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Accounting for Lawyers

- Location -
New York State Nurses Association
11 Cornell Road
Latham, NY 12110
(518) 782-9400

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. 

Can’t Attend in Person?

This program offers a simultaneous live webcast option allowing you to “attend” the program from the convenience of your office.
NOTE: Newly admitted attorneys (less than twenty-four months) must attend the program in person to receive New York MCLE credit.

Program Agenda

8:30-9:00 a.m.
REGISTRATION

9:00-9:15
INTRODUCTION AND PROGRAM OVERVIEW

9:15-10:45
UNDERSTANDING FINANCIAL STATEMENTS

10:45-11:00
COFFEE BREAK

11:00-12:15 p.m.
ANALYZING THE FINANCIAL STATEMENT – GAMES COMPANIES PLAY

12:15-1:15
LUNCH (ON YOUR OWN)

1:15-2:45
CURRENT ISSUES FACING ACCOUNTANTS AND AUDITORS

2:45-3:00
COFFEE/SOFT DRINK BREAK

3:00-4:15 
AUDIT FAILURES; MALPRACTICE LITIGATION

4:15-4:45
DRAFTING LEGAL DOCUMENTS USING ACCOUNTING LANGUAGE

4:45 p.m.
ADJOURNMENT

Overall 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

Albany Faculty

David L. Evans, CPA, Esq. (Chair, Moderator and Speaker)
Martin, Shudt, Wallace, DiLorenzo, & Johnson
Troy

William F. Chandler, JD, CPA/ABV, CFA, ASA
Managing Director
Spectrum Consulting Partners, LLC
New York City

Jeffrey R. Klahr, CPA
LCS&Z, L.L.P.
Latham

Mary E. MacKrell, CPA
LCS&Z, L.L.P.
Latham  
     
William A. Zeronda, CPA
LCS&Z, L.L.P.
Latham 

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

The last day to pre-register online was December 5, 2012.

Members, please login to get member discounts.

Seminar
ALB-Registration	$165.00
Webcast Registration	$165.00

Seminar
ALB-Registration	$265.00
Webcast Registration	$265.00

Seminar
ALB-Registration	$60.00
Webcast Registration	$60.00

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.