Course 1

Course Timings
Registration will commence at 08.00 on fi rst day of each course. The courses will begin at 08.30 each day and conclude at 14.30 for lunch. There will be breaks for refreshments at approximately 10.30 and 12.30 each day.

Course Introduction
The goal of these two complementary courses is to provide fi nancial and accounting language to legal practitioners who would in turn be able to understand, communicate, structure and document a variety of transactions and concepts. The materials encompass a range of financial topics and will combine the legal concepts or concerns that may be related to the topics. The lectures will be interactive and there is a general aim to employ one financial case for the class to read, comment and work on.

Day One – Sunday, 4 October 2009

Fundamentals Of Financial Accounting

• Conventions of conservatism, objectivity and matching
• Concepts of goodwill, purchase or pooling
• Financial statement analysis

Interest Rates

• Nominal and real rates of interest
• Term structure of interest rates
• Truth in lending and effective interest rates

Fundamentals Of Finance

• Comparing time horizons
• Comparing risk

Time Adjustment

• Present and future values
• Annuities and perpetuities
• Bonds and stock valuation
• Certain applications
  • Retirement or pension planning
  • Cost Benefi t Analysis (CBA)
  • Valuation of life/medical claims