Accounting for Lawyers

Originally held on Wednesday, August 1, 2018 | 9:00 a.m. – 12:00 p.m.

 

 

Program Co-Instructors:

Steven J. Eller

Steven J. Eller
Partner
Gettry Marcus CPA, P.C.
 

Howard H. Fine

Howard H. Fine
Partner-in-Charge of the
Accounting & Auditing Group
Gettry Marcus CPA, P.C.

  • 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)
    • Overview of Generally Accepted Auditing Standards (GAAS)
    • How to read:
      • The Balance Sheet
      • The Income Statement
      • The Statement of Cash Flows
      • The Notes to the Financial Statements
    • Accounting for Income Taxes
    • Recent Accounting Developments

    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.

    OnDemand: $179 for Members | $279 for Nonmembers

  • 9:00 am – 9:15 am Introduction & Overview of Generally Accepted Accounting Principles (GAAP)
    9:15 am – 9:30 am Overview of Generally Accepted Auditing Standards (GAAS)
    9:30 am – 10:40 am How to Read:

    • The Balance Sheet
    • The Income Statement
    • The Statement of Cash Flows
    • The Notes to the Financial Statements
    10:40 am – 10:45 am Introduction to Accounting for Income Taxes
    10:45 am – 10:55 am Book-Tax Differences

    • Permanent
    • Temporary
    10:55 am – 11:00 am Break
    11:00 am – 11:20 am Calculating the Provision for Income Taxes

    • Current Provision
    • Deferred Provision
    11:20 am – 11:30 am Valuation Allowances
    11:30 am – 11:40 am Accounting for Uncertain Tax Positions 
    11:40 am – 11:45 am Financial Statement Presentation
    11:45 am – 11:55 am Recent Accounting Developments
    11:55 am – 12:00 pm Question/Answer Session

  • CLE Credit
    NY: 3.5 skills
    NJ: 3.5 general
    CA: 2.5 general
    PA: 2.5 general

  • Sponsorship Opportunities are Available! Please Contact:
    Kim Howard, Manager of Membership & Marketing | (212) 382-6753 | KHoward@nycbar.org

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