CBA SKILLED LAWYER SERIES 2018

Understanding Income Statements

Corporate lawyers encounter income statements in various contexts, including financial definitions in contracts, M&A transactions, corporate finance and lending transactions, and in insolvency.

As a follow-up to our Understanding Balance Sheets session, this webinar will use practical examples to help you understand how to interpret income statements in the legal context.

Topics will include:

•  Basic accounting principles and constraints affecting income statements
•  Comparison to the other financial statements
•  Components of an income statement: revenue, expenses, gains, and losses
•  How to interpret income statements and their notes
•  Using income statement information in the legal context

This is the 3rd webinar of the Interpreting Financial Statements program.

Presenters