How to Read and Understand As a Financial Statement and Tax Return

Program Co-Instructors:

Howard H. Fine | Partner-in-Charge | Accounting & Auditing Group  & Kevin Leifer | Tax Director | Gettry Marcus CPA, P.C.

• Description
• Agenda
• CLE Credit
• Sponsors

• A greater understanding of the client’s financial matters allows the attorney to better service the client and to possibly generate additional services for the client and billings for the law firm.

  This program is a comprehensive seminar, designed to familiarize the attorney with the structure and contents of the client’s financial statements.

  Items to be covered in this program include:

  • Overview and Purposes of Financial Statements
  • Types of Financial Statements
  • Levels of Accountant’s Report
  • Contents of Financial Statements
  • Overview of Tax Returns of Various Business Entities
  • Common Differences Between Financial Statement and Tax Return Reporting

  Live Program & Webcast: $229 Member | $329 Nonmember

  Register for the Live Program
  Register for the Live Webcast
  Print Registration Form

   

  Register for the Live Program
  Register for the Live Webcast
  Print Registration Form

• 9:00 am – 9:05 am	Overview & Purposes of Financial Statements
  9:05 am – 9:20 am	Types of Financial Statements Historical Projections and Forecasts Pro-forma Specified Elements
  9:20 am – 9:35 am	Levels of Accountant’s Report Audit Review Compilation “Prepared” Agreed Upon Procedures
  9:35 am – 10:05 am	Contents of Financial Statements Balance Sheet Statement of Operations Statement of Cash Flow Statement of Shareholders Equity Notes to the Financial Statements Supplementary Information
  10:05 am – 10:10 am	Users of Financial Statements
  10:10 am – 10:25 am	Basis of Accounting Accrual basis Income tax or cash basis Liquidation basis
  10:25 am – 10:35 am	Break
  10:35 am – 10:50 am	Fraud Issues on Financial Statements Accountant’s Responsibility Fraudulent Financial Statements v. Asset Misappropriation Common Areas of Fraudulent Financial Statements
  10:50 am– 10:55 am	Q & A
  10:55 am – 11:00 am	Introduction to Understanding a Tax Return
  11:00 am– 11:10 am	Schedule M-3 (Common Book – Tax Differences)
  11:10 am – 11:40 am	Overview of Entity Tax Returns C Corporations S Corporations Partnerships
  11:40 am – 11:45 am	Q & A

• CLE Credit:
  NY: 3.0 skills
  NJ: 3.1 general
  CA: 3.0 general
  PA: 2.5 general

  NY CPE Credit: 3.0 credits in auditing

  Register for the Live Program
  Register for the Live Webcast
  Print Registration Form

•  Sponsorship Opportunities are Available! Please Contact:

  Maricela Alfonso| Membership and CLE Relations Associate| (212) 382-6608 | MAlfonso@nycbar.org

  ______________________________________________________________

  Register for the Live Program
  Register for the Live Webcast
  Print Registration Form