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Overview
Leverage Accounting Principles to Spot Red Flags and Support Attorney Work
Supporting legal cases often means dealing with complex financial documentation. A solid grasp of basic accounting is essential for you to perform high-level analysis, assist attorneys effectively, and avoid missteps when handling crucial evidence. This course equips you with the fundamental accounting literacy needed to confidently navigate financial records, spot inconsistencies, and streamline your case preparation. Boost your analytical skills and become indispensable - register today!
- Master the core terminology and foundational concepts underpinning accounting practice.
- Decipher common financial reports to extract relevant data for legal analysis.
- Quickly spot discrepancies or warning signs within financial data that need attorney review.
- Facilitate smoother communication with forensic accountants and other financial experts.
Abbreviated Agenda
- Foundational Accounting Concepts, Core Principles, and Constraints
- Where to Look for Financial/Accounting Data and How to Obtain It
- Understanding Financial Statements and Spotting Red Flags
- Supporting Attorney and Expert Work
Credit Details
Credits Available
| Credit | Status | Total |
|---|---|---|
| California MCLE Paralegal |
|
3 Total |
| Delaware Certified Paralegal Program |
|
3 Total |
| Florida Registered Paralegal |
|
3 Total |
| Indiana Paralegal CLE |
|
3 Total |
| NALA |
|
3 Total |
| Montana CLE Credit for Paralegals |
|
3 Total |
| North Carolina Continuing Paralegal Education |
|
3 Total |
| New Mexico Paralegal Division, State Bar of |
|
3 Total |
| Ohio Certified Paralegals |
|
3 Total |
| NFPA |
|
3 Total |
| Texas State Bar of Paralegal Division |
|
3 Total |
| Washington Paralegal Association |
|
3 Total |
Select Jurisdiction
Paralegal
Agenda
-
Foundational Accounting Concepts, Core Principles, and Constraints
- The Business Entity Principle: Business vs. Personal, Liability Implications
- The Going Concern Principle: Valuation and Solvency
- The Monetary Unit Principle: Impact of Inflation and Foreign Exchange
- Periodicity: Understanding Financial Performance Over Time
- Historical Cost, Revenue Recognition, Matching, Full Disclosure
- Relevance, Comparability, Verifiability, etc.
- Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS): The Differences and When Each Applies
- Constraints (Practical Limitations): Materiality, Cost, Prudence
-
Where to Look for Financial/Accounting Data and How to Obtain It
-
Understanding Financial Statements and Spotting Red Flags
- The Balance Sheet
- The Income Statement
- The Statement of Cash Flows
- Linking the Statements, How Changes in One Affect the Others
- Useful Ratios and Formulas
-
Supporting Attorney and Expert Work
- Valuation
- Fraud and Forensic Accounting
- Contract Disputes
- Business Organizations
Who Should Attend
This basic level course is designed for paralegals and paraprofessionals. Those who should attend include:
- Paralegals
- Legal Technicians
- Legal Assistants
- Legal Support Staff
Speakers
Speaker bio
Bonnie L. Mackey
is a certified public accountant with the Florida office of Levin, Silvey, Zelko & Mackey, P.A., where her background includes all facets of accounting, including financial statement and tax preparation, as well as computer software and bookkeeping assistance. She is also a Certified Quickbooks Pro Advisor. Ms. Mackey graduated from the University of South Florida with an extended B.S. degree in business administration and earned her MBA degree from Keller Graduate School of Devry University. In 2000, she earned her Certified Specialist in Estate Planning (CSEP) designation from the National Institute for Excellence in Professional Education, LLC, and in 2011 attained Accredited Estate Planner(s) status. Additionally, Ms. Mackey is an instructor for the Becker CPA Review course, an FICPA Ethics course facilitator and a frequent lecturer on various topics. She is the past-president for the FICPA N. Dade S. Broward chapter, American Woman's Society of CPAs - S. Florida Affiliate, and the North Dade/South Broward Estate Planning Council, past treasurer for the Broward County Guardianship Association, National AWSCPA VP of Regions and on the Trust Advisory Board for MonarchCare, Inc., as well as its immediate past chair, in addition to the firm's other affiliations.
Speaker bio
Kristopher R. Hallengren
is a Managing Member with Vallit Advisors, LLC, where he has more than 25 years of experience, the last 20 of which have been solely focused on dispute consulting, forensic accounting and business valuation as well as expert witness testimony in complex litigation matters. Mr. Hallengren is focused on providing valuation and forensic services as well as expert testimony in a wide variety of complex litigation matters, specifically divorce; with 2/3s of his practice being divorce cases. He has testified nearly 100 times, over half of which were in a divorced based context. Mr. Hallengren is a Certified Public Accountant (CPA), Accredited Senior Appraiser (ASA) by the American Society of Appraisers, Accredited in Business Valuation (ABV) and Certified in Financial Forensics (CFF) by the American Institute of Certified Public Accountants (AICPA). He earned his B.S. degree from Salisbury University and his M.S. degree from Loyola College.
Speaker bio
Mark S. Cherry
is a self-employed attorney and certified public accountant in a general practice law firm in Cherry Hill, New Jersey. His firm has extensive experience in foreclosure prevention, real estate, tax law, and bankruptcy law. Mr. Cherry is admitted to practice in New Jersey, Pennsylvania, federal district courts, bankruptcy court, Federal Court of Appeals, and U.S. Tax Court. He is also qualified as a Certified Valuation Analyst (CVA) in business valuation and a Master Analyst in Financial Forensics (MAFF). Mr. Cherry is a member of the American Institute of Certified Public Accountants (AICPA) and American Association of Attorney-Certified Public Accountants (AAA-CPA). He earned his J.D. degree from the Delaware Law School of Widener University and his B.B.A. degree from Temple University (Moot Court Honor Society).
Top FAQs
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time.
With each course, you will receive access to the content via OnDemand Streaming and the Video Download.
Course reference materials are included with each course purchase in a downloadable PDF format.
How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-793-5274.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all online live courses. Attendees may enable the closed captioning functionality within the event room once they have accessed the event by simply clicking the "cc" button in the lower right of the event room.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. Please call out Customer Service Department to inquire about savings for your team at 800-793-5274.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 14 days of live broadcast date. You will have access to the content for 6 months in your account.
If you're a subscriber, you'll have access to your course recordings until 7 days after the expiration date of the subscription.
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