How to Read and Understand a Financial Statement and Tax Return

Friday, November 1, 2019 | 9:00 a.m. – 12:00 p.m.

Program Co-Instructors:
Howard H. Fine CPA/ABV/CFF, CVA Partner-in-Charge of the Accounting & Auditing Group Gettry Marcus CPA, P.C.	Dean L. Surkin, JD, LLM 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 comprehensive seminar is designed to familiarize the attorney with the structure and contents of the client’s financial statements and tax returns. 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 for Various Business Entities
  • Common Differences between Financial Statement and Tax Return Reporting

  
  Live Program & Webcast: $229 for Members | $329 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.	Overview and Purposes of Financial Statements Users of Financial Statements Historical v. Forecasts and Projections
  9:15 a.m. – 9:30 a.m.	Levels of Accountant’s Report Audit Review Compilation “Prepared”
  9:30 a.m. – 10:20 a.m.	Contents of Financial Statements Basis of Accounting (Accrual v. Cash) Balance Sheet Statement of Operations Statement of Cash Flow Statement of Shareholders’ Equity Notes to the Financial Statements Supplementary Information
  10:20 a.m. – 10:30 a.m.	Break
  10:30 a.m. – 10:50 a.m.	Fraud Issues on Financial Statements Fraudulent Financial Statements v. Asset Misappropriation Common Areas of Fraudulent Financial Statements
  10:50 a.m. – 11:00 a.m.	Q & A
  11:00 a.m. – 11:30 a.m.	Introduction to Understanding a Tax Return Overview of Entity Tax Returns C Corporations S Corporations Partnerships Effects of New Tax Law
  11:30 a.m.– 11:50 a.m.	Differences Between Financial Statements & Tax Returns
  11:50 a.m. – 12:00 p.m.	Q & A

• CLE Credit
  New York: 3.0 Skills 
  New Jersey: 3.4 General
  California: 3.0 General
  Pennsylvania: 2.5 General

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