(Webinar) Accounting for Lawyers

Tuesday, August 1, 2023 | 9:00 am – 12:15 pm

Register For Live Webinar

Program Co-Instructors:
Howard H. Fine, Partner-in-Charge of the Accounting & Auditing Group

Dean L. Surkin, Tax Director, 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:

    • 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
    • Effect of COVID-19 issues on financial statements
    • 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 For Members | $329 For Nonmembers

  • 9:00 am – 9:10 am
    Introduction of Financial Statements 

    9:10 am – 9:15 am
    Overview of Generally Accepted Accounting Principles (GAAP)

    9:15 am – 9:55 am
    How to Read:

    • Levels of Accountant’s Report
    • The Balance Sheet
    • The Statement of Income and Retained Earnings
    • The Statement of Cash Flows
    • The Notes to the Financial Statements

    9:55 am – 10:10 am
    Examples of Financial Statements by Different Industries

    10:10 am– 10:30 am
    How to Analyze Financial Statements for Key Indicators & Financial Statement Ratios

    10:30 am– 10:40 am
    Current Developments

    10:40 am– 10:55 am
    Fraud Issues on Financial Statements

    10:55 am – 11:00 am
    Break

    11:00 am – 11:40 am
    How to Read a Tax Return

    • Tax forms associated with different entities
    • Identifying sources of income
    • Tax deductions that do not equal economic outlay
    • Differences between financial accounting and tax accounting

    11:40 am – 12:05 pm
    Discoverability of Tax Returns

    • Federal statutes
    • Case law
    • Will a tax return answer your questions

    12:05 pm  – 12:15 pm
    Question/Answer Session

  • New York: 3.5 SkillsNew Jersey: 3.8 GeneralCalifornia: 3.5 GeneralPennsylvania: 3.0 General

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

Register For Live Webinar