October 16, 2012
12:00 – 1:00 p.m.
1.00 MCLE hours
There are deep interrelationships between financial statements and the documents underlying business deals. Understanding financial reports – cash flow versus income, tax versus accounting books, the quality of earnings and analytical ratios – is essential to both due diligence on a transaction and drafting the operative agreements. Without a confident understanding of balance sheets and income statements, an attorney cannot help ensure that a client is getting the benefit of his or her economic bargain. This two-part program will provide you with a practical guide to financial statements and how they specifically relate to, and sometimes create traps in, major and routine business transactions, including business mergers, commercial borrowing, and the sale of business ownership interests. Part 1 of 2.
C. Travis Webb, BKD, LLP, Denver