Course ID: 19146 | Course Duration: 1 Day

Accounting 101 for Attorneys Training Class

Course ID: 19146

Accounting 101 for Attorneys Training Seminar

Gain a practical understanding of accounting and the relevance it has to your practice.

Do you understand basic accounting terms, ratios and statements? Can you apply this knowledge to create a clear understanding of the overall picture? Do you know how to identify red flags in accounting records? 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, involuntary accounting scandals. This course will teach you the basics of accounting so you can be knowledgeable when examining statements and identifying red flags. Don't put yourself at risk-register today!

Enhance your credibility with experts and clients by understanding common accounting terms.
Build your understanding of financial statements: Gain perspective on calculating important ratios and how they're interconnected.
Recognize potential red flags: Hone your fraud detection skills by examining accounting records.
Know which financial records contain evidence vital to your case and how to legally obtain them.
Optimize key expert witness testimony with proven selection and preparation techniques.
Develop an accounting vocabulary that ensures proper usage in litigation to help you win your case.


	Agenda
	UNDERSTANDING BASIC ACCOUNTING CONCEPTS Nancy J. Orben, 9:00 - 10:15 Comprehending Accounting Terms Understanding the GAAP and Other Accounting Styles Examining Financial Statements Balance Sheet Income Statement Statement of Cash Flows Relationship Between Statements ANALYZING FINANCIAL STATEMENTS James C. Frooman, 10:30 - 11:45 Calculating and Interpreting the Numbers Liquidity Analysis Profitability Analysis Activity Analysis Capital Structure Capital Markets IDENTIFYING FRAUD Robert L. Hesch, 12:45 - 2:00 Show Examples of Records Containing Red Flags Adhering to Attorney Liability Applying Knowledge in Case Studies USING ACCOUNTING AND FINANCIAL RECORDS AS EVIDENCE James K. Hemenway, 2:00 - 3:15 Obtaining Vital Documents Identifying Potential Experts Preparing an Accountant for Trial COMPLYING WITH ETHICAL STANDARDS Robert G. Hyland, 3:30 - 4:30 Realizing Accountants' Ethical Measures Respecting Confidentiality Obeying Disclosure Rules and Requirements Use and Misuse of Accounting Language by Attorneys

Audience

This basic-to-intermediate level seminar will provide a comprehensive overview and offer a practical understanding of financial records and accounting methods to the following: