Agenda / Content Covered

All times are shown in Eastern time

1. UNDERSTANDING BASIC ACCOUNTING CONCEPTS
   10:00 - 10:45, Robert E. Bollengier
   1. Comprehending Accounting Terms
   2. How to Read Financial Statements
      1. Balance Sheet
      2. Income Statement
      3. Statement of Cash Flows
      4. Relationship Between Statements
   3. Understanding GAAP and Other Accounting Styles
2. ANALYZING FINANCIAL STATEMENTS
   10:45 - 11:30, Robert E. Bollengier
   1. Calculating and Interpreting the Numbers
      1. Liquidity Analysis
      2. Profitability Analysis
      3. Activity Analysis
      4. Capital Structure
      5. Capital Market
3. ACCOUNTING FOR DIFFERENT ENTITIES
   11:45 - 12:30, Terrence K. Rice
   1. Accounting and Tax Return Analysis
      1. Sole Proprietorships
      2. C-Corporations
      3. S-Corporations
      4. Partnerships
      5. Limited Liability Companies
4. DEALING WITH THE IRS
   1:00 - 1:45, Terrence K. Rice
   1. An Overview of the IRS Examination Process
   2. Different Types of Audits
      1. Audits of Individual Returns
      2. Audits of Business Returns
      3. Audits of Other Returns
   3. Preparing for an Audit: An Organized Approach
      1. Collection Procedures
5. IDENTIFYING FRAUD AND FORENSIC ACCOUNTING
   1:45 - 2:45, Erik V. Scully
   1. Detecting Red Flags
   2. Preventing Attorney Liability
   3. Understanding the Difference in Prepared Financial Statements
   4. Fraud Detection and Prevention
      1. The Fraud Triangle
      2. Types of Fraud
      3. Steps in Conducting a Fraud Investigation
      4. Internal Controls
   5. Divorce: Hidden Income Analysis
      1. Expenditure Method
      2. Net Worth Method
      3. Bank Deposit Method
6. COMPLYING WITH ETHICAL STANDARDS
   3:00 - 4:00, James V. O'Brien
   1. Confidentiality
   2. Attorney-Client Privilege
   3. Work Product Doctrine
   4. Protecting Confidentiality, Privilege and Work Product Doctrine When Working with Accountants and Tax Advisors
   5. Conflicts of Interest
   6. Reporting Professional Misconduct
7. USING ACCOUNTING AND FINANCIAL RECORDS AS EVIDENCE
   4:00 - 5:00, James V. O'Brien
   1. Obtaining Vital Documents
   2. Introducing Financials at Trial
   3. Evidentiary Pitfalls
   4. Identifying Potential Experts
   5. Preparing an Accountant for Trial

Accreditation Details:

ROBERT E. BOLLENGIER is a sole practitioner with Robert E. Bollengier, Attorney/CPA, in Warwick, Rhode Island. His practice areas include federal and state taxation, probate, estate planning, wills, trusts, and corporate and business law. Mr. Bollengier has been a visiting instructor for Bryant University and Providence College. He earned his B.S. degree, magna cum laude, from Boston College; simultaneously earned his J.D. degree with his M.B.A. degree, highest honors, from St. Louis University; and his LL.M degree, cum laude, from Boston University. In addition, Mr. Bollengier earned a certificate of advanced graduate studies in estate planning from Bryant University and is currently working towards his CFP®, ChFC and CLU designations. He is a member of the Rhode Island and American bar associations, as well as the Rhode Island Society of Certified Public Accountants.

JAMES V. O'BRIEN is a member of Buchanan, Williams & O'Brien, P.C. His legal career has been centered on commercial litigation and on certain areas of personal injury litigation, including medical malpractice and Jones Act/FELA. Mr. O'Brien is a certified public accountant in Missouri and has an LL.M. degree in taxation from Washington University School of Law. He graduated from Illinois State University with degrees in business administration and English literature, and received his J.D. degree, cum laude, from Southern Illinois University School of Law. Mr. O'Brien admitted in Missouri, Illinois, Eastern District of Missouri, Western District of Missouri, Southern District of Illinois, Central District of Illinois, Eighth Circuit Court of Appeals, Seventh Circuit Court of Appeals, and United States Supreme Court. He is a member of the St. Louis County Bar Association.

TERRENCE K. RICE is a CPA in Milwaukee, where he practices in the areas of tax planning, estate planning, and small business and non profit consulting. In addition, he is a member of the Milwaukee Estate Planning Forum and the American Association of Daily Money Managers. Mr. Rice has lectured on tax and estate planning issues for small businesses, health care organizations, non profits and churches. He earned his B.B.A. degree from the University of Wisconsin-Whitewater.

ERIK V. SCULLY, Esq., CPA, is a shareholder in the law firm of Scully & Scully, PC, with offices in Pittsburgh and Wexford, Pennsylvania. His practice is concentrated in the areas of taxation, estate planning, estate administration, probate law and representing clients in various business matters. Mr. Scully's practice has a particular emphasis in representing clients during tax controversies and tax litigation at the federal, state and local levels. He earned his undergraduate degree from Syracuse University and his J.D. degree from St. Louis University. Mr. Scully is listed in Who's Who in American Law and is a member of the Commonwealth of Pennsylvania, Department of State, Bureau of Professional and Occupational Affairs, State Board of Accountancy (appointed by Governor Tom Corbett to 2011-2015 term and reappointed by Governor Tom Wolf to 2016-2020 term)(chairman 2019 - 2020). He is also a member of the Pennsylvania Institute of Certified Public Accountants (chairman: Pennsylvania State Ethics Committee (2005-2007), member: Executive Committee (Southwestern Chapter, 2005-2006), Pennsylvania State Ethics Committee (2004-2007), Speakers Bureau (Southwestern Chapter, chairman 1999-2005), Committee on the Cooperation with the Bar (Southwestern Chapter); the Allegheny County Bar Association (member: Taxation Section); and the American Association of Attorney Certified Public Accountants. NSSAR #182984 (PA #12290, Pittsburgh Chapter). Mr. Scully is a frequent lecturer to professional groups and has authored numerous articles on legal, accounting and tax issues affecting individuals and businesses.