Finance for Lawyers

3 days 22-24 May 2017, London United Kingdom £3,150.00 + VAT* Download brochure Add to basket
3 days 13-15 Nov 2017, London United Kingdom £3,150.00 + VAT* Download brochure Add to basket

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Overview

To remain competitive and provide a truly top quality service, lawyers serving the international business and finance markets need not only to know the law but also to develop a stronger understanding of their clients' requirements.

This Finance for Lawyers course has been created by Euromoney Legal Training to respond to that need and help lawyers to gain a better comprehension of corporate and capital market activity. The thorough and highly practical programme provides you with the necessary tools, techniques and terminology to give you a clear understanding of the financial issues that your clients have to face in their daily commercial activity.

This intensive three-day course will teach you the essential elements of accounting. By the end of the course you will emerge better equipped to assess, analyse and understand a company's financial position.

How this course will help you:

Delegates will gain a thorough knowledge of:

  • The importance of cash flow and how to relate it to the balance sheet
  • Twelve key ratios in analysing financial statements
  • International accounting principles and how they can be manipulated
  • How to evaluate capital investment projects
  • How to identify appropriate funding structures
  • Techniques for corporate assessment
  • Basic concepts of credit analysis
  • The qualities of a successful strategy

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Timothy D H Jury

The course instructor is a chartered accountant, who qualified with KPMG. He has held main board financial and general management directorships in both quoted and private companies. He has considerable experience of management in turnaround situations and has completed a number of acquisitions, disposals and corporate reorganisations.

Following a corporate recovery assignment he joined a major UK consultancy specialising in training for financial services businesses. He spent over two years developing and presenting corporate credit training for a number of large UK banks. Clients included Natwest, HSBC, Lloyds Banking Group, Allied Irish Bank, Co-operative Bank, Hill Samuel Merchant Bank, Swiss Bank Corporation & Trade Indemnity plc.

After a further corporate recovery assignment in the textiles industry he became a full time training and strategy consultant offering courses covering all aspects of corporate lending, financial analysis, accounting, valuation, corporate finance, M&A, strategy and management. He combines his lecturing career with consultancy assignments in strategy and change management and advising on corporate recovery situations.

In-house training initiatives have been completed for Standard Chartered Bank – India, Societe Generale – London, The Kenya Pipeline Company and others, in addition to developing and delivering Euromoney public courses in places such as London, Germany, South Africa, Egypt, Jamaica, Kenya, Ghana, Zimbabwe, Sri Lanka, India, Poland, Romania, Macedonia, Croatia and Hungary. He is involved in graduate and MBA training for London based investment banks such as Deutsche Bank and Barclays Capital. Private consultancy assignments have included advising a leading venture capital fund, the strategic review of a national tape and CD retailer and providing strategy advice and research for a major new business venture in Egypt.

He is the co-author of – Advanced Credit Analysis – published by Euromoney in January 1997.

Venue

London

Hotel in Central London

All  courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse


 

Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:





Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.



We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:


Read more about our offering or complete a call back request to speak to a learning specialist.

 

Agenda
DAY 1:
Developing modern financial analysis skills

Introduction to financial analysis

  • Identifying the relationship between cash flow and profit
  • Development of an integrated cash flow model
  • Understanding the relationships between the three main accounting statements

Exercises - Accounting terminology exercise.

Fundamentals of accounting statements
The profit & loss account

  • Stocks, depreciation, capitalised interest
  • Material items and layout abuse
  • Detailed review of the profit and loss account including explanation of all significant accounting terminology

Case study - Example of layout abuse.

Fundamentals of accounting statements
The balance sheet

  • The fixed assets note, liabilities
  • Deferred tax, contingent liabilities and goodwill
  • Detailed review of the balance sheet including explanation of all significant accounting terminology

Financial analysis techniques - ratio analysis

  • Objectives of ratio analysis
  • Developing ratio analysis skills
  • Defining the twelve key ratios

Case study - Ratio calculation - delegates calculate ratios for a leading UK retail group.

Overview of global accounting in the new century

  • The history of international accounting
  • Current international accounting approaches
  • The major issues in international accounting
  • The implications of the IAS Initiative
  • Currently contentious accounting issues

Mini case - Consequences of different GAAPs on reporting.

DAY 2:

Cash flow analysis, accounting issues, and project analysis

Understanding cash flows

  • Detailed review of the cash flow statement
  • Analysing and interpreting cash flows
  • Summarising cash flows for analysis

Case study - Summarising cash flows - delegates summarise cash flows for analysis purposes.

Cash flow analysis

  • Defining free cash flow

Case study - Examining patterns of cash flows - delegates match cash flows to sectors.
Case study - Growth & no-growth cash flows - delegates restate cash flows to improve their  understanding of performance.
Case study - Delegates summarise and evaluate the cash flows of this high-tech company.

Accounting abuses and updates

  • Abuses of fair accounting
  • Basic abuses relevant to all businesses
  • More complex abuses relevant to larger groups
  • An update on recent developments in accounting

Case study - Delegates identify numerous accounting abuses in a set of conglomerate accounts.

Evaluating capital investment project

  • Introduction to capital budgeting
  • Discounted cash flow techniques
  • Calculating the internal rate of return

Case study - Speculative housing project - delegates perform investment appraisals to decide whether to proceed with a capital investment.
Case study -  Eight projects - delegates evaluate a number of projects and decide which projects should be pursued and which rejected.

DAY 3:

Credit analysis and strategy analysis
Funding structures
  • The relationship between business risk and financial risk
  • The four phases of the corporate life-cycle
  • Identifying appropriate funding structures
  • Recognising the drivers of funding strategies

Credit analysis - the basic concept

  • Introducing credit analysis frameworks
  • Financial analysis - review of the issues
  • Non-financial analysis – developing a framework

Economic and country risk

  • Understanding the indicators and signals
  • Implications of macro-economic change for investors, banks and businesses

Overview of non-financial analysis

  • Strategy analysis
  • What is strategy?
  • Overview of strategy terminology and concepts

Exercises - Strategy concepts multiple choice.

Techniques for corporate assessment

  • A pyramid model for strategy evaluation
  • SWOT/Environmental analysis
  • Porters five forces
  • Boston portfolio matrix
  • Environments matrix

Exercises - Strategy evaluation techniques multiple choice.

Mini case studies - strategy analysis

Mini case studies - Major airline strategy change.

Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product