Essential Accounting Principles Every Attorney Should Know

Michele Avery
Michele Avery | LaPorte CPAs & Business Advisors

Michele’s experience includes extensive business valuation, quality of earnings analysis, financial due diligence, financial modeling, and forensic accounting across numerous industries and for closely held businesses.

On-Demand: March 22, 2024

2 hour CLE

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Program Summary

This is a comprehensive program designed to provide lawyers with a solid understanding of accounting principles essential for legal practice. The program covers key topics such as understanding the different roles CPAs play in accounting and financial matters, and understanding the professional standards CPAs operate under. Understanding the distinctions between audits, reviewed financial statements, compiled financial statements, tax returns and other financial services provided by CPAs. Additionally, the program familiarizes attendees with essential accounting key terms, definitions, and lingo commonly encountered in financial contexts. The program includes an in-depth examination of financial statements, ratio analysis, and an overview of federal tax forms relevant to legal practice.

Key topics to be discussed:

  • The CPA Profession
  • Professional standards
  • Accounting service categories
  • Attest engagements
  • Accounting Key Terms, Definitions and Lingo
  • Financial Statements
  • Ratio Analysis
  • Federal Tax Forms

This course is co-sponsored with myLawCLE.

Closed-captioning available

Speakers

Michele Avery_myLawCLEMichele Avery | LaPorte CPAs & Business Advisors

Michele’s experience includes extensive business valuation, quality of earnings analysis, financial due diligence, financial modeling, and forensic accounting across numerous industries and for closely held businesses. She provides business valuations for transactions, estate and gift matters, marital dissolution proceedings, disputes amongst business ownership, and business owner exit planning.

In addition, Michele serves as an expert in litigation concerning these areas as well as in lost profits analysis, shareholder disputes, and insurance claims. She has been qualified as an expert in valuation, economic damages, lost profits analysis, and accounting in Louisiana and Mississippi courts of law. She has provided numerous articles and presentations within her areas of experience.

Michele is the co-leader of LaPorte’s Transaction Advisory Services group. Michele works with buyers and sellers to determine deal pricing and structure. This includes advanced analysis of business value, quality of earnings, net cash flows and returns on investment.

Agenda

I. The CPA Profession | 2:00pm – 2:15pm

II. Professional standards | 2:15pm – 2:30pm

III. Accounting service categories | 2:30pm – 2:45pm

IV. Attest engagements | 2:45pm – 3:00pm

Break | 3:00pm – 3:10pm

V. Accounting Key Terms, Definitions and Lingo | 3:10pm – 3:25pm

VI. Financial Statements | 3:25pm – 3:40pm

VII. Ratio Analysis | 3:40pm – 3:55pm

VIII. Federal Tax Forms | 3:55pm – 4:10pm

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