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 - 2:15, Douglas W. Skiles

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

COMPLYING WITH ETHICAL STANDARDS
2:30 - 3:30, Douglas W. Skiles

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

Q & A SESSION
3:30 - 4:30, Scott Carrico and Douglas W. Skiles

SCOTT CARRICO is an accounting and audit partner with Lutz & Company PC, where he focuses on accounting, compliance and consulting. He specializes in audits, reviews and compilations, consulting for monthly financial statement preparation and analysis, budgeting preparation and analysis, and general business consulting. Mr. Carrico serves a wide array of industries including leasing, real estate, wholesale distribution, manufacturing, service, retail, and technology. He is a Certified Public Accountant, a member of the American Institute of Certified Public Accountants, and the Nebraska Society of Certified Public Accountants. Mr. Carrico earned his BSBA degree from the University of Kansas.

DOUGLAS W. SKILES has been a shareholder since 1981 with McPherron Skiles & Loop CPAs PC, a firm with four offices in southwest Nebraska. He graduated from University of Nebraska-Kearney with honors in 1977, receiving a comprehensive business major with a double emphasis in accounting and management. He has extensive background in taxation for individuals, corporations, partnerships, LLCs, estates and trusts. Mr. Skiles professional service includes serving as a member of the Nebraska Board of Public Accountancy since 2003, where he currently serves as the Chair of the Board. He has also chaired the Board's Education & Examination committee, and serves on the Legislative committee, which has just completed an extensive overhaul of Nebraska's Public Accountancy Act. He also serves on the National Association of State Boards of Accountancy (NASBA) Education Committee, which recently released new education and ethics requirements for the Uniform Accountancy Act. In addition to participating in disciplinary hearings for CPAs, Mr. Skiles has uncovered or investigated several fraud cases, testified as an auditor, an expert witness and served as a consulting expert. Mr. Skiles has served as an accounting instructor for University of Nebraska-Kearney and McCook Community College, continuing education instructor for Nebraska Real Estate Commission and Nebraska Insurance Commission and a panelist for CLE for the College of Law, UNL.

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