On the afternoon of December 14, 2023, the lecture "How Lawyers Can Quickly Understand Financial Statements and Legal Practice Applications" was successfully held at JAVY Law Firm's E2 Building. The lecture, delivered by Partner Xue Jing, was also broadcast live on JAVY’s video channel.
Financial statements, as the primary carriers of business operation information, are crucial for lawyers in negotiations, due diligence, and risk assessment. Xue explained the following four aspects:
1. Introduction to the three major financial statements
2. Balance Sheet
3. Income Statement
4. Rational interpretation of financial statement data
To apply financial knowledge to legal practice, Xue detailed the frameworks of the balance sheet, income statement, and cash flow statement, interpreting key items from both financial and legal perspectives.
Using simple charts and formulas, Xue vividly explained the balance sheet and accounting equation, relating them to everyday scenarios.
Finally, he addressed the "accrual basis of accounting" and the impact of different accounting policies, illustrating how to rationally interpret financial statement data.
During the interactive session, lawyers actively asked questions about practical legal issues. Xue Jing’s professional insights and answers received high praise, with participants expressing that they found the lecture highly beneficial.
JAVY is dedicated to fostering platforms for lawyers to interact with top law firms and industry experts, promoting personal development and enhancing legal knowledge and skills.
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