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Overview
Gain a Practical Understanding of Accounting and its Relevance for Transaction, Litigation, and Management Attorneys
Do you understand basic accounting terms, ratios, and statements? Can you apply this knowledge to create a clear understanding of the overall financial picture? It is imperative that attorneys are able to develop a working understanding and analytical framework of accounting terminology to strengthen their background and avoid unintentional accounting errors. This course will teach you the basics of accounting so you can be knowledgeable when reviewing statements and identifying red flags. Don't put yourself at risk - register today!
- Build your understanding of financial statements: gain perspective on calculating important ratios and how they're interconnected.
- Recognize potential red flags: hone your error detection skills with help from seasoned experts.
- Interpret income statements and cash flow to accurately determine profitability and liquidity.
- Develop an accounting vocabulary to ensure clear communication with financial professionals.
- Get a primer in accounting standards and fundamental principles to understand the "lay of the land" for financials.
- Understand how accounting documents vary depending on the business's entity structure.
- Learn how forensic accounting methods are used for finding hidden assets in divorce.
- Mitigate your liability when dealing with financial statements and accounting documentation.
Abbreviated Agenda
- Understanding Basic Accounting Concepts and Reading Financial Statements
- Analyzing Financial Statements: Calculating and Interpreting the Numbers
- Accounting and Tax Return Analysis for Different Entities
- Law Office Accounting and Management
- Dealing With the IRS
- Identifying Fraud and Forensic Accounting
- Complying With Ethical Standards
- Using Accounting and Financial Records as Evidence
Can't Attend Live?
Get the OnDemand Instead
Watch the recording of this event on your own schedule. We'll notify you when its ready.
Credit Details
Credits Available
| Credit | Status | Total |
|---|---|---|
| Alaska CLE |
|
6 Total |
| Alabama CLE |
|
6 Total |
| Arkansas CLE |
|
6 Total |
| Arizona CLE |
|
6 Total |
| California CLE |
|
6 Total |
| Colorado CLE |
|
7 Total |
| Connecticut CLE |
|
6 Total |
| Delaware CLE |
|
6 Total |
| Florida CLE |
|
7 Total |
| Georgia CLE |
|
6 Total |
| Hawaii CLE |
|
6 Total |
| Iowa CLE |
|
6 Total |
| Idaho CLE |
|
6 Total |
| Illinois CLE |
|
6 Total |
| Indiana CLE |
|
6 Total |
| Kansas CLE |
|
7 Total |
| Kentucky CLE |
|
6 Total |
| Louisiana CLE |
|
6 Total |
| Maine CLE |
|
6 Total |
| Minnesota CLE |
|
6 Total |
| Missouri CLE |
|
7.2 Total |
| Northern Mariana Islands CLE |
|
6 Total |
| Mississippi CLE |
|
6 Total |
| Montana CLE |
|
6 Total |
| North Carolina CLE |
|
6 Total |
| North Dakota CLE |
|
6 Total |
| Nebraska CLE |
|
6 Total |
| New Hampshire CLE |
|
6 Total |
| New Jersey CLE |
|
7.2 Total |
| New Mexico CLE |
|
6 Total |
| Nevada CLE |
|
6 Total |
| New York CLE |
|
7 Total |
| Ohio CLE |
|
6 Total |
| Oklahoma CLE |
|
7 Total |
| Oregon CLE |
|
6 Total |
| Pennsylvania CLE |
|
6 Total |
| Rhode Island CLE |
|
7 Total |
| South Carolina CLE |
|
6 Total |
| Tennessee CLE |
|
6 Total |
| Texas CLE |
|
6 Total |
| Utah CLE |
|
6 Total |
| Virginia CLE |
|
6 Total |
| Vermont CLE |
|
6 Total |
| Washington CLE |
|
6 Total |
| Wisconsin CLE |
|
7 Total |
| West Virginia CLE |
|
7.2 Total |
| Wyoming CLE |
|
6 Total |
| Arizona CPE for Accountants |
|
7 Total |
| New York CPE for Accountants |
|
7 Total |
| Washington CPE for Accountants |
|
7 Total |
| Wisconsin CPE for Accountants |
|
7.2 Total |
| CPE for Accountants/NASBA |
|
7 Total |
Select Jurisdiction
CLE
Other
Agenda
-
Understanding Basic Accounting Concepts and Reading Financial Statements
- Comprehending Accounting Terms
- How to Read Financial Statements
- Balance Sheet
- Income Statement
- Statement of Cash Flows
- Relationship Between Statements
- Understanding GAAP and Other Accounting Styles
-
Analyzing Financial Statements: Calculating and Interpreting the Numbers
- Liquidity Analysis
- Profitability Analysis
- Activity Analysis
- Capital Structure
- Capital Market
-
Accounting and Tax Return Analysis for Different Entities
- Sole Proprietorships
- C-Corporations
- S-Corporations
- Partnerships
- Limited Liability Companies
-
Law Office Accounting and Management
- General Features
- Accounting Problems
- Financing Problems
- Basic Chart of Accounts
- Tax Issues
-
Dealing With the IRS
- An Overview of the IRS Examination Process
- Different Types of Audits
- Audits of Individual Returns
- Audits of Business Returns
- Audits of Other Returns
- Preparing for an Audit: An Organized Approach
- Collection Procedures
-
Identifying Fraud and Forensic Accounting
- Detecting Red Flags
- Preventing Attorney Liability
- Understanding the Difference in Prepared Financial Statements
- Fraud Detection and Prevention
- The Fraud Triangle
- Types of Fraud
- Steps in Conducting a Fraud Investigation
- Internal Controls
- Divorce: Hidden Income Analysis
- Expenditure Method
- Net Worth Method
- Bank Deposit Method
-
Complying With Ethical Standards
- Confidentiality
- Attorney-Client Privilege
- Work Product Doctrine
- Protecting Confidentiality, Privilege, and Work Product Doctrine When Working With Accountants and Tax Advisors
- Conflicts of Interest
- Reporting Professional Misconduct
-
Using Accounting and Financial Records as Evidence
- Obtaining Vital Documents
- Introducing Financials at Trial
- Evidentiary Pitfalls
- Identifying Potential Experts
- Preparing an Accountant for Trial
Who Should Attend
This program will provide attorneys with a comprehensive overview and offer a practical understanding of financial records and accounting methods. It will also benefit business owners, law office administrators, accountants, bankers/loan officers, and paralegals.
Speakers
Speaker bio
John M. Samberg
is a partner with Samberg Law. In more than 40 years of practice, Mr. Samberg has handled a broad range of matters, including commercial, construction, bankruptcy, real estate, creditors’ rights, personal injury, and wrongful death cases. He has litigated in state, federal, and bankruptcy courts across the country and has first-chair jury trial experience in banking, residential construction defect, realtor breach of fiduciary duty, personal injury, and wrongful death matters. He has also handled numerous bench trials, bankruptcy adversary proceedings, binding arbitrations, and mediations involving medical malpractice, real estate transactions and boundary disputes, and commercial and residential construction defect claims. Mr. Samberg holds a Martindale-Hubbell AV rating and is a member of the bars of California, Nevada, and England and Wales (inactive). Based in Reno, he practices in both California and Nevada. Before entering the practice of law, Mr. Samberg was a licensed private investigator, a background and training that have proven invaluable in his litigation and trial practice. Mr. Samberg earned his undergraduate degree from UCLA and graduated, magna cum laude, from Southwestern University School of Law. As a Dean’s Scholar, he earned numerous American Jurisprudence Awards and won two national moot court championships. He graduated fourth in his class and was admitted directly into the National Chapter of the Order of Barristers. Mr. Samberg is also a frequent speaker at educational seminars.
Speaker bio
Janathan L. Allen
is a partner with Allen Barron, Inc., an estate planning and financial advisory firm located in San Diego. She is also senior partner at Janathan L. Allen, APC. Ms. Allen has an extensive international tax, accounting, finance and legal background, and has worked with a diverse group of businesses advising clients in legal, financial and tax arenas. She began her career in the public accounting arena and then moved into the private sector as tax director for a biotech firm, Hybritech, Inc. Ms. Allen progressed to controller and CFO/legal counsel positions for a number of San Diego companies before becoming a partner at Allen Barron, Inc. and founding Janathan L. Allen, APC. Ms. Allen earned her B.S. degree from the University of Montana, her M.B.A. degree from the University of San Diego, her LL.M. degree from the University of San Diego School of Law, San Diego, California and her J.D. degree from Southwestern University School of Law, Los Angeles, California.
Speaker bio
Michele Avery
is a partner with Carr, Riggs & Ingram CPAs and Advisors. Her experience includes business valuations for sales transactions, management buy-ins and buyouts, marital dissolution proceedings, shareholder disputes, buy/sell agreements, and estate and gift matters. In addition to her valuation practice, Ms. Avery also provides expert reports for litigation proceedings that are concerned with lost profits, shareholder disputes, marital dissolution proceedings and insurance claims. She is a member of the American Institute of Certified Public Accountants, Society of Louisiana Certified Public Accountants, National Association of Certified Valuation Analysts, Business Valuation and Litigation Services Committee of Louisiana CPA Society, Estate and Financial Planning Committee of Louisiana CPA Society, North Shore Estate and Financial Planning Society, and North Shore Chapter of the Louisiana CPA Society. Ms. Avery has written and lectured extensively on the topic of business valuation. She earned her B.A. degree from the University of Wisconsin and her M.B.A. degree from Louisiana State University. Ms. Avery has more than 20 years of business valuation and forensic accounting experience.
Speaker bio
Mark S. Cherry
is a self-employed attorney and certified public accountant in a general practice law firm in Cherry Hill, New Jersey. His firm has extensive experience in foreclosure prevention, real estate, tax law, and bankruptcy law. Mr. Cherry is admitted to practice in New Jersey, Pennsylvania, federal district courts, bankruptcy court, Federal Court of Appeals, and U.S. Tax Court. He is also qualified as a Certified Valuation Analyst (CVA) in business valuation and a Master Analyst in Financial Forensics (MAFF). Mr. Cherry is a member of the American Institute of Certified Public Accountants (AICPA) and American Association of Attorney-Certified Public Accountants (AAA-CPA). He earned his J.D. degree from the Delaware Law School of Widener University and his B.B.A. degree from Temple University (Moot Court Honor Society).
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