Accounting terms, financial statements, accounting concepts, and basic finance are often misunderstood and confusing. The panelists explain the terms and jargon, basic accounting concepts, generally accepted accounting standards, and nuts and bolts of financial statements. You receive a complete pro forma set of financial statements and detailed explanation of the various components, and how they relate to each other. The faculty teach you how to recognize "red flags" in financial statements—and avoid mistakes often made by attorneys when advising clients. Attend this program and get clear explanations and answers to common accounting questions that your clients ask—so you can advise your clients with confidence.
Business lawyers, corporate lawyers, family law practitioners, and litigators often find themselves challenged to explain financial statements to their clients, or to use accounting information to prove a liability or damages, or even to impeach a witness. While engaging an accounting expert is useful, a lawyer must understand the basics of accounting to effectively choose and utilize an expert. Whatever their specialty, lawyers must understand financial concepts to understand their clients goals, and the interests of other parties to the deal.
MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.