Do you understand basic accounting terms, ratios and statements? Can you apply this knowledge to create a clear understanding of the overall picture? Do you know how to identify red flags in accounting records? It is imperative that attorneys are able to develop a working understanding and analytical framework of accounting terminology to strengthen their background and avoid unintentional, involuntary accounting scandals. This primer will teach you the basics of accounting so you can be knowledgeable when examining statements and identifying red flags. Don't put yourself at risk - order today!

• Understanding Basic Accounting Concepts
• Analyzing Financial Statements
• Identifying Fraud
• Using Accounting and Financial Records as Evidence
• Complying With Ethical Standards

• Comprehending Accounting Terms
• How to Read Financial Statements
  • Balance Sheet
  • Income Statement
  • Statement of Cash Flows
  • Relationship Between Statements
• Understanding the GAAP and Other Accounting Styles

• Calculating and Interpreting the Numbers
• Liquidity Analysis
• Profitability Analysis
• Activity Analysis
• Capital Structure
• Capital Market

IDENTIFYING FRAUD
1:00 - 2:00, George H. Skinner and Chad J. Toms

• Detecting Red Flags
• Preventing Attorney Liability
• Applying Knowledge in Case Studies

• Obtaining Vital Documents
• Introducing Financials at Trial
• Evidentiary Pitfalls
• Identifying Potential Experts
• Preparing an Accountant for Trial

COMPLYING WITH ETHICAL STANDARDS
3:30 - 4:30, Chad J. Toms

• Protecting Privilege When Working With Accountants and Tax Advisors
• Work Product Doctrine
• Confidentiality and Disclosure
• Conflicts of Interest
• Reporting Professional Misconduct

GEORGE H. SKINNER is a certified public accountant in Newark, Delaware. He also is certified as a management accountant (CMA) by the Institute of Management Accountants. Mr. Skinner has spoken for the National Association of Tax Professionals, where he spoke at tax update seminars and also spoke on corporate and partnership tax preparation. He taught accounting for two years at Wilmington College and at Delaware Technical and Community College. Mr. Skinner earned his B.A. degree from the University of Delaware. He is a member of the National Association of Tax Professionals, the American Institute of Certified Public Accountants (AICPA) and the Delaware Society of Certified Public Accountants.

CHAD J. TOMS is of counsel with the Wilmington law firm of Whiteford, Taylor & Preston L.L.P., where he practices in the area of complex corporate and business litigation. He is also a certified public accountant and has previously spoken at seminars for CPAs. Mr. Toms received his B.A. degree from the University of Delaware and J.D. degree from Widener University. He is a member of the Delaware State and American bar associations, the Delaware Society of CPAs and the American Institute of Certified Public Accountants.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

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Phone: 866-240-1890

Email: credit@nbi-sems.com