As a lawyer, understanding financial reports is a crucial skill in providing effective legal counsel. Led by experienced financial experts, you will gain an in-depth analysis of financial statements, balance sheets, income statements, cash flow statements and valuation issues. Don't miss this chance to gain valuable insights into financial reports and their implications for legal decision-making.
10.00am to 11.00am Navigating Valuation Issues in Financial Statements
- Business valuation fundamentals
- How to analyse a business’ financial position and future prospects
- Recognising indicators of risk and uncertainty
- Asking the right questions and spotting red flags
Presented by Nick Milojevic, Senior Manager, Corporate Finance, BDO
9.00am to 10.00am Understanding and Interpreting Financial Reports
- Fundamental accounting principles, standards, concepts and definitions
- Different types of financial reports: how they are prepared, who prepares them and who should rely on them
- Understanding the reliability and information value of financial reports
- How to analyse financial statements
- The value of notes and making the best use of other information
- Balance sheets and other key areas to understand
Presented by James Lindsay, Associate Director, Head of IFRS Advisory, BDO
Description
Attend and earn 2 CPD hours
Learning Objectives:
- Build confidence in reading and interpreting financial information.
- Explain the underpinning accounting principles & assumptions.
- Explore the purpose and development of a general purpose financial report.
- Examine the relationship between the balance sheet, income statement, cash flow statement.
- Explain how the information contained in the four main financial statements are analysed and interpreted.
- Non-financial performance indicators
Presenters
Mr. James Lindsay, Associate Director, Head of IFRS Advisory, BDO
James leads BDO’s IFRS Advisory department, providing assistance and support to entities regarding the application of accounting standards as well as financial reporting disclosure requirements. James also authors BDO's Cheat Sheet series which provides short plain English thought leadership on current accounting issues in practice. With roles in both commercial and private practice over the last 15 years, James has sat on “both sides of the fence”. This includes positions with BDO’s global accounting standards department in London, as well as the project lead for one of New Zealand’s largest companies regarding their adoption of new accounting standards. This mix of experience allows James to bridge that gap between complex technical areas and pragmatic, practical outcomes. – an invaluable perspective for anyone who has had to deal with navigating the application of standards and regulations! Currently, James’ focus has been on assisting a wide variety of entities from numerous sectors navigate the adoption of the new (“Big Three”) accounting standards, relating to Revenue, Financial Instruments, and Leases. In addition. James also undertakes various other consultation services for entities, including general advice, formal accounting opinions, in-house training, and financial statement review and updates.
Mr. Nick Milojevic, Senior Manager, Corporate Finance, BDO
Nick is a Senior Manager in BDO Auckland’s Corporate Finance team with over 10 years’ finance and accounting experience, assisting clients through due diligence, valuation, SPA advisory, and financial modelling on the buy-side and sell-side of transactions. He has been involved in transactions for private equity, investments banks, and private and public corporates, across a wide range of industries and transaction structures. A sample of engagements include financial due diligence on Igneo Infrastructure’s acquisition of Waste Management, and Milford Private Equity’s investment into Real NZ; vendor diligence on Farro Fresh (acquired by Waterman Capital), and Southern Hospitality (acquired by ECF Asia Pacific); and business valuations, ESOP valuations, and PPA (intangible asset) valuations for a range of private companies
