Seminar  Program

Basics of Accounting for Lawyers 2018


Select a Location:

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 9:00 a.m. - 4:30 p.m.

9:00 Opening Remarks and Introduction

Speakers: John J. Molenda, Colleen Vallen

9:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Karen Kincaid Balmer, John J. Moldena, Colleen Vallen



10:15 Networking Break

10:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Karen Kincaid Balmer, John J. Molenda, Colleen Vallen



12:00 Lunch

1:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Kenneth G. Yormark



2:45 Networking Break

3:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: T.C. Fleming, John J. Molenda



4:30 Adjourn

Day Two: 9:00 a.m. - 4:15 p.m.

9:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: John J. Carney



10:00 Networking Break

10:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Tracy Richelle High



11:15 Networking Break

11:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection
(Skills credit for NY attorneys)
(CFE Field of Study: Fraud)

Speakers: Karen Kincaid Balmer, Colleen Vallen



12:30 Lunch

1:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speakers: Lisa M. Zarlenga



2:30 Networking Break

2:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: T.C. Fleming, John J. Molenda



4:15 Adjourn

Co-Chair(s)
John J. Molenda ~ Steptoe & Johnson LLP
Colleen Vallen ~ Partner, Citrin Cooperman
Speaker(s)
John J. Carney ~ BakerHostetler LLP
T.C. Fleming ~ Chief Financial Officer, 1010data, Inc.
Matthew B. Greenblatt ~ Senior Managing Director, FTI Consulting, Inc.
Tracy Richelle High ~ Sullivan & Cromwell LLP
Karen Kincaid Balmer ~ Kincaid Consulting, LLC
Kenneth Yormark ~ Managing Director, K2 Intelligence
Lisa M. Zarlenga ~ Steptoe & Johnson LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute

New York City Seminar Location

PLI New York Center
, 1177 Avenue of the Americas, (2nd floor), entrance on 45th Street, New York, New York 10036. (800) 260-4754.

New York City Hotel Accommodations

Crowne Plaza Times Square Manhattan, 1605 Broadway (48th Street), New York, NY 10019 (212) 977-4000. When calling, mention Practising Law Institute. You can also make reservations online to access PLI's rates.

The Muse, 130 West 46th Street, New York, NY 10036. Please call reservations at 1-800-546-7866. When calling, please mention Practising Law Institute and Corporate Rate ID 786839408. In addition, you can book online at PLI Muse Hotel

Millennium Broadway Hotel, 145 West 44th Street, New York, NY 10036. Please call reservations at 1-800-622-5569. When calling, please mention Practising Law Institute. In addition, you can book online at PLI Millennium Hotel .

 Hyatt Times Square, 135 W. 45th Street, New York, NY 10036. For reservations, please call (646) 364-1234. When calling mention rate code CR56218 or Practising Law Institute.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  PLI’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois: All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars

North Dakota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Rhode Island:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

West Virginia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): PLI’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  PLI’s live seminars can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.

Other Credit Types

CPE Credit (NASBA): PLI’s live seminars qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE): PLI’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live seminars may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live programs.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live seminars may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live seminars may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live seminars may fulfill CFP credit requirements.

 

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 9:00 a.m. - 4:30 p.m.

9:00 Opening Remarks and Introduction

Speakers: John J. Molenda, Colleen Vallen

9:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Karen Kincaid Balmer, John J. Moldena, Colleen Vallen



10:15 Networking Break

10:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Karen Kincaid Balmer, John J. Molenda, Colleen Vallen



12:00 Lunch

1:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Kenneth G. Yormark



2:45 Networking Break

3:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: T.C. Fleming, John J. Molenda



4:30 Adjourn

Day Two: 9:00 a.m. - 4:15 p.m.

9:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: John J. Carney



10:00 Networking Break

10:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Tracy Richelle High



11:15 Networking Break

11:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection
(Skills credit for NY attorneys)
(CFE Field of Study: Fraud)

Speakers: Karen Kincaid Balmer, Colleen Vallen



12:30 Lunch

1:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speakers: Lisa M. Zarlenga



2:30 Networking Break

2:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: T.C. Fleming, John J. Molenda



4:15 Adjourn

Co-Chair(s)
John J. Molenda ~ Steptoe & Johnson LLP
Colleen Vallen ~ Partner, Citrin Cooperman
Speaker(s)
John J. Carney ~ BakerHostetler LLP
T.C. Fleming ~ Chief Financial Officer, 1010data, Inc.
Matthew B. Greenblatt ~ Senior Managing Director, FTI Consulting, Inc.
Tracy Richelle High ~ Sullivan & Cromwell LLP
Karen Kincaid Balmer ~ Kincaid Consulting, LLC
Kenneth Yormark ~ Managing Director, K2 Intelligence
Lisa M. Zarlenga ~ Steptoe & Johnson LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute
General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.

PLI’s live and on-demand webcasts are single-user license products intended for an individual registrant only. Credit will be issued only to the individual registered. If two or more individuals wish to participate in a webcast and receive credit, PLI would be happy to provide a Groupcast – group viewing of a webcast. To schedule a Groupcast, please contact PLI at groupcasts@pli.edu.


U.S. MCLE States

Alabama:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live webcasts qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

California:  PLI’s live webcasts qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live webcasts qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live webcasts qualify as “in-house” credit. Attorneys are limited to 6 in-house credits per reporting period.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live webcasts qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period.

Iowa:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kansas:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kentucky:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Louisiana:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

Maine:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Minnesota:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Mississippi:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Montana:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Nebraska:  PLI’s live webcasts qualify as “computer-based learning” credit. Attorneys are limited to 5 credits of computer-based learning per reporting period.

Nevada:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live webcasts qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live webcasts can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live webcasts. Skills credits may not be earned via live webcasts.

North Carolina:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

North Dakota:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Ohio:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Oklahoma:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  PLI’s live webcasts qualify as “distance education” credit. Attorneys are limited to 8 credits of distance education programs per reporting period.

Rhode Island:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

South Carolina:  PLI’s live webcasts qualify as “alternatively delivered” credit. Attorneys are limited to 6 credits of alternatively delivered programs per reporting period.

Tennessee:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 8 credits of distance learning per reporting period.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live webcasts qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

West Virginia:  PLI’s live webcasts qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

Wisconsin:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Wyoming:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live webcasts qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live webcasts qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live webcasts can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 15 points of distance learning programs per reporting period.

United Kingdom (CPD-UK):  PLI’s live webcasts can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live webcasts may fulfill Australia’s CPD requirements. Credit limits for live webcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Other Credit Types

CPE Credit (NASBA):  PLI’s live webcasts qualify as “Group-Internet-Based” (GIB) credit.

IRS Continuing Education (IRS-CE):  PLI’s live webcasts may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live webcasts may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live webcasts may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live webcasts may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live webcasts qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live webcasts qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live programs.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live webcasts may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live webcasts may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live webcasts may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live webcasts may fulfill CFP credit requirements.

 

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 9:00 a.m. - 4:30 p.m.

9:00 Opening Remarks and Introduction

Speakers: John J. Molenda, Colleen Vallen

9:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Karen Kincaid Balmer, John J. Moldena, Colleen Vallen



10:15 Networking Break

10:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Karen Kincaid Balmer, John J. Molenda, Colleen Vallen



12:00 Lunch

1:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Kenneth G. Yormark



2:45 Networking Break

3:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: T.C. Fleming, John J. Molenda



4:30 Adjourn

Day Two: 9:00 a.m. - 4:15 p.m.

9:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: John J. Carney



10:00 Networking Break

10:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Tracy Richelle High



11:15 Networking Break

11:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection
(Skills credit for NY attorneys)
(CFE Field of Study: Fraud)

Speakers: Karen Kincaid Balmer, Colleen Vallen



12:30 Lunch

1:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speakers: Lisa M. Zarlenga



2:30 Networking Break

2:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: T.C. Fleming, John J. Molenda



4:15 Adjourn

Co-Chair(s)
John J. Molenda ~ Steptoe & Johnson LLP
Colleen Vallen ~ Partner, Citrin Cooperman
Speaker(s)
John J. Carney ~ BakerHostetler LLP
T.C. Fleming ~ Chief Financial Officer, 1010data, Inc.
Matthew B. Greenblatt ~ Senior Managing Director, FTI Consulting, Inc.
Tracy Richelle High ~ Sullivan & Cromwell LLP
Karen Kincaid Balmer ~ Kincaid Consulting, LLC
Kenneth Yormark ~ Managing Director, K2 Intelligence
Lisa M. Zarlenga ~ Steptoe & Johnson LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute
Atlanta Groupcast Location

Atlanta Bar Association, 400 International Tower, 229 Peachtree Street, NE, Atlanta, GA 30303-1601. (404) 521-0781.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

California:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Iowa:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Kansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Louisiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Maine:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Minnesota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Mississippi:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Montana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nebraska:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nevada:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live groupcasts. Skills credits may not be earned via live groupcasts.

North Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

North Dakota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Ohio:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oklahoma:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Puerto Rico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance education” credit. Attorneys are limited to 8 credits of distance education programs per reporting period.

Rhode Island:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

South Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Tennessee:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

West Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wisconsin:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wyoming:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of points an attorney can earn via live groupcasts.

United Kingdom (CPD-UK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Australia’s CPD requirements. Credit limits for live groupcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.


Other Credit Types

CPE Credit (NASBA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live groupcasts.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CFP credit requirements.

 

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 8:00 a.m. - 3:30 p.m.

8:00 Opening Remarks and Introduction

Speakers: John J. Molenda, Colleen Vallen

8:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Karen Kincaid Balmer, John J. Moldena, Colleen Vallen



9:15 Networking Break

9:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Karen Kincaid Balmer, John J. Molenda, Colleen Vallen



11:00 Lunch

12:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Kenneth G. Yormark



1:45 Networking Break

2:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: T.C. Fleming, John J. Molenda



3:30 Adjourn

Day Two: 8:00 a.m. - 3:15 p.m.

8:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: John J. Carney



9:00 Networking Break

9:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Tracy Richelle High



10:15 Networking Break

10:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection
(Skills credit for NY attorneys)
(CFE Field of Study: Fraud)

Speakers: Karen Kincaid Balmer, Colleen Vallen



11:30 Lunch

12:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speakers: Lisa M. Zarlenga



1:30 Networking Break

1:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: T.C. Fleming, John J. Molenda



3:15 Adjourn

Co-Chair(s)
John J. Molenda ~ Steptoe & Johnson LLP
Colleen Vallen ~ Partner, Citrin Cooperman
Speaker(s)
John J. Carney ~ BakerHostetler LLP
T.C. Fleming ~ Chief Financial Officer, 1010data, Inc.
Matthew B. Greenblatt ~ Senior Managing Director, FTI Consulting, Inc.
Tracy Richelle High ~ Sullivan & Cromwell LLP
Karen Kincaid Balmer ~ Kincaid Consulting, LLC
Kenneth Yormark ~ Managing Director, K2 Intelligence
Lisa M. Zarlenga ~ Steptoe & Johnson LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute
Nashville Groupcast Location

The Nashville Bar Association, 150 4th Avenue, North, Suite #1050, Nashville, TN 37219. (615) 242-9272.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

California:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Iowa:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Kansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Louisiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Maine:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Minnesota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Mississippi:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Montana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nebraska:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nevada:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live groupcasts. Skills credits may not be earned via live groupcasts.

North Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

North Dakota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Ohio:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oklahoma:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Puerto Rico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance education” credit. Attorneys are limited to 8 credits of distance education programs per reporting period.

Rhode Island:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

South Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Tennessee:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

West Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wisconsin:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wyoming:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of points an attorney can earn via live groupcasts.

United Kingdom (CPD-UK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Australia’s CPD requirements. Credit limits for live groupcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.


Other Credit Types

CPE Credit (NASBA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live groupcasts.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CFP credit requirements.

 

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 9:00 a.m. - 4:30 p.m.

9:00 Opening Remarks and Introduction

Speakers: John J. Molenda, Colleen Vallen

9:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Karen Kincaid Balmer, John J. Moldena, Colleen Vallen



10:15 Networking Break

10:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Karen Kincaid Balmer, John J. Molenda, Colleen Vallen



12:00 Lunch

1:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Kenneth G. Yormark



2:45 Networking Break

3:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: T.C. Fleming, John J. Molenda



4:30 Adjourn

Day Two: 9:00 a.m. - 4:15 p.m.

9:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: John J. Carney



10:00 Networking Break

10:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Tracy Richelle High



11:15 Networking Break

11:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection
(Skills credit for NY attorneys)
(CFE Field of Study: Fraud)

Speakers: Karen Kincaid Balmer, Colleen Vallen



12:30 Lunch

1:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speakers: Lisa M. Zarlenga



2:30 Networking Break

2:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: T.C. Fleming, John J. Molenda



4:15 Adjourn

Co-Chair(s)
John J. Molenda ~ Steptoe & Johnson LLP
Colleen Vallen ~ Partner, Citrin Cooperman
Speaker(s)
John J. Carney ~ BakerHostetler LLP
T.C. Fleming ~ Chief Financial Officer, 1010data, Inc.
Matthew B. Greenblatt ~ Senior Managing Director, FTI Consulting, Inc.
Tracy Richelle High ~ Sullivan & Cromwell LLP
Karen Kincaid Balmer ~ Kincaid Consulting, LLC
Kenneth Yormark ~ Managing Director, K2 Intelligence
Lisa M. Zarlenga ~ Steptoe & Johnson LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute
Ice Miller LLP, One American Square, Suite 2900, Indianapolis, IN 46282

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

California:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Iowa:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Kansas:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Louisiana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Maine:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Minnesota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Mississippi:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Montana:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nebraska:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Nevada:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live groupcasts. Skills credits may not be earned via live groupcasts.

North Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

North Dakota:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Ohio:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oklahoma:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Puerto Rico:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “distance education” credit. Attorneys are limited to 8 credits of distance education programs per reporting period.

Rhode Island:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

South Carolina:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Tennessee:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

West Virginia:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wisconsin:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.

Wyoming:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live groupcasts.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” credit. There is no limit to the number of points an attorney can earn via live groupcasts.

United Kingdom (CPD-UK):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Australia’s CPD requirements. Credit limits for live groupcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.


Other Credit Types

CPE Credit (NASBA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live groupcasts.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live groupcasts (i.e. live webcasts available for group viewing at co-sponsored locations) may fulfill CFP credit requirements.

 

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 9:00 a.m. - 4:30 p.m.

9:00 Opening Remarks and Introduction

Speakers: Carolann Gemski, Chetan Joshi



9:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Chetan Joshi, Lisa Snow



10:15 Networking Break

10:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Michael LoGiudice, Scott A. Stringer



12:00 Lunch

1:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Michael LoGiudice, Scott A. Stringer



2:45 Networking Break

3:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: Michael LoGiudice, Scott A. Stringer



4:30 Adjourn

Day Two: 9:00 a.m. - 4:15 p.m.

9:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: Chetan Joshi



10:00 Networking Break

10:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Carolann Gemski, Chetan Joshi



11:15 Networking Break

11:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection

Speaker: Amanda Massucci



12:30 Lunch

1:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speakers: Carolann Gemski, Chetan Joshi



2:30 Networking Break

2:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: Mary Andreoni



4:15 Adjourn

Co-Chair(s)
Carolann Gemski ~ FINRA
Chetan Joshi ~ EY LLP
Speaker(s)
Mary F. Andreoni ~ Ethics Education Counsel, Attorney Registration & Disciplinary Commission
Michael LoGiudice ~ Managing Director, CBIZ Valuation Group, LLC
Lisa C. Snow ~ Managing Director, Duff & Phelps
Scott A. Stringer ~ Director, National Forensic, Litigation & Valuation Services, Baker Tilly Virchow Krause, LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute

Chicago Seminar Location

University of Chicago Gleacher Center, 450 N. Cityfront Plaza Drive, Chicago, Il 60611. (312) 464-8787.

Hotel Accommodation

Intercontinental Hotel Chicago, 505 N. Michigan Avenue, Chicago, IL 60611. (312) 944-4100. Please contact the hotel directly for the preferred rate and mention Practising Law Institute or Corporate ID 100312169.  You may also book online at PRACTISING LAW INSTITUTE.    Please note that the rate is a corporate and not a group rate. 

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  PLI’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois: All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars

North Dakota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Rhode Island:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

West Virginia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): PLI’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  PLI’s live seminars can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.

Other Credit Types

CPE Credit (NASBA): PLI’s live seminars qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE): PLI’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live seminars may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live programs.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live seminars may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live seminars may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live seminars may fulfill CFP credit requirements.

 

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 9:00 a.m. - 4:30 p.m.

9:00 Opening Remarks and Introduction

Speakers: Lawrence M. Cirelli, Tim Sherman



9:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Sharon Selleck



10:15 Networking Break

10:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Robert Barnett, Lawrence M. Cirelli



12:00 Lunch

1:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Jonathan Hilton



2:45 Networking Break

3:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: Robert Barnett, Terry M. Lloyd



4:30 Adjourn

Day Two: 9:00 a.m. - 4:15 p.m.

9:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: Tim Sherman



10:00 Networking Break

10:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Terra L. Reynolds



11:15 Networking Break

11:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection

Speaker: Terry M. Lloyd



12:30 Lunch

1:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speaker: Brett Kumm



2:30 Networking Break

2:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: TBD



4:15 Adjourn

Co-Chair(s)
Lawrence M. Cirelli ~ Hanson Bridgett LLP
Tim Sherman, CPA/ABV ~ FTI Consulting, Inc.
Speaker(s)
Robert Barnett ~ Valuation Research Corporation
Jonathan Hilton ~ Andersen Tax LLC
Brett Kumm ~ Managing Director, FTI Consulting, Inc.
Terry Lloyd, CPA, CFA ~ Managing Director, Finance Scholars Group
Terra L. Reynolds ~ Latham & Watkins LLP
Sharon Selleck ~ Director, BPM LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute

San Francisco Seminar Location

PLI California Center, 685 Market Street, San Francisco, California 94105. (800) 260-4754.

San Francisco Hotel Accommodations

Park Central Hotel, 50 Third Street, San Francisco, CA 94103. 415-974-6400. When calling, please mention PLI and SET#287179. In addition, you may book online at Park Central Hotel PLI.

Omni Hotel San Francisco, 500 California Street, San Francisco, CA 94104. 415-677-9494.  When calling, please mention Practising Law Institute.  You may also book online at PLI Omni 2018.

Due to high demand we recommend reserving hotel rooms as early as possible.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  PLI’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois: All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars

North Dakota:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania: PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Rhode Island:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

West Virginia:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  PLI’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): PLI’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  PLI’s live seminars can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.

Other Credit Types

CPE Credit (NASBA): PLI’s live seminars qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE): PLI’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live seminars may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live programs.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live seminars may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live seminars may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live seminars may fulfill CFP credit requirements.

 

Why You Should Attend

Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice.  You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up.  Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you. 

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice.  The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.   

What You Will Learn  

  • The accounting cycle, comparative accounting
  • Reading the balance sheet, income statement, statement of cash flows
  • Deciphering the notes to the financial statements
  • Accounting fraud, calculating damages, forensic accounting
  • Tax accounting and financial accounting
  • Regulatory and enforcement updates
  • Legal ethics issues in accounting

Special Features 

  • Earn Ethics credit

Who Should Attend

Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful. 


PLI Group Discounts

Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.

PLI Can Arrange Group Viewing to Your Firm

Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 9:00 a.m. - 4:30 p.m.

9:00 Opening Remarks and Introduction

Speakers: Lawrence M. Cirelli, Tim Sherman



9:15 The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks
  • GAAP and IFRSs
    • Overview of US and international fundamental principles of accounting
    • What will it mean to switch from GAAP to IFRS
    • Current status of the US move to IFRS
  • The accounting cycle – why you need to know
  • GAAS – understanding the various levels of care inherent in audits, reviews and complications 

Speakers: Sharon Selleck



10:15 Networking Break

10:30 Anatomy of the Balance Sheet
  • The elements of a balance sheet—assets, liabilities and stockholders’ equity and their significance
  • What to look for when reading a balance sheet
  • Current assets, such as cash, receivables, inventories, investments in debt and equity securities, and fixed and other long-term assets, including intellectual property and goodwill
  • Current liabilities, leases, long-term debt, pension and other post-retirement benefits, other long-term liabilities, and the common components of stockholders’ equity

Speakers: Robert Barnett, Lawrence M. Cirelli



12:00 Lunch

1:15 Physiology of the Income Statement
  • Basic principles of revenue and expense recognition
  • Identification of common performance measures
  • Basic understanding of common income statement components
  • Items of comprehensive income/loss

Speaker: Jonathan Hilton



2:45 Networking Break

3:00 Insights from the Statement of Cash Flows
  • How to understand and use this insightful statement
  • An explanation of operating, investing and financing cash flows
  • What this statement can tell you about a company’s financial health
  • The significance of supplemental and certain non-cash information

Speakers: Robert Barnett, Terry M. Lloyd



4:30 Adjourn

Day Two: 9:00 a.m. - 4:15 p.m.

9:00 Notes to the Financial Statements    
  • Using the financial statement notes to better understand the financial statements
  • Identify policies or transactions of interest and
  • Enhance assessment of company performance and financial condition

Speaker: Tim Sherman



10:00 Networking Break

10:15 Regulatory and Enforcement Trends and Update
  • Current accounting-related regulatory enforcement actions
  • Review of major cases and legal developments in accounting-related regulation and enforcement
  • Additional regulatory or accounting issues that should be on your radar screen

Speaker: Terra L. Reynolds



11:15 Networking Break

11:30 Accounting Fraud, Damages Calculation and Forensic Investigations
  • Financial Statements and other financial documentation in fraud and forensic investigations
  • Using financial statements and other financial documentation in calculating damages
  • Working with financial experts and factors to consider in financial expert selection

Speaker: Terry M. Lloyd



12:30 Lunch

1:30 Tax Accounting vs. Financial Accounting
  • Revenue and expense recognition differences (SF and CHI)
  • Balance sheet differences (SF and CHI)
  • Overview of different business tax returns (SF and CHI)
  • Reconciliation (ex. K-1) (SF and CHI)
  • Searching for information on book or tax financials and interpreting tax information found in notes to the financial statements (NYC)
  • Implications of new accounting standards (NYC)
  • Implications of US tax reform (NYC)

Speaker: Brett Kumm



2:30 Networking Break

2:45 Current Topics in Professional Ethics for Accountants and Attorneys       
  • Basic review of accountant and lawyer ethical requirements
  • Areas of potential ethical risk, where accountant and lawyer ethics requirements intersect
  • Examples of accounting and legal ethics mistakes made that should be avoided

Speakers: TBD



4:15 Adjourn

Co-Chair(s)
Lawrence M. Cirelli ~ Hanson Bridgett LLP
Tim Sherman, CPA/ABV ~ FTI Consulting, Inc.
Speaker(s)
Robert Barnett ~ Valuation Research Corporation
Jonathan Hilton ~ Andersen Tax LLC
Brett Kumm ~ Managing Director, FTI Consulting, Inc.
Terry Lloyd, CPA, CFA ~ Managing Director, Finance Scholars Group
Terra L. Reynolds ~ Latham & Watkins LLP
Sharon Selleck ~ Director, BPM LLP
Program Attorney(s)
Kenneth Min ~ Program Attorney, Practising Law Institute
General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.

PLI’s live and on-demand webcasts are single-user license products intended for an individual registrant only. Credit will be issued only to the individual registered. If two or more individuals wish to participate in a webcast and receive credit, PLI would be happy to provide a Groupcast – group viewing of a webcast. To schedule a Groupcast, please contact PLI at groupcasts@pli.edu.


U.S. MCLE States

Alabama:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s live webcasts qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

California:  PLI’s live webcasts qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s live webcasts qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s live webcasts qualify as “in-house” credit. Attorneys are limited to 6 in-house credits per reporting period.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s live webcasts qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period.

Iowa:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kansas:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kentucky:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Louisiana:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

Maine:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Minnesota:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Mississippi:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Montana:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Nebraska:  PLI’s live webcasts qualify as “computer-based learning” credit. Attorneys are limited to 5 credits of computer-based learning per reporting period.

Nevada:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s live webcasts qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional live webcasts can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live webcasts. Skills credits may not be earned via live webcasts.

North Carolina:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

North Dakota:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Ohio:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Oklahoma:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  PLI’s live webcasts qualify as “distance education” credit. Attorneys are limited to 8 credits of distance education programs per reporting period.

Rhode Island:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

South Carolina:  PLI’s live webcasts qualify as “alternatively delivered” credit. Attorneys are limited to 6 credits of alternatively delivered programs per reporting period.

Tennessee:  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 8 credits of distance learning per reporting period.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s live webcasts qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

West Virginia:  PLI’s live webcasts qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

Wisconsin:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Wyoming:  PLI’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s live webcasts qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  PLI’s live webcasts qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  PLI’s live webcasts can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 15 points of distance learning programs per reporting period.

United Kingdom (CPD-UK):  PLI’s live webcasts can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s live webcasts may fulfill Australia’s CPD requirements. Credit limits for live webcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Other Credit Types

CPE Credit (NASBA):  PLI’s live webcasts qualify as “Group-Internet-Based” (GIB) credit.

IRS Continuing Education (IRS-CE):  PLI’s live webcasts may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s live webcasts may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s live webcasts may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s live webcasts may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s live webcasts qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  PLI’s live webcasts qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live programs.

Certified Anti-Money Laundering Specialists (CAMS):  PLI’s live webcasts may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  PLI’s live webcasts may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  PLI’s live webcasts may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s live webcasts may fulfill CFP credit requirements.

 

Share
Email

  • FOLLOW PLI:
  • twitter
  • LinkedIn
  • YouTube
  • RSS

All Contents Copyright © 1996-2018 Practising Law Institute. Continuing Legal Education since 1933.

© 2018 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.