Accounting is a language of business. Because attorneys encounter accounting information in a wide range of legal issues, it is critical for lawyers to understand financial statements and core accounting concepts. This practical course, specifically designed for the non-accountant attorney, will provide an understanding of financial statements and the key principles of accounting, using “real life” examples of accounting issues that attorneys commonly face. Whether you are in-house or external counsel,
Basics of Accounting for Lawyers 2012 will help you to help your company or clients.
Basics of Accounting for Lawyers will also offer insight into the effective use of financial experts, accounting and financial issues where attorneys can put themselves at risk, and current accounting and business “hot” topics.
Lecture Topics [Total time 11:49:03]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Program Introduction and Overview* [00:11:04]
Jorge A. Amador, Karen Kincaid Balmer
- GAAP and IFRS, the Accounting Cycle, and GAAS - Why They Are Important [01:33:56]
Karen Kincaid Balmer, Jorge A. Amador
- Anatomy of the Balance Sheet [01:43:40]
Colleen Vallen, Pamela D. Wickes
- Physiology of the Income Statement [01:33:06]
Kenneth G. Yormark
- Regulatory Trends, Fraud, and Other Issues on the Horizon [01:21:59]
Karen Kincaid Balmer, Alexander M. Vasilescu, Tracy Richelle High
- Insight from the Statement of Cash Flows [01:55:39]
John J. Molenda, Ph.D., T.C. Fleming
- Notes to the Financial Statements: The Rest of the Story [01:28:50]
Matthew B. Greenblatt, John J. Carney
- Effective Use of Financial Experts [01:00:16]
Jorge A. Amador, Glenn Newman
- Current Topics in Professional Ethics for Accountants and Attorneys [01:00:33]
John J. Molenda, Ph.D., T.C. Fleming
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- Overview of Accounting and Auditing Frameworks and the Accounting Cycle
Deepa Bhat
- Overview of Accounting and Auditing Frameworks
Lisa C. Snow
- The Balance Sheet--An Overview
Colleen Vallen
- The Balance Sheet
Lawrence M. Cirelli
- Balance Sheet & Income Statement Basics
Sonya Andreassen-Henderson, Michael A. LoGiudice
- The Income Statement
Kenneth G. Yormark
- Don't Lose the Forest for the Trees: Failure to Spot Macro Accounting Issues That Violate GAAP: A Review of Highlighted Sec Activity in 2011 and 2012
Tracy Richelle High
- Form 10-K Annual Report Extracts
Sonya Andreassen-Henderson
- Using the Financial Statement Notes
John J. Carney, Matthew B. Greenblatt
- Notes to Financial Statements
Lori L. Jackson
- Notes to the Financial Statements: The Rest of the Story
Chetan Joshi
- 2010 Bank of America Annual Report
Chetan Joshi
- 2010 Dow Chemical Company Annual Report
Chetan Joshi
- IFRS and US GAAP: Similarities and Differences
Autumn C. Bailey, August "Jamie" H. Schupp
- Comparative Analysis of Accounting Methods
Autumn C. Bailey, August "Jamie" H. Schupp
- Effective Use of Financial Experts
Glenn Newman
- How Lawyers Use Accountants as Experts
Matthew D. Harrison
- Maintaining Privilege When Necessary; Use of Consulting/Rebuttal Experts
Kellye L. Fabian
- The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys: Chapter 26--Benefit of the Bargain Damages
Jeff Litvak, Kenneth Mathieu
- The Ethical Implications of Attorney Collaborations with Accounting Experts
John J. Molenda, Ph.D., T.C. Fleming
- Accounting Fundamentals and Frameworks (PowerPoint Slides)
Lisa C. Snow
- Overview of Accounting and Auditing Frameworks and the Accounting Cycle (PowerPoint Slides)
Deepa Bhat
- Balance Sheet (PowerPoint Slides)
Karen Kincaid Balmer, Colleen Vallen, Pamela D. Wickes
- The Balance Sheet (PowerPoint Slides)
Lawrence M. Cirelli
- The Basics of the Income Statement (PowerPoint Slides)
Kenneth G. Yormark
- Insight from the Statement of Cash Flows: An Overview (PowerPoint Slides)
Teressa Barner, Derek P. Linde
- Statement of Cash Flows (PowerPoint Slides)
Stacie Kowalczyk
- Statement of Cash Flows and Related Accounting Topics: An Overview (PowerPoint Slides)
John J. Molenda, Ph.D., T.C. Fleming
- The Importance of the Notes to the Financial Statements "The Rest of the Story" (PowerPoint Slides)
John J. Carney, Matthew B. Greenblatt
- Notes to Financial Statements (PowerPoint Slides)
Chetan Joshi
- Effective Use of Financial Experts (PowerPoint Slides)
Glenn Newman, Eric Alan Stone
- How Lawyers Use Accountants as Experts (PowerPoint Slides)
Matthew D. Harrison
- Calculation of Economic Damages in Commercial Litigation Cases (PowerPoint Slides)
Kenneth Mathieu
- The Ethical Implications of Attorney Collaborations with Accounting Experts (PowerPoint Slides)
John J. Molenda, Ph.D., T.C. Fleming
- Index to Basics of Accounting for Lawyers 2012
Presentation Material
- GAAP and IFRS, the Accounting Cycle, and GAAS - Why They Are Important
- Anatomy of the Balance Sheet
Colleen Vallen, Pamela D. Wickes
- The Basics of the Income Statement
Kenneth G. Yormark
- Don’t Lose the Forest for the Trees: Failure to Spot Macro Accounting Issues that Violate GAAP
Tracy Richelle High
- Regulatory Trends, Fraud, and Other Issues on the Horizon
Tracy Richelle High
- Regulatory Trends, Fraud, and Other Issues on the Horizon
Alexander M. Vasilescu
- Statement of Cash Flows and Related Accounting Topics: An Overview
John J. Molenda, Ph.D.,T.C. Fleming
- The Importance of the Notes to the Financial Statements
- Effective Use of Financial Experts
Jorge A. Amador, Glenn Newman
- The Ethical Implications of Attorney Collaborations with Accounting Experts
John J. Molenda, Ph.D., T.C. Fleming
Co-Chair(s)
Speaker(s)
Glenn Newman ~ Practice Leader, Forensic Litigation & Valuation Services, ParenteBeard, LLC
Colleen Vallen ~ Head of the Forensic and Litigation Practice, Citrin Cooperman
Alexander M. Vasilescu ~ Regional Trial Counsel/Trial Unit Chief, U.S. Securities and Exchange Commission, New York Regional Office
Pamela D. Wickes ~ Director of Forensic Accounting Services, Teal, Becker & Chiaramonte, CPAs, P.C.
PLI makes every effort to accredit its On-Demand Web Programs and Segments. Please check the CLE Calculator above for CLE information specific to your state.
On-Demand Web Programs and Segments are approved in:
Alabama1, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa2*, Kansas, Kentucky*, Louisiana, Maine*, Mississippi, Missouri3, Montana, Nebraska, Nevada, New Hampshire4, New Jersey, New Mexico5, New York6, North Carolina8, North Dakota, Ohio8, Oklahoma9, Oregon*, Pennsylvania10, Rhode Island11, South Carolina, Tennessee12, Texas, Utah, Vermont, Virginia13, Washington, West Virginia, Wisconsin14 and Wyoming*.
Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.
Minnesota approves live webcasts ONLY
The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
*PLI will apply for credit upon request. Louisiana and New Hampshire: PLI will apply for credit upon request for audio-only on-demand web programs.
1Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.
2Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.
3Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.
4New Hamphsire: The approval is for three years from recorded date.
5New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.
6New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
7North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.
8Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
9Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.
10Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.
11Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.
12Tennessee: The approval is for the calendar year in which the live program was presented.
13Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
14Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.
Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, call Customer Service (800) 260-4PLI (4754) or e-mail info@pli.edu.