Are you confident in your abilities to understand basic accounting concepts and statements? Can you spot red flags in accounting records that may be evidence of accounting scandals? Do you find yourself perplexed by financial statements and thus not using accounting evidentiary considerations to their full potential? In today's volatile business world it is imperative that attorneys develop a working understanding of accounting terminology to strengthen their background and appropriately apply accounting evidence in court. This program will teach you the basics of accounting so you can knowledgeably examine accounting statements and identify red flags. Don't put yourself at risk. Order today!

1. Definition of Accounting
2. Standard Setting Organizations
3. Generally Accepted Accounting Principals (GAAP)
4. Accounting in a Nutshell
5. Basic Financial Statements
6. Accounting for Different Business Entities
7. Forensic Accounting

1. Definition of Accounting
   9:00 - 9:30, Brian K. Muncy and Paul N. Wonch
2. Standard Setting Organizations
   9:30 - 10:15, Brian K. Muncy and Paul N. Wonch
   1. Securities and Exchange Commission (SEC)
   2. American Institute of Certified Public Accountants (AICPA)
   3. Financial Accounting Standards Board (FASB)
   4. International Accounting Standards Board (IASB)
   5. Federal Accounting Standards Advisory Board (FASAB)
   6. Governmental Accounting Standards Board (GASB)
3. Generally Accepted Accounting Principles (GAAP)
   10:30 - 11:15, Brian K. Muncy and Paul N. Wonch
   1. AICPA Rule 203
   2. History of GAAP
   3. Accounting Standards Codification
4. Accounting in a Nutshell
   11:15 - 12:00, Brian K. Muncy and Paul N. Wonch
   1. The Accounting Equation
   2. The Double-Entry System - T Accounts
   3. Cash Basis of Accounting vs. Accrual Accounting
   4. Operating/Accounting Cycle
   5. Service Business Example
5. Basic Financial Statements
   1:00 - 2:15, Brian K. Muncy and Paul N. Wonch
   1. Balance Sheets
      1. Assets
      2. Liabilities
      3. Shareholder's Equity
   2. Income Statements
      1. Revenues
      2. Expenses
      3. Net Income
   3. Statement of Cash Flow
      1. Operating Activities
      2. Investing Activities
      3. Financing Activities
   4. Footnotes
   5. Ratio Analysis
   6. Forms of Financial Statements
      1. Internally Prepared
      2. Tax Returns
      3. Compiled
      4. Reviewed
      5. Audited
6. Accounting for Different Business Entities
   2:30 - 3:30, Brian K. Muncy and Paul N. Wonch
   1. Sole Proprietorships
   2. C-Corporations
   3. S-Corporations
   4. Partnerships
   5. Limited Liability Companies
7. Forensic Accounting
   3:30 - 4:30, Brian K. Muncy and Paul N. Wonch
   1. Fraud Detection/Prevention
      1. The Fraud Triangle
      2. Types of Fraud
      3. Steps in Conducting a Fraud Investigation
      4. Internal Controls
   2. Divorce - Hidden Income Analysis
      1. Expenditure Method
      2. Net Worth Method
      3. Bank Deposit Method

BRIAN K. MUNCY is an engagement manager for KB Parrish & Co. LLP. During more than a decade in the field, Mr. Muncy has provided audit, tax and consulting services to the real estate and construction industries. He has assisted his clients in meeting numerous aspects of their financial and tax reporting requirements. Mr. Muncy earned his accreditation as a certified public accountant and also a certified fraud examiner. He earned his B.S. degree from Ball State University. Mr. Muncy is a member of the Association of Certified Fraud Examiners, the Central Indiana Chapter Association of Certified Fraud Examiners, Associated Builders and Contractors, CFMA of Central Indiana and the Real Estate and Construction Advisors Association.

PAUL N. WONCH is the business valuation and litigation services specialist at K.B. Parrish & Co. LLP, and has valued a wide variety of businesses including car dealerships, manufacturers, retailers, real estate holding companies, contractors, medical practices, etc. The purposes for these valuations included estate planning and taxes, gifting, buy-sell, divorce, ESOP, shareholder disputes, etc. Mr. Wonch also has completed a variety of litigation damages, calculations and reports for disputes involving lost profits, franchise territory infringements, buy-out price calculations, etc. He has testified as an expert witness for valuation and damages cases including federal court expert testimony regarding the valuation of goodwill. Mr. Wonch serves as the president of the National Association of Certified Valuation Analysts' Indiana state chapter. He earned a Bachelor of Science degree from John Carroll University and a Master of Business Administration degree from Case Western Reserve University.

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