See Credit Details Below
Overview
Designed for lawyers of all experience levels, this program will review which common accounting concepts emerge in legal work and what lawyers should consider when encountering them. Having a basic knowledge of accounting concepts empowers lawyers in their practice, allowing them to better understand the full picture of legal matters they work on that involve elements of accounting or finance.
Experts in the legal and accounting professions will lead attendees through practical segment discussions, taking an in-depth look at the elements of varying financial statements and what they really reveal about the entity overall. There will be segments addressing how to best use financial statements and other financial documentation in forensic investigations, as well as in calculating damages. Additionally, attendees will have the opportunity to learn the ethics mistakes that should be avoided when dealing with accounting.
What You Will Learn
- Understanding Generally Accepted Accounting Principles (GAAP)
- Learning the accounting cycle
- How to read the balance sheet, income statement, statement of cash flows, and notes to the financial statements
- Ethical considerations in working with financial experts
- Regulatory changes and views from those impacted or involved in the changes
- Tax accounting vs book accounting
- Accounting fraud and damages calculations
Special Feature
- Earn one hour of Ethics CLE credit
Program Level: Overview
Intended Audience: Lawyers of all experience levels
Prerequisites: None
Advanced Prep: None
Lecture Topics [Total time 00:12:30]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Opening Remarks* [00:07:52]
Lawrence M. Cirelli, Tim Sherman - The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks [01:02:45]
Tim Sherman, Lesley E. Weaver, Dan Winter - Anatomy of the Balance Sheet [01:31:00]
Lawrence M. Cirelli, Terry Lloyd - Physiology of the Income Statement [01:29:55]
Duane Campbell, Brett Kumm - Insights from the Statement of Cash Flows [01:30:45]
Terry Lloyd, Lyndsey C. Heaton - Notes to the Financial Statements [01:00:47]
Tim Sherman, Rachel B. Proffitt - Regulatory and Enforcement Trends and Update [01:00:47]
Daniel H.R. Laguardia, Todd Rahn - Accounting Fraud, Damages Calculation and Forensic Investigations [01:00:52]
Jonathan Carey, A. Christine Davis - Tax Accounting vs. Financial Accounting [01:01:02]
Christopher A. Karachale, Jessica Williams, Michael E. Brodsky - Current Topics in Professional Ethics for Accountants and Attorneys [01:30:15]
Lawrence M. Cirelli, Tim Sherman, Matthew S. Kahn, Brent E. Johnson, Terry Lloyd
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- COMPLETE COURSE HANDBOOK
- The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Framework
John J. Carney, Matthew B. Greenblatt - The Balance Sheet (Outline)
Lawrence M. Cirelli - Anatomy of the Balance Sheet—On and Off Activity
Richard J. Bernard, Lisa M. Collura - Physiology of the Income Statement—Historical Perspective of the Last 100 Years (March 5, 2020)
Duane Campbell, Brett Kumm - John L. Scott, Clara Chin and Edith Wong, The Importance of Cash Flows in Evaluating Financial Statements
John L. Scott, Edith Wong - Notes to the Financial Statements
Jimmy Fokas, Tara A. Mulkeen - Notes to Financial Statements: The Rest of the Story
Tim Sherman - Todd Rahn, Mackenzie Stack and Sarah McPike, Regulatory Trends—Recently Implemented Regulations, Regulations on the Horizon, and Enforcement (March 20, 2020)
Todd Rahn - Daniel H.R. Laguardia and Alexander P. Sanyshyn, Trends and Areas of Focus in Recent Securities and Exchange Commission Enforcement (March 3, 2020)
Daniel H.R. Laguardia - When the Story’s in the Numbers: Forensic Accounting in the Context of Litigation
A. Christine Davis - “Is Jeff Bezos Wrong to Ban PowerPoint?,” LegalVision (June 20, 2018), available at: http://www.legalvisionsf.com/blog009isjeffbezoswrongtobanpowerpoint.html
Jonathan Carey - “10 Steps to a Winning Presentation in Arbitration,” LegalVision (October 5, 2016), available at: http://www.legalvisionsf.com/blog006stepstowinarbitration.html
Jonathan Carey - “Can ‘Red Teaming’ Improve Trial Outcomes?,” LegalVision (May 24, 2016), available at: http://www.legalvisionsf.com/blog004redteamingtoimprovetrialoutcomes.html
Jonathan Carey - “Graphics Help Lawyer Show Client That, Sometimes, Losing Is Winning,” LegalVision (March 17, 2015), available at: http://www.legalvisionsf.com/blog002losingiswinning.html
Jonathan Carey - “The Curse of Knowledge,” LegalVision (October 23, 2014), available at: http://www.legalvisionsf.com/blog001curseofknowledge.html
Jonathan Carey - PwC LLP, Publication, Accounting Guide: Income Taxes (Updated April 2019)
Peter Foster - PwC LLP, Publication, In Depth, FASB Simplifies Accounting for Income Taxes, No. US2019-19 (December 18, 2019)
Peter Foster
Presentation Material
- The Accounting Cycle and Comparative Accounting: IFRS
Tim Sherman - Accounting, Auditing and the Levels of Reporting
Dan Winter - The Balance Sheet
Lawrence M. Cirelli, Terry Lloyd - Physiology of the Income Statement
Duane Campbell, Brett Kumm - Using the Statement of Cash Flows in Legal Practice
Lyndsey C. Heaton, Terry Lloyd - Notes to Financial Statements: The Rest of the Story
Tim Sherman - Regulatory and Enforcement Trends
Daniel H.R. Laguardia, Todd Rahn - Accounting Fraud Poll
Jonathan Carey, A. Christine Davis - How to Calculate and Present Damages to Non-CPAs
Jonathan Carey - Forensic Accounting in Litigation Support and Financial Investigations
A. Christine Davis - Tax Accounting vs. Financial Accounting
Michael E. Brodsky, Christopher A. Karachale, Jessica Williams - Tax Accounting vs. Financial Accounting
Michael E. Brodsky, Christopher A. Karachale, Jessica Williams - Current Topics in Professional Ethics for Accountants and Attorneys
Lawrence M. Cirelli, Brent E. Johnson, Matthew S. Kahn, Terry Lloyd, Tim Sherman - Key Obligations and Rules of Professional Conduct Governing Attorneys and Accountants
Lawrence M. Cirelli, Brent E. Johnson, Matthew S. Kahn, Terry Lloyd, Tim Sherman
Why You Should Attend
Designed for lawyers of all experience levels, this program will review which common accounting concepts emerge in legal work and what lawyers should consider when encountering them. Having a basic knowledge of accounting concepts empowers lawyers in their practice, allowing them to better understand the full picture of legal matters they work on that involve elements of accounting or finance.
Experts in the legal and accounting professions will lead attendees through practical segment discussions, taking an in-depth look at the elements of varying financial statements and what they really reveal about the entity overall. There will be segments addressing how to best use financial statements and other financial documentation in forensic investigations, as well as in calculating damages. Additionally, attendees will have the opportunity to learn the ethics mistakes that should be avoided when dealing with accounting.
What You Will Learn
- Understanding Generally Accepted Accounting Principles (GAAP)
- Learning the accounting cycle
- How to read the balance sheet, income statement, statement of cash flows, and notes to the financial statements
- Ethical considerations in working with financial experts
- Regulatory changes and views from those impacted or involved in the changes
- Tax accounting vs book accounting
- Accounting fraud and damages calculations
Special Feature
- Earn one hour of Ethics CLE credit
Who Should Attend
Attorneys at all levels who are interested in learning basic accounting, as well as those operating in practice areas where financial and accounting concepts arise.
Program Level: Overview
Intended Audience: Lawyers of all experience levels
Prerequisites: None
Advanced Prep: None