Accounting for Lawyers

New York City Bar
Accounting for Lawyers (OnDemand)
Originally held on Thursday, July 30, 2020 | 9:00 am - 12:00 pm
 
Program Fee:
$69 for Members | $169 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), In-House/Corporate Counsel, Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

CLE Credit:
New York: 3.5 Skills
New Jersey: 3.5 General
California: 2.5 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed Attorneys

Please Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see http://www.nycourts.gov/attorneys/cle/changes_for_2016.shtml.


Description:
Whether you’re a transactional attorney or a litigator, when financial and accounting records emerge in the legal matter you’re handling, it helps to know some accounting basics. The numbers always tell a story—one that may support your legal position.

This basic level program will provide an overview for the non-accountant attorney of key accounting principles including:

  • Overview of Generally Accepted Accounting Principles (GAAP)
  • How to read:
    • The Balance Sheet
    • The Income Statement
    • The Statement of Cash Flows
    • The Notes to the Financial Statements
  • Examples of financial statements by different industries
  • How to analyze financial statements for key indicators and financial statement ratios
  • Recent Accounting Developments
  • How to read a tax return
    • Tax forms associated with different entities
    • Identifying sources of income
    • Tax deductions that do not equal economic outlay
    • Differences between financial accounting and tax accounting
  • Discoverability of tax returns
    • Federal statutes
    • Case law
    • Will a tax return answer your questions

Attendees of this program will be able to recognize the relevant accounting principles at work and how they may impact the outcome of legal matters.

Click Here to View Program Agenda & Faculty

Program Co-Instructors:
Howard H. Fine, Partner-in-Charge of the Accounting & Auditing Group
Dean L. Surkin
, Tax Director, Gettry Marcus CPA, P.C.


Where
New York City Bar 42 West 44th St New York, NY 10036


Thursday, 30 July 2020

 

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