4 May 2016 PDC Seminar on Understanding Annual Reports And Its Financial Statements Organised by the KLBC Professional Development Committee (PDC), this seminar was presented by Lim Kien Chai on 4 May 2016 at the KL Bar Auditorium from 9:30 am to 4:30 pm. The seminar was attended by 41 participants. The seminar covered, amongst others, "Introductory on its importance", "Accounting jargons made understandable for lawyers", "What are the components of Annual Report?", "What are these: ledger accounts, journal entries, double-entries, T-accounts?", "Why this term “Trial Balance”?", "Why this term “Balance Sheet”?", "What are the salient features of a Balance Sheet?", "What are and the types of Assets?", "What are and the types of Liabilities?", and "Are Balance Sheet’s liabilities an indication of “not good” financial position and/or poor financial management”. 6 May 2016 Courtesy