LIVE WEBCAST
Accounting for Lawyers
Tuesday, July 27, 2021 | 9:00 am - 12:00 pm
For New York Attorneys:
Newly admitted attorneys (those admitted to the New York State Bar for
two years or less) may participate in Skills CLE courses in live,
nontraditional formats, where questions are allowed during the program
(through December 31, 2021 per recent guidance of the CLE Board – for
more information, click here).
Program Fee:
$229 for Members | $329 for Nonmembers
Members who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and 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: 3.5 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed Attorneys
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:
- Introduction of Financial Statements
- Types of Financial Statements
- Users of Financial Statements
- Overview of Generally Accepted Accounting Principles (GAAP)
- How to read:
- Level of Accountant’s Reports
- 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
- Effect of COVID-19 issues on financial statements
- Fraud issues on financial statements
- How to read a tax return
- Tax forms associated with different entities
- Identifying sources of income
- Tax deductions that do no 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.