---
esco_uri: http://data.europa.eu/esco/skill/4a460161-eaea-4fe2-bd0e-164ccc635be1
esco_label: "financial statements"
relation: optional
onet_soc: 23-1011.00
source: model-knowledge
confidence: high
qa_count: 0
generator: gemma3:27b (prompt-designed and spot-checked by Claude)
generated: 2026-07-10
---

# financial statements — Legal Counsel

For Legal Counsel, 'financial statements' competence isn’t about *preparing* them – that’s the accountants’ job. It’s about rapidly understanding what they *mean* within a legal context. Daily tasks involve reviewing these documents (balance sheets, income statements, cash flow statements, SOCE, and notes) during due diligence for M&A, assessing solvency in bankruptcy/restructuring cases, verifying asset values in disputes, or evaluating the financial health of a counterparty when negotiating contracts. You're looking for red flags – declining revenue trends, increasing debt, unusual accounting practices – that could impact legal risk or opportunity.

## Weitere Anreicherung

Stage-2 source for future practitioner grounding: CORE / DOAB (open-access law monographs).
