Accounting for Lawyers

Originally held on Thursday, August 1, 2019 | 9:00 a.m. – 12:00 p.m.

Purchase OnDemand
Program Co-Chairs:

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

Steven J. Eller
Tax Partner
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)
    • 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
    • Differences Between C Corps, S Corps, and LLC’s
    • New Tax Law Key Changes:
      • C Corps
      • Pass Thru Entities
      • QBI

    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

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2017-2019), In-House/Corporate Counsel, Judges (and their staff who are also members), or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • 9:00 a.m. – 9:15 a.m. Introduction & Overview of Generally Accepted Accounting Principles (GAAP)
    9:15 a.m. – 10:05 a.m. How to Read:

    • The Balance Sheet
    • The Income Statement
    • The Statement of Cash Flows
    • The Notes to the Financial Statements
    10:05 a.m. – 10:20 a.m. Examples of Financial Statements by Different Industries
    10:20 a.m. – 10:35 a.m. How to Analyze Financial Statements for Key Indicators & Financial Statement Ratios
    10:35 a.m. – 10:40 a.m. Break
    10:40 a.m. – 10:50 a.m. Recent Accounting Developments
    10:50 a.m. – 10:55 a.m. How to Read a Tax Return
    10:55 a.m. – 11:10 a.m. Differences Between C Corps, S Corps, and LLC’s
    11:10 a.m. – 11:55 a.m. New Tax Law Key Changes:

    • C Corps
    • Pass Thru Entities
    • QBI

  • CLE Credit
    New York:     3.0 Skills
    New Jersey:     3.5 General
    California:     2.5 General
    Pennsylvania:     2.5 General

    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.

  • Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

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