On-Demand   On-Demand Web Programs

Basics of Accounting for Lawyers 2018

Released on: Aug. 1, 2018
Running Time: 11:11:11
Whether you are a litigator or a transactional attorney, knowing the numbers behind the law will only help you in your practice. You may be litigating an accounting fraud or conducting due diligence for a merger – in either case, the numbers will come up. Understanding basic accounting will equip you with a working knowledge of how to decipher the numbers on the page and connect the law with the accounting before you.

Basics of Accounting for Lawyers is a thorough survey of basic accounting principles and how they commonly arise in legal practice. The program’s mission is not to make accountants out of lawyers, but to enhance lawyer’s knowledge of a legal matter with a baseline understanding of the financial and accounting concepts tied to that matter.  

Program Level: Basic

Intended Audience: Attorneys interested in learning basic accounting and those operating in practice areas where financial and accounting concepts arise should find this program helpful.

Prerequisites: A background in litigation or transactions involving financial or accounting matters or matters where finance and accounting concepts may emerge. 

Advanced Preparation: None 

Lecture Topics [Total time 11:11:11]
Segments with an asterisk (*) are available only with the purchase of the entire program.
  • Opening Remarks and Introduction* [00:09:11]
    Lawrence M. Cirelli, Tim Sherman, CPA/ABV
  • The Accounting Cycle and Comparative Accounting: GAAP, IFRS and Accounting Frameworks [01:01:59]
    Sharon Selleck
  • Anatomy of the Balance Sheet [01:27:58]
    Lawrence M. Cirelli, Robert Barnett, Sharon Selleck
  • Physiology of the Income Statement [01:30:20]
    Jonathan Hilton
  • Insights from the Statement of Cash Flows [01:29:30]
    Terry Lloyd, CPA, CFA, Robert Barnett
  • Notes to the Financial Statements [01:00:05]
    Tim Sherman, CPA/ABV
  • Regulatory and Enforcement Trends and Update [01:01:00]
    Gavin M. Masuda
  • Accounting Fraud, Damages Calculation and Forensic Investigations [01:00:20]
    Terry Lloyd, CPA, CFA
  • Tax Accounting vs. Financial Accounting [01:01:35]
    Brett Kumm, Peter K. Buss
  • Current Topics in Professional Ethics for Accountants and Attorneys [01:29:13]
    Lawrence M. Cirelli, David W. Evans, Terry Lloyd, CPA, CFA, Tim Sherman, CPA/ABV, J. Michael Matthews

The purchase price of this Web Program includes the following articles from the Course Handbook available online:

  • COMPLETE COURSE HANDBOOK
  • The Balance Sheet
    Lawrence M. Cirelli
  • BPM Technical Update Memorandum Q1-2017 (April 6, 2017)
    Sharon Selleck
  • BPM Technical Update Memorandum Q2-2017 (June 30, 2017)
    Sharon Selleck
  • BPM Technical Update Memorandum Q3-2017 (September 29, 2017)
    Sharon Selleck
  • BPM Technical Update Memorandum Q4-2017 (January 15, 2018)
    Sharon Selleck
  • Financial Documentation and Investigations
    Colleen Vallen
  • Notes to Financial Statements: The Rest of the Story
    Tim Sherman
  • Tracy Richelle High, and Tabitha F. Flood, 2017 SEC Enforcement Trends in Accounting Fraud
    Tracy Richelle High
  • 2016 Annual Report: Attorney Registration & Disciplinary Commission Highlights
    Mary F. Andreoni
  • The Ethical Implications of Attorney Collaborations with Accounting Experts (March 23, 2018)
    T.C. Fleming, John J. Molenda

Presentation Material

  • Accounting, Auditing, and the 3 levels of Reporting
    Sharon Selleck
  • Anatomy of the Balance Sheet
    Robert Barnett
  • The Balance Sheet
    Lawrence M. Cirelli
  • Physiology of Income Statement
    Jonathan Hilton
  • Using The Statement of Cash Flows in Legal Practice
    Terry Lloyd, CPA, CFA
  • Notes to the Financial Statements: The Rest of the Story
    Tim Sherman, CPA/ABV
  • Regulatory and Enforcement Trends and Update
    Gavin M. Masuda
  • Financial Statements and Damages
    Terry Lloyd, CPA, CFA
  • The Reporting of Income Taxes in Financial Statements
    Peter K. Buss, Brett Kumm
  • Ethical Issues for Attorney-Accountant Collaborations
    Lawrence M. Cirelli, David W. Evans, Terry Lloyd, CPA, CFA, J. Michael Matthews, Tim Sherman, CPA/ABV
Co-Chair(s)
Lawrence M. Cirelli ~ Hanson Bridgett LLP
Tim Sherman ~ CPA/ABV, FTI Consulting, Inc.
Speaker(s)
Robert Barnett ~ Valuation Research Corporation
Peter K. Buss ~ Kieckhafer, Buss, Fletcher CPAs
David W. Evans ~ Haight Brown & Bonesteel LLP
Jonathan Hilton ~ Andersen Tax LLC
Brett Kumm ~ Senior Managing Director, FTI Consulting, Inc.
Terry M. Lloyd ~ CPA, CFA, Finance Scholars Group
Gavin M. Masuda ~ Latham & Watkins LLP
J. Michael Matthews ~ Carlson, Calladine & Peterson LLP
Sharon Selleck ~ CPA; Director of Quality Assurance, BPM LLP
General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.

PLI’s live and on-demand webcasts are single-user license products intended for an individual registrant only. Credit will be issued only to the individual registered.


U.S. MCLE States

Alabama:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 6 credits of online programs per reporting period.

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Arizona:  PLI’s on-demand web programs qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s on-demand web programs are not approved for Arkansas CLE credit.

California:  PLI’s on-demand web programs qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s on-demand web programs qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period, no more than 6 of which may be audio-only.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s on-demand web programs qualify as “in-house” credit. Attorneys are limited to 6 in-house credits per reporting period.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 15 credits of self-study per reporting period.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s on-demand web programs qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period. Effective January 1, 2019, the limit of distance education per reporting period will increase from 9 to 18 credits.

Iowa:  PLI’s on-demand web programs qualify as “unmoderated” credit. Attorneys are limited to 6 credits of unmoderated programs per reporting period.

Kansas:  PLI’s on-demand web programs qualify as “prerecorded” credit. Attorneys are limited to 6 credits of prerecorded programs per reporting period.

Kentucky:  PLI’s on-demand web programs qualify as “non-live” credit. Attorneys are limited to 6 non-live credits per reporting period.

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Maine:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 5.5 credits of self-study per reporting period.

Minnesota:  PLI’s on-demand web programs qualify as “on-demand” credit. Attorneys are limited to 15 on-demand credits per reporting period.

Mississippi:  PLI’s on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 6 credits of self-study per reporting period.

Montana:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 5 credits of self-study per reporting period.

Nebraska:  PLI’s on-demand web programs qualify as “computer-based learning” credit. Attorneys are limited to 5 credits of computer-based learning per reporting period.

Nevada:  PLI’s on-demand web programs qualify as “self-study” credit. There is no limit to the number of credits an attorney can earn via self-study programs.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s on-demand web programs qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional on-demand web programs can be used to fulfill the requirements for New York newly admitted attorneys. Only professional practice and law practice management credits may be earned via transitional on-demand web programs. Ethics and skills credits may not be earned via on-demand web programs.

North Carolina:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 6 credits of online programs per reporting period.

North Dakota:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 15 credits of self-study per reporting period.

Ohio:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Oklahoma:  PLI’s on-demand web programs qualify as “online, on-demand” credit. Attorneys are limited to 6 credits of online, on-demand programs per reporting period.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  All PLI products can fulfill Puerto Rico’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Rhode Island:  PLI’s on-demand web programs qualify as “video replay” credit. Attorneys are limited to 6 video replay credits per reporting period.

South Carolina:  PLI’s on-demand web programs qualify as “alternatively delivered” credit. Attorneys are limited to 6 credits of alternatively delivered programs per reporting period.

Tennessee:  PLI’s on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 8 credits of distance learning per reporting period.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 10 credits of self-study per reporting period.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s on-demand web programs qualify as “pre-recorded” credit. Attorneys are limited to 8 credits of pre-recorded programs per reporting period.

Washington:  All PLI products can fulfill Washington’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

West Virginia:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

Wisconsin:  PLI’s on-demand web programs qualify as “repeated, on-demand” credit. Attorneys are limited to 15 credits of repeated, on-demand programs per reporting period. No ethics credits can be earned via on-demand web programs.

Wyoming:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 6 credits of self-study per reporting period.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s on-demand web programs are not eligible for CPD-BC credit unless viewed with at least one other attorney or an articled student. In this case, the credit must be recorded as a “study group.”

Ontario (CPD-ON):  PLI’s on-demand web programs qualify as “recorded” credit. If viewed without a colleague, attorneys are limited to 6 credits of recorded programs per year. If viewed with at least one colleague, there is no limit to the number of credits that can be earned via recorded programs.

Quebec (CPD-QC):  PLI’s on-demand web programs can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s on-demand web programs are not approved for CPD-HK credit.

United Kingdom (CPD-UK):  PLI’s on-demand web programs can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s on-demand web programs may fulfill Australia’s CPD requirements. Credit limits for on-demand web programs vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Alberta (CPD-ALBERTA):  All PLI products can fulfill Alberta’s CPD requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Dubai (CLPD-DUBAI):  PLI’s on-demand web programs may fulfill CLPD credit requirements.


Other Credit Types

CPE Credit (NASBA):  Select on-demand web programs qualify as the “QAS Self-Study” delivery method. Please check the Credit Information box on the right-hand side of this page to verify CPE credit availability.

IRS Continuing Education (IRS-CE):  PLI’s on-demand web programs may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s on-demand web programs may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s on-demand web programs may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s on-demand web programs may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s on-demand web programs qualify as "self-paced" credit. SHRM professionals are limited to 30 credits of self-paced programs per recertification period.

Compliance Certification Board (CCB):  PLI’s on-demand web programs qualify as “self-study” credit. Candidates are limited to 10 self-study credits per 12-month period, and certification holders are limited to 20 self-study credits per 2-year renewal period.

Certified Anti-Money Laundering Specialists Certification (CAMS):  PLI’s on-demand web programs are not approved for CAMS credit.

New York State Social Worker Continuing Education (SW CPE):  PLI’s on-demand web programs are not approved for SW CPE credit.

American Bankers Association Professional Certification (ABA):  PLI’s on-demand web programs may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s on-demand web programs are not approved for CFP credit.

 

Related Items

Live Programs  Live Programs

Basics of Accounting for Lawyers 2019 (San Francisco, CA) Jul. 23 - 24, 2019
Basics of Accounting for Lawyers 2019 (Chicago, IL) May. 30 - 31, 2019

On-Demand  On-Demand Programs

Basics of Accounting for Lawyers 2019 NY May. 23, 2019

Handbook  Course Handbook Archive

Basics of Accounting for Lawyers 2019 Tim Sherman, FTI Consulting, Inc.
Margaret G. Nelson, Foley & Lardner LLP
Lawrence M. Cirelli, Hanson Bridgett LLP
John J. Molenda, Steptoe & Johnson LLP
Chetan Joshi, EY LLP
Colleen S. Vallen, Citrin Cooperman
 
Basics of Accounting for Lawyers 2018 Carolann Gemski, FINRA
Tim Sherman, FTI Consulting, Inc.
Lawrence M. Cirelli, Hanson Bridgett LLP
John J. Molenda, Ph.D., Steptoe & Johnson LLP
Chetan Joshi, EY LLP
Colleen S. Vallen, Citrin Cooperman
 
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