Accounting for Lawyers

Thursday, July 18, 2024 | 9:30 am – 12:45 pm

Format: Webinar

• Description
• Agenda
• CLE Credit
• Sponsors

• 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
  • Current developments
  • 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.

  Program Fee:
  $229 NYC Bar Members | $329 for Nonmembers

• TBD

• New York: 3.5 Skills
  New Jersey: TBD
  California: TBD
  Pennsylvania: TBD
  Connecticut: Available to Licensed Attorneys

• Sponsorship Opportunities are Available! Please Contact:
  Yelena Balashchenko, Manager, Business Development & Sponsorships | (212) 382-6608 | ybalashchenko@nycbar.org