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Increasingly, lawyers are learning how helpful it is to have a basic knowledge of accounting. Whether working on an M&A deal or litigating an accounting fraud allegation, having a baseline understanding of accounting concepts and terms can only help lawyers to better understand the full picture of legal matters they work on that may involve elements of accounting or finance.
Designed for lawyers of all experience levels, Basics of Accounting for Lawyers reviews how some common accounting concepts may emerge in legal work, and what lawyers should consider when encountering them. The goal of this program is to help lawyers familiarize themselves with the language of accounting to become better at their practice.
What You Will Learn
- Understanding Generally Accepted Accounting Principles (GAAP)
- Learning the accounting cycle
- How to read the balance sheet, income statement, statement of cash flows, and notes to the financial statements
- Ethical considerations in working with financial experts
- Regulatory changes and views from those impacted or involved in the changes
- Tax Accounting vs Book Accounting
- Accounting fraud and damages calculations
- Earn one hour of Ethics CLE credit
Program Level: Basic
Intended Audience: Lawyers of all experience levels
Advanced Prep: None