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 2013 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 12:21:45]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Program Introduction and Overview* [00:08:08]
Curtis Burr, Lawrence M. Cirelli
- GAAP and IFRS, the Accounting Cycle, and GAAS - Why They Are Important [01:38:27]
Deepa Bhat
- Anatomy of the Balance Sheet [01:45:00]
Lawrence M. Cirelli, Terry Lloyd
- Physiology of the Income Statement [01:29:25]
Terry Lloyd
- Regulatory Trends, Fraud, and Other Issues on the Horizon [01:17:05]
Lesley D. Hand
- Insight from the Statement of Cash Flows [01:00:15]
Curtis Burr, Stacie Kowalczyk
- What the Statement of Cash Flows Tells You [01:00:45]
Curtis Burr, Stacie Kowalczyk
- Notes to the Financial Statements: The Rest of the Story [01:31:40]
Lori L. Jackson
- Effective Use of Financial Experts [01:00:55]
Matthew D. Harrison
- Current Topics in Professional Ethics for Accountants and Attorneys [01:30:05]
Curtis Burr, J. Michael Matthews
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- How a CFO Landed in Prison: The Perils of Asset and Revenue Overstatements (and Other Schemes)
Deepa Bhat
- Overview of Accounting and Auditing Frameworks
Lisa C. Snow
- The Balance Sheet—An Overview
Pamela D. Wickes
- The Balance Sheet
Lawrence M. Cirelli
- Balance and Income Sheet Basics
Michael LoGiudice, Sonya Andreassen-Henderson
- The Income Statement
Kenneth G. Yormark
- Avoiding Pitfalls in the Litigation of Business Valuation
Terry Lloyd
- Update: A Brief Overview of Trends in PCAOB Inspection Reports
Terry Lloyd
- Measuring the Fair Value of Illiquid Assets Under GAAP
Terry Lloyd
- Internal Corporate Accounting Controls: Spotlight on CFOs
Tracy Richelle High
- Fraud in the Financial Statements is an Elusive Thing
Lesley D. Hand
- Securities Exchange Act of 1934, Release No. 55954/June 25, 2007, In the Matter of International Business Machines Corporation
Lesley D. Hand
- U.S. Securities and Exchange Commission v. Kevin B. Collins, (M.D. Tenn) June 22, 2007, Complaint
Lesley D. Hand
- U.S. Securities and Exchange Commission, Litigation Release No. 19174\April 7, 2005, Securities and Exchange Commission v. Dollar General Corporation, Hurley Calister Turner Jr., Brian M. Burr, Randy C. Sanderson, Bobby R. Carpenter
Lesley D. Hand
- Securities and Exchange Commission v. Dollar General Corporation, Hurley Calister Turner, Jr., Brian M. Burr, Randy C. Sanderson, And Bobby R. Carpenter, (M.D. Tenn) April 7, 2005, Complaint
Lesley D. Hand
- Insight from the Statement of Cash Flows
Derek P. Linde, Teressa Barner
- Statement of Cash Flows and Related Accounting Topics: An Overview (Powerpoint Slides)
John J. Molenda, Ph.D., T.C. Fleming
- Statement of Cash Flows & Financial Statement Analysis (Powerpoint Slides)
Stacie Kowalczyk
- 10-K Report Excerpts
Sonya Andreassen-Henderson
- Using the Financial Statement Notes
John J. Carney, Matthew B. Greenblatt
- Notes to Financial Statements: The Rest of the Story
Lori L. Jackson
- Notes to Financial Statements: The Rest of the Story
Chetan Joshi
- 2011 Bank of America Financial Statements and Notes
Chetan Joshi
- 2011 DOW Chemical Company Financial Statement and Notes
Chetan Joshi
- Accounting Methods Overview
Kurt M. Anderson
- Effective Use of Financial Experts
Glenn Newman, John J. Molenda, Ph.D.
- Benefit of the Bargain Damages
Jeff Litvak, Kenneth Mathieu
- Effective Use of Financial Experts
Jonathan C. Medow
- How Lawyers Use Accountants as Experts
Matthew D. Harrison
- The Ethical Implications of Attorney Collaborations with Accounting Experts
John J. Molenda, Ph.D., T.C. Fleming
- Accounting for Lawyers—GAAP, IFRS and GAAS (Powerpoint Slides)
Karen Kincaid Balmer
- Accounting for Lawyers—Balance Sheet (Powerpoint Slides)
Karen Kincaid Balmer
- Overview of Accounting and Auditing Frameworks and the Accounting Cycle (Powerpoint Slides)
Deepa Bhat
- The Balance Sheet (Powerpoint Slides)
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)
Derek P. Linde, Teressa Barner
- Notes to Financial Statements (Powerpoint Slides)
Chetan Joshi
- Effective Use of Financial Experts (Powerpoint Slides)
Glenn Newman, John J. Molenda, Ph.D.
- Calculation of Economic Damages in Commercial Litigation Cases (Powerpoint Slides)
Kenneth Mathieu
- Effective Use of Financial Experts (Powerpoint Slides)
Jonathan C. Medow
- The Ethical Implications of Attorney Collaborations with Accounting Experts (Powerpoint Slides)
John J. Molenda, Ph.D., T.C. Fleming
Presentation Material
- GAAP and IFRS, the Accounting Cycle, and GAAS - Why They Are Important
Deepa Bhat
- Anatomy of the Balance Sheet
Lawrence M. Cirelli
- Physiology of the Income Statement
Terry Lloyd
- Regulatory Trends, Fraud, and Other Issues on the Horizon
Lesley D. Hand
- What the Statement of Cash Flows Tells You
Stacie Kowalczyk
- Notes to the Financial Statements: The Rest of the Story
Lori L. Jackson
- Effective Use of Financial Experts
Matthew D. Harrison
- Current Topics in Professional Ethics for Accountants and Attorneys
J. Michael Matthews
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 Carolina7, 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
Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. PLI programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.
*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.