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PLI's Basics of Accounting for Lawyers 2016: What Every Practicing Lawyer Needs to Know

Thursday, July 14, 2016 - Friday, July 15, 2016
12:00 am London - 12:00 am London
San Francisco

Whether you’re a transactional attorney or a litigator, when financial and accounting records emerge in the legal matter you’re handling, it helps to know some accounting basics.  The numbers always tell a story – one that may support your legal position.  Being able to recognize the relevant accounting principles at work and how they influence the outcome of your legal matter can only help you deliver a more complete analysis to prepare for litigation or close that deal.

This basic level program will guide the non-accountant attorney through key accounting principles contextualized through every-day examples that attorneys encounter.  Attendees will learn how to read and decipher the messages behind a balance sheet, statement of cash flows, a financial statement and its notes.  Attendees will also learn practical tips for work with financial experts.  Attendees will also have the chance to earn ethics credit on current topics that affect both legal and accounting professionals.  Join our expert faculty for a practical and informative presentation on this increasingly important nexus in legal practice.  

WHAT YOU WILL LEARN

  • Understanding Generally Accepted Accounting Principles (GAAP)

  • Generally Accepted Auditing Standards (GAAS)

  • The Accounting Cycle

  • How to read:

    • The Balance Sheet

    • The Income Statement

    • The Statement of Cash Flows

    • The Notes to the Financial Statements

  • How lawyers can effectively use accountants as experts

  • Recent regulatory changes and views from those impacted or involved in the changes

  • Awareness of different accounting and reporting frameworks and requirements

  • Ethical issues for attorneys and accountants

San Francisco Seminar LocationPLI California Center685 Market StreetSan Francisco, California 94105(800) 260-4754