Accounting for Lawyers
Wednesday, November 28, 2012
- Location -
Affinia Manhattan
371 Seventh Avenue At 31st Street
New York, NY 10001-3984
(212) 563-1800
Description
7.0 Total Credits: 5.5 Skills, 1.0
Ethics and 0.5 Law Practice Management/Professional Skills for all
attorneys
NEW! Electronic Online Course Materials Debut this Fall!
Click here for more
details!
This program is designed to help lawyers gain a
working knowledge of important issues involving accounting as they
relate to the practice of law. Accounting is the language used by
business to communicate its financial position and operating results to
its stakeholders through financial statements prepared in accordance
with a recognized financial reporting framework. Most
lawyers will need to understand financial reporting regardless of
their practice specialty. Accounting issues arise not only in
corporate and tax practices, but litigators also rely on financial
accounting to calculate damages and drafting legal documents often
requires inclusion of accounting terms. Transactional lawyers require an
understanding of accounting to properly conduct their due diligence and
provide advice to clients concerning disclosure requirements. Lawyers
representing businesses are often requested to provide a representation
about litigation contingencies for possible disclosure in a
company’s financial statements. Numerous cases of financial
fraud have made an understanding of how enterprises and their executives
manipulate financial reporting important to criminal lawyers.
The morning program will review the composition of financial statements
and accounting terminology including Generally Accepted Accounting
Principles (“GAAP”), International Financial Reporting
Standards (“IFRS”) and efforts in the United States to
converge GAAP and IFRS. The morning program will also provide an
overview of how readers of financial statements evaluate reported
financial information to assess a company’s financial condition
and performance.
The afternoon sessions will review the auditor’s responsibility to
detect fraud, litigation of accounting malpractice claims and other
issues facing the accounting profession. The final session will
discuss best practices in performing financial accounting due diligence
including review for compliance with federal, state, and foreign laws
and regulations, and use of accounting terms in legal
documents.
Program Agenda
8:30 – 9:00 a.m.
REGISTRATION
9:00–9:05
INTRODUCTION (PROGRAM OVERVIEW)
9:05–10:30
UNDERSTANDING FINANCIAL STATEMENTS
10:30–10:45
COFFEE BREAK
10:45–12:00 noon
ANALYZING THE FINANCIAL STATEMENT – GAMES COMPANIES
PLAY
12:00–1:00 p.m.
LUNCH (ON YOUR OWN)
1:00–3:00
AUDITORS RESPONSIBILITY TO DETECT FRAUD, ACCOUNTING MALPRACTICE
LITIGATION AND OTHER ISSUES FACING THE ACCOUNTING
PROFESSION
3:15–4:15
FINANCIAL ACCOUNTING DUE DILIGENCE AND USE OF ACCOUNTING TERMS IN LEGAL
DOCUMENTS
4:15-4:30
AUDIENCE QUESTIONS
4:30 p.m.
ADJOURNMENT
Program
Faculty
Planning Co-Chairs
William F. Chandler, JD, CPA/ABV, CFA,
ASA
Managing Director
Spectrum Consulting Partners, LLC
New York City
David L. Evans, CPA, Esq.
Martin, Shudt, Wallace, DiLorenzo, & Johnson
Troy
Speakers
William F. Chandler, JD, CPA/ABV, CFA,
ASA
Managing Director
Spectrum Consulting Partners, LLC
New York City
Joseph E. Decilveo, Jr.
Partner, Financial Advisory Services, Northeast Region
Leader
McGladrey LLP
New York City
Sanford P. Dumain, Esq.
Milberg LLP
New York City
Vincent J. Love, CPA
VJL Consulting, LLC
New York City
Stan Macora
Partner,
Transaction Advisory Services
McGladrey LLP
New York City
John Rollins
Manager, FAS Litigation Consulting
McGladrey LLP
New York City
John Weber
Partner, National Professional Standards Group
McGladrey LLP
New York City
ELECTRONIC COURSE MATERIALS
New this fall!
All program materials will be distributed exclusively online in
searchable PDF format, allowing attendees more flexibility in storing
this information and allowing you to copy and paste relevant portions of
the materials for specific use in your practice. A CLE NotePad
© (paper) will be provided to all attendees at the live program
site. The CLE NotePad © includes lined pages for taking notes
on each topic, as well as any PowerPoint presentations submitted prior
to printing.
Prior to a scheduled program date, all registrants will receive an
email message containing a hyperlink that when clicked will provide you
with access to the complete course materials in a searchable PDF format
which can be downloaded to your computer using the “Save As”
option under your “File” tab. Printing the complete
materials is not required for attending the program. Online materials
are updated periodically to reflect last minute submissions from program
faculty, guaranteeing that you will always have the latest version of
the materials.
Traditional printed course books may be ordered at the program site
for a discounted price and will be shipped subsequent to the
program
Directions
From Long Island: Take I-495 WEST to MIDTOWN TUNNEL. Go through toll and
Enter LEFT TUBE in Midtown Tunnel. Exit Tunnel and stay in LANE. Go LEFT
toward Downtown. Turn RIGHT onto E 35TH ST – go STRAIGHT to 7TH
AVE. Turn LEFT onto 7TH AVE. Follow to 31st & 7th Hotel is on East
side of 7th Ave. From Connecticut: Merge onto I-95 S (Portions toll)
(Crossing into NEW YORK). Keep LEFT to take I-278 W via EXIT 6B toward
TRIBORO BR. Take the exit toward RANDALLS-WARDS IS MANHATTAN / FDR
DRIVE. Stay STRAIGHT to go onto TRIBOROUGH BRIDGE (Portions toll). Merge
onto FDR DR S. Take EXIT 8 toward I-495 / MIDTOWN TUN / E 34 ST. Stay
STRAIGHT to go onto FDR DR SERVICE RD W. Turn RIGHT onto E 37TH ST. Turn
LEFT onto PARK AVE. Turn RIGHT onto E 35TH ST. Turn LEFT onto 7TH AVE.
Follow to 31st & 7th. Hotel is on East side of 7th Ave. From New
Jersey: Take the N.J. TURNPIKE ramp toward NEW YORK AND NORTH. Merge
onto I-95 N / NEW JERSEY TURNPIKE N toward CARS / TRUCKS-BUSES (Portions
toll). Keep RIGHT to take I-95 N / NEW JERSEY TURNPIKE N toward I-80 /
EXITS 15E - 18E / US-46 / INCOLN TUNNEL (Portions toll). Take EXIT 16E
toward LINCOLN TUNNEL / NEW YORK CITY. Keep LEFT to take NJ-495 E toward
LINCOLN TUNNEL (Portions toll) (Crossing into NEW YORK). NJ-495 E
becomes I-495 E / LINCOLN TUNNEL. Take the exit on the LEFT toward I-495
E / 42 ST / RT-9A / ALL POINTS. Stay STRAIGHT to go onto DYER AVE. Turn
RIGHT onto W 40TH ST. Turn RIGHT onto 9TH AVE. Turn LEFT onto W 38TH ST.
Turn RIGHT onto 7TH AVE. Follow to 31st & 7th. Hotel is on East side
of 7th Ave. From JFK: Start out going SOUTHEAST, Turn SLIGHT LEFT to
take the ramp toward AIRPORT EXIT / OTHER TERMINALS. Stay STRAIGHT to go
onto JFK EXPY. Merge onto I-678 N / VAN WYCK EXPY toward AIRPORT EXIT /
RETURN TO TERMINALS / LONG TERM PARKING / RENTAL CAR RETURNS. Merge onto
GRAND CENTRAL PKWY W via EXIT 10 on the LEFT toward LA GUARDIA AIRPORT /
TRIBORO BR. Take the I-495 / LONG IS EXPWY exit- EXIT 10E-W- toward
EASTERN LONG IS / MANHATTAN. Merge onto I-495 W via EXIT 10W on the LEFT
(Portions toll). Take I-495 WEST to MIDTOWN TUNNEL. Go through toll and
Enter LEFT TUBE in Midtown Tunnel. Exit Tunnel and stay in LANE. Go LEFT
toward Downtown. Turn RIGHT onto E 35TH ST – go STRAIGHT to 7TH
AVE. Turn LEFT onto 7TH AVE. Follow to 31st & 7th. Hotel is on East
side of 7th Ave. From LaGuardia: Start out going NORTHEAST on LA GUARDIA
RD. Turn SLIGHT LEFT toward TERMINAL A / MARINE AIR TERMINAL / RENTAL
CAR RETURNS. Turn SLIGHT LEFT onto CENTRAL TERMINAL DR.Take the AIRPORT
EXIT ramp. Merge onto GRAND CENTRAL PKWY W toward MANHATTAN. Take the
BKLYN-QNS EXPWY exit- EXIT 4- toward STATEN ISLAND / I-278 W. Merge onto
BROOKLYN QUEENS EXPY E. Merge onto I-278 W / BROOKLYN QUEENS EXPY. Take
the L.I. EXPWY / I-495 exit- EXIT 35- toward MIDTOWN TUN / EASTERN L.I.
/ GREENPOINT AVE. Merge onto I-495 W via EXIT 35W on the LEFT toward
MIDTOWN TUN / MANHATTAN (Portions toll). Take I-495 WEST to MIDTOWN
TUNNEL. Go through toll and Enter LEFT TUBE in Midtown Tunnel. Exit
Tunnel and stay in LANE. Go LEFT toward Downtown. Turn RIGHT onto E 35TH
ST – go STRAIGHT to 7TH AVE. Turn LEFT onto 7TH AVE. Follow to
31st & 7th. Hotel is on East side of 7th Ave. From Newark: Take the
N.J. TURNPIKE ramp toward NEW YORK AND NORTH. Merge onto I-95 N / NEW
JERSEY TURNPIKE N toward CARS / TRUCKS-BUSES (Portions toll). Keep RIGHT
to take I-95 N / NEW JERSEY TURNPIKE N toward I-80 / EXITS 15E - 18E /
US-46 / LINCOLN TUNNEL (Portions toll). Take EXIT 16E toward LINCOLN
TUNNEL / NEW YORK CITY. Keep LEFT to take NJ-495 E toward LINCOLN TUNNEL
(Portions toll) (Crossing into NEW YORK). NJ-495 E becomes I-495 E /
LINCOLN TUNNEL. Take the exit on the LEFT toward I-495 E / 42 ST / RT-9A
/ ALL POINTS. Stay STRAIGHT to go onto DYER AVE. Turn RIGHT onto W 40TH
ST. Turn RIGHT onto 9TH AVE. Turn LEFT onto W 38TH ST. Turn RIGHT onto
7TH AVE. Follow to 31st & 7th. Hotel is on East side of 7th
Ave.
The last day to pre-register online was November 27, 2012.
Members, please login to get member discounts.
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NYC-Registration
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$165.00
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| Seminar |
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NYC-Registration
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$265.00
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| Seminar |
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NYC-Registration
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$60.00
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Accommodations for Persons with Disabilities:
NYSBA welcomes participation by individuals with disabilities. NYSBA is committed to complying with all applicable laws that prohibit discrimination against individuals on the basis of disability in the full and equal enjoyment of its goods, services, programs, activities, facilities, privileges, advantages, or accommodations. To request auxiliary aids or services or if you have any questions regarding accessibility, please
contact Cindy O'Brien at 800-582-2452 or cobrien@nysba.org.
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