testimonials
‘Comprehensive coverage of very complex topic. Very good, interesting & well explained’
‘Great content, easy to understand & I got a lot out of it’
‘Excellent speaker & presentation with helpful information and pointers’