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
12:45 - 1:45, William P. Wassweiler

• 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, Robert A. LaFleur

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

ROBERT A. LaFLEUR is a partner in the Minneapolis law firm of Chestnut & Cambronne PA, practicing primarily in the areas of tax law, business organizations, probate and estate planning. He earned his B.A. degree, cum laude, from Augsburg College and his J.D. degree, cum laude, from William Mitchell College of Law. He is a member of the Hennepin County, Minnesota State and American bar associations; the Minnesota Society of Certified Public Accountants; and the American Institute of Certified Public Accountants.

WILLIAM P. WASSWEILER is a partner in the Minneapolis firm of Lindquist & Vennum PLLP, where he is in the firm's Bankruptcy and Creditors' Remedies Practice Group. He represents banks and other secured lenders, mortgage companies, equipment-finance companies, indenture trustees, unsecured creditors and lessors. Mr. Wassweiler's areas of experience include bankruptcy and workouts; creditors' rights litigation, such as breach of contract, replevin, garnishment and other state law remedies; UCC and other real estate litigation; commercial and consumer foreclosures and lease disputes; and consumer credit litigation involving truth-in-lending laws and other federal and state consumer statutes. Mr. Wassweiler earned his B.B.A. degree from the University of Wisconsin and his J.D. degree, magna cum laude, from William Mitchell College of Law. Before earning his J.D. degree, he was a certified public accountant for several years at a large international accounting firm. Mr. Wassweiler is a member of the Minnesota State Bar Association (immediate past president, Bankruptcy Section; member and past chair, Pro Bono Committee) the American Bar Association, the American Institute of Certified Public Accountants and the Minnesota Society of Certified Public Accountants. He also is a former chair of the Bankruptcy Institute Planning Committee. Mr. Wassweiler was honored as a Super Lawyer by Minnesota Law & Politics, 2006 - 2007.

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

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com