On-Demand Learning

Accounting

Transcripts

Recorded on: Jul. 23, 2013

LARRY CIRELLI: So it's 11:30. Let's get started. We have now covered the financial statements. We covered the balance sheet, first thing yesterday. We then, covered the income statement. We've now covered the statement of cash flows. We've talked a little bit about stockholders equity in the course of those discussions. And now, we're going to finish up financial statements and their analysis with a discussion of notes of the financial statements. ...

Recorded on: Jul. 23, 2013

LAWRENCE M. CIRELLI: So with that, let's turn to the first topic. As I just mentioned, it's kind of an overview of accounting principles, acronyms, and why they're important. So let me introduce our first speaker, who is sitting to my right-- Deepa Bhat. Deepa has taught this-- is this your second or third year? DEEPA BHAT: Second year. LAWRENCE M. CIRELLI: Second year of teaching it, and did a wonderful job last year, so she's back. Deepa is ...

Recorded on: Jul. 23, 2013

LARRY CIRELLI: So we're going to move right on to our last topic of the day and our last topic of this class, Current Topics and Professional Ethics for Accountants and Attorneys. And with us is J. Michael Matthews. Mike is sitting down there at the far end because he contracted some form of the plague in the last day. And we're not letting him sit anywhere near us. If you have a question, stay over there, because he's got a really bad cold going ...

Recorded on: Jul. 23, 2013

C. BURR: Good afternoon and welcome back to the afternoon session of "Basics of Accounting for Lawyers." This afternoon, we start off with the section of "How Lawyers Can Use Accountants as Experts." And we're very fortunate to have with us this afternoon Matt Harrison, who is a partner with Latham & Watkins here in San Francisco and has done a tremendous amount of work representing accountants and accounting firms in malpractice ...

Recorded on: Jul. 23, 2013

LAWRENCE M. CIRELLI: OK. Good morning, everybody, and welcome back to the second session of the 2013 version of Basics of Accounting for Lawyers. We're going to start this morning, as we mentioned at the end of yesterday's session, with the cash flow statement. First, we're going to talk about insights from the cash flow statement, take a break, and then complete what the cash flow statement tells you. And we're going to end this morning's session ...

Recorded on: Jul. 23, 2013

LAWRENCE M. CIRELLI: Thanks, Carla. So our last session of the day, as I mentioned before the break, is Regulatory Trends-- Fraud and Other Issues on the Horizon. We are very pleased to have back, after a little bit of a hiatus, Les Hand. Les taught this class with me. I had a note in my old notes, my outline that I have here, that I wrote lES on the top because he said something in his presentation I wanted to follow up on, and that was probably ...

Recorded on: Jul. 23, 2013

CURTIS BURR: Well, welcome back. During the break, Stacie and I were talking, and it reminded me I started at Coopers & Lybrand in the tax practice in, I shouldn't say, 1976. And this pre-- LAWRENCE CIRELLI: I wasn't born yet, then. STACIE KOWALCZYK: I wasn't either. CURTIS BURR: That's why I shouldn't have mentioned it. LAWRENCE CIRELLI: She's being honest and I'm obviously lying, but--. CURTIS BURR: She's an accountant, he's an attorney. ...

Recorded on: Jul. 23, 2013

CURTIS BURR: I've got a smiling gatekeeper in the back. LAWRENCE M. CIRELLI: She keeps the train running on time. CURTIS BURR: Yeah. Switch. So we'll restart, and the next topic, we've got a great overview of accounting, the language, all the pieces that belong as part of financial statements. And next, we're going to focus on one of the really fundamental parts of the accounting financial statements, which is the balance sheet, where often, people ...

Recorded on: Jul. 23, 2013

CURTIS BURR: Welcome back. In this afternoon portion, starting off this afternoon portion of our program, we will be focusing on the income statement. And to lead us through that, we are privileged to have Terry Lloyd, who is both a CPA and a CFA. And he's the Managing Director of the Finance Scholars Group. A little bit about Terry's background. He's been handling valuation and litigation assignments for over 30 years, and his practice includes ...

Recorded on: Jun. 6, 2013

PAUL M. DUDEK: OK. Welcome back to you on the web and to you in the room here in New York at the Global Capital Markets 2013. Our next panel is a perennial favorite, focusing on IFRS and other accounting matters. And we have an all-star panel, I think, of commenters and panelists to address issues relating to IFRS and other accounting issues that face foreign private issuers in the United States. To David's right, we have Wayne Carnall, who is a ...

Recorded on: Jun. 5, 2013

RAJ TANDEN: Thanks, everyone, for returning. We're now going to turn to capital structure considerations. We have a couple of great speakers to discuss this topic. We've got Bill Brentani, who is a partner of Simpson Thatcher, & Bartlett in Palo Alto in the firm's corporate finance department. His practice focuses on representing issuers and underwriters in connection with a variety of public and private debt and equity offerings, including high ...

Recorded on: Jun. 5, 2013

RAJ TANDEN: OK, I think people are still streaming in. But we need to get started. We are going to be covering practical and ethical considerations for corporate transactions today. There's a handout, a PowerPoint that we'll be going through. Hopefully each of you has received this. I did put copies at the right side of the tables. If you could hand those down if you haven't gotten them. They're all over the place. So hopefully you get your hands ...

Recorded on: Jun. 5, 2013

KIRSTEN S. AUNAPU: OK, great, I'd like to welcome our next speakers, Todd Rosen and Doug Bodel. The subject will be Solvency, Restructuring, and Bankruptcy. It'll be a 60-minute segment followed by lunch. I'd like to welcome back first, Todd Rosen, has been a speaker for this segment for the past couple of years. Todd is a bankruptcy partner in the Los Angeles office of Munger, Tolles, & Olson. Todd joined the firm in 2004 after working as an ...

Recorded on: Jun. 5, 2013

KIRSTEN AUNAPU: OK. Well, welcome back to our next segment on managerial accounting. I'd like to introduce to you our speaker. Dr. Kelly Richmond Pope is a CPA and also the Associate Professor at the School of Accountancy and Management Information Systems at DePaul University. She's also the founder of Helios Digital Learning, Inc., an educational media company that offers a suite of educational consulting and training products and services designed ...

Recorded on: Jun. 5, 2013

SPEAKER 1: --for the Pocket MBA program, which is securities fraud litigation, recent trends and practical tips. We're lucky to have Dan Dooley, Sr., CPA, who was a former partner retired in the firm of PricewaterhouseCoopers, where he was the global leader of the firm's securities litigation and investigations consulting practice. As an audit partner, he performed examinations of companies in a wide-range of industries and sectors, including computers ...

Recorded on: Jun. 5, 2013

KIRSTEN S. AUNAPU: OK, great. Welcome back to day two of PLI's Pocket MBA Finance for Attorneys. And we're going to start off today with a session on the basics of valuation, principles, and methodology. So please welcome back Ken Herzinger to the panel. He's been the speaker on this topic for the past couple of years, and we're happy to have him again. Ken is a partner in Orrick's San Francisco office, is a member of the securities litigation, and ...

Recorded on: Jun. 5, 2013

KIRSTEN AUNAPU: So with that, I will introduce our first speaker, Oz Karan. Oz is the senior manager at Deloitte & Touche. He's in the accounting, evaluation, and analytics practice here in San Francisco. He has over nine years of accounting, valuation, and project management experience with a focus on banking and securities and consumer business clients. He has technical expertise in accounting and reporting for derivatives and hedging activities, ...

Recorded on: Jun. 5, 2013

RAJ TANDEN: Welcome back, everyone, for the afternoon session. I hope you enjoyed the morning session. Just to remind everyone, we're here for the Pocket MBA 2013, finance for lawyers. And continuing with that theme, we're going to be covering practical elements of finance this afternoon. We have Jennifer Blouin and Dubravka Tosic from the Wharton School and ERS Group, respectively. Jennifer is an associate professor of accounting in the Wharton ...

Recorded on: Jun. 5, 2013

KIRSTEN AUNAPU: OK, great. Welcome back everyone. I'd like to welcome you to our next section, which is called A Detailed Look at Basic Financial Statements. We have two additional speakers from Deloitte. I'm pleased to announce my partner Sally Ann Flood. Sally Ann's the leader of our Bay Area real estate audit practice, here in San Francisco. And she's a national leader for the real estate funds in the US. She has more than 19 years of professional ...

Recorded on: Apr. 11, 2013

DEANNA L. KIRKPATRICK: Well, I think we'll get started again and try and stay on schedule. So I think in our next segment, Laird is going to talk about comfort letters, which as you heard-- or I'm sorry, financial statement requirements, which we didn't cover in the initial registration process part. LAIRD H. SIMONS III: So for a good probably 45 minutes or so, we're going to delve into the accounting piece of the registration statement. Some years ...

Recorded on: Mar. 25, 2013

LIZABETHANN R. EISEN: I think we'll go ahead and get started. As a reminder, my name is Liz Ann Eisen. To my right is Joe Kaufman, from Simpson Thatcher. And to his right is Debbie O'Connell, a new panelist. Debbie joins us from PricewaterhouseCoopers, where she is a partner in the SEC services group within PwC's National Professional Services Group. Debbie stands out as a seasoned expert in the technology industry that people rely on for insight ...

Recorded on: Mar. 20, 2013

CHAD RUCKER: Thank you so much for coming out today. We have a very, very exciting panel here today. Joining me today we have Gopal Burgher. Gopal Burgher is a partner at Burgher Gray Haile & Jaffe. And Gopal's principal areas of practice include capital markets, complex finance transactions, real estate, community development transactions, mergers and acquisitions, joint ventures, and general corporate matters. In the capital markets and complex ...

Recorded on: Mar. 20, 2013

ANN S. MAKICH: So good morning again, everybody. It's 11:15 and we're going to start part two of our presentation. And the main focus in the second half, after the meat and potatoes of financial statements in the first half-- thank you, Chad-- is to talk a little bit about applying some of the concepts and data that we learned in the first half to practical legal practice in three main areas. The first is due diligence and disclosure and understanding ...

Recorded on: Feb. 13, 2013

AMY TAUB: Thank you. Hello. My name is Amy Taub, and I'm a program attorney with PLI. I would like to welcome you to today's briefing, "Reading Public Company Financials, What You Need to Know". Before I begin, I have some administrative announcements. This briefing will be one hour in length. Please feel free to send questions at any time during the briefing. Please remember that you have access to materials for this briefing via the course ...

Recorded on: Dec. 19, 2012

SETH PERLMAN: Thoroughly rested? Ready for the last third of our session? Yes. Oh, wait. I guess we're not starting yet. We're missing our speaker. Are you starting? JEAN L. TOM: David is first. SETH PERLMAN: David is first? Just give us a little minute or two. I'm sorry. DAVID G. SAMUELS: Right here? You know I'm not starting yet. I just want to make sure that-- SETH PERLMAN: Thank you. Welcome back from break. The next third of the session is ...