Improve your commercial awareness and impress your clients - whether you love the numbers or not. A practical introduction to key financial performance indicators.
Who is it for?
Suitable for both trainees and fee earners.
- PSC Elective accredited
- PEAT 2 accredited
Course content
E-learning overview
Financial analysis and interpretation can be a difficult skill for lawyers to master. Whilst law firms have a tendency to market their lawyers as being ‘commercially aware’, few firms actually deliver on that claim.
You can gain a tangible competitive advantage if you can demonstrate to clients that you really understand their finances, performance indicators and what makes their business a success.
This e-learning course is designed to give lawyers a basic introduction to financial analysis and interpretation. It covers the most common key performance indicators (KPI), how to calculate them and what they mean.
If you need a refresher of the basics of financial reporting click here:
Content
Our financial analysis and interpretation for Lawyers course provides an overview to the accounting concepts and terminology used by CFO’s, accountants and auditors when preparing financial statements.
The course covers:
- The main categories of Key Performance Indicators (KPI)
- Profitability
- Liquidity
- Solvency
- Investor
- Jargon busting explanations of the most common KPIs
- The difference between gross profit %, operating profit % and net profit %
- What are PBIT and EBIT?
- What is gearing and why is it important?
- Worked examples showing how to calculate each of the KPIs
Our KPI module is also useful as a quick reference tool, as you can search particular KPIs alphabetically or by category.
Outcomes
You will:
- begin to overcome any fears you have of a company’s accounts
- understand the most common KPIs and know how they are worked out
- know what the most common KPIs tell you
- develop your ability to analyse and interpret accounts at a basic level
Duration
1 hour
Delegates
Trainees and fee earners who ‘know they should know this stuff’ but find it hard to get to grips with the numbers. This course is the ideal starting point if they want to improve their commercial awareness.
