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Live Webinar

90-minute live streaming program
  • December 15
  • 1:00 - 2:30 pm EST

Accounting Basics and Refreshers for Attorneys

December 15

Gain a refresher on basic accounting knowledge necessary for practicing law.

This material will provide the attorney with the basics/refresher of accounting and will demonstrate how the income statement, statement of owner’s equity, balance sheet, and statement of cash flows are developed and connect to each other.

The topic will also cover the ten-step accounting cycle leading up to the creation of the financial statements including the rules of debits and credits, accrual versus cash basis accounting, adjusting entries, accounting for inventory and receivables, long-term liabilities and depreciation, proper analysis of the notes to the financial statements, types of financial statements, and the CPA opinion.

This information will also include several hands-on examples to reinforce the accounting concepts.

Get the accounting and financial training you need to add value to the legal services you provide for your clients.

Are you an attorney who represents business and corporate entities? Having a solid understanding of the various accounting and financial practices that impact your clients’ business operation is essential for providing the most effective legal services. Our “Accounting Basics for Attorneys” training program covers all the relevant financial and accounting bases in less than 90 minutes. You’ll acquire the knowledge of the fundamental accounting principles you need to prepare for litigation or assist your clients with routine or complex business transactions.

Accounting for Attorneys Program Overview

Our “Accounting Basics for Attorneys” program will introduce you to the key financial documents that business operations rely on including balance sheets, income statements and cash flow statements. You will learn how to decipher these documents and analyze the information so you can apply it to your clients’ legal situation. You will also study multiple real-world examples that will give you valuable insight regarding how financial statement analysis impacts your role as a counselor for businesses.

What Benefits Will You Derive From Our Accounting for Attorneys Program?

Enrolling in our training program will increase your financial literacy, which will help you enhance your firm’s credibility with your clients and improve your chances of winning your cases. The program will also benefit you even if you do not represent businesses — other legal applications of the training materials can include child support and property settlement cases, as well as calculating damages in tort cases. You can even apply the information to managing the business operations of your legal practice.

Choose the Program Offering That Suits Your Learning Style and Fits Your Schedule

At Lorman, we understand that no two people are alike, and everyone processes information differently. We also recognize that busy attorneys need a program that is flexible to fit their hectic schedules. The “Accounting Basics for Attorneys” program is available as an on-demand recorded webinar you can download and view at your convenience in the office, at home or anywhere you have access to an Internet connection. Other formats include the audio and reference manual and MP3 download.

Lorman Education: An Experienced Education Solutions Provider You Can Trust

Our accounting for attorneys program is the product of more than 30 years of training experience. More than 1.4 million professionals across a broad spectrum of industries have used our programs to bolster their knowledge and skills and gain a competitive edge in the job market. The Lorman faculty consists of subject matter experts who share our passion for helping our students achieve their professional goals.

The Lorman All-Access Pass: A Cost-Effective Solution for Achieving Your Learning Objectives

You can purchase our “Accounting Basics for Attorneys” program separately in your format of preference. However, many of our students take advantage of our cost-effective All-Access Pass where you get access to our entire product library for one full year — at one low price. It’s the best way to meet all your training and continuing education requirements and save money at the same time.

Get the financial training you need to add value to your legal services and meet your clients’ needs. Order the “Accounting Basics for Attorneys” program or contact us for more information today.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Four Financial Statements - Income Statement, Statement of Owner's Equity, Balance Sheet, and Statement of Cash Flows

The Ten-Step Accounting Cycle (Business Transactions to the Post-Closing Trial Balance)

Rules of Debits and Credits

Accrual Versus Cash Basis Accounting

Adjusting Entries

Accounting for Inventory and Receivables

Long-Term Liabilities and Depreciation

Analysis of the Notes to the Financial Statements

Types of Financial Statements and the CPA Opinion

Examples to Reinforce Accounting Concepts

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AL CLE 1.5
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MN CLE 1.5
     
  • This program has been approved by the Minnesota Board of Continuing Legal Education for 1.5 hours of credit.
     
  • MO CLE 1.8
     
  • This program has been approved by the Missouri Bar for 1.8 hours of CLE.
     
  • MS CLE 1.5 (Pending)
     
  • This program has been submitted to the Mississippi Commission on Continuing Legal Education. Approval pending.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • UT CLE 1.5
     
  • This program has been approved by the Utah State Board of Continuing Legal Education for 1.5 CLE hours.
     
  • VA CLE 1.5 (Pending)
     
  • This program has been submitted to the Virginia Mandatory Continuing Legal Education Board for 1.5 CLE credit hours.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • NALA 1.5
     
  • This program is applicable for continuing legal assistant education credit. Please check with your accrediting board to see if this course will qualify towards your recertification requirements. Program Length: 1.5 hour(s).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is primarily designed for attorneys and paralegals, but other legal professionals may also benefit from attending.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David L. Osburn, M.B.A., CCRA

David L. Osburn, M.B.A., CCRA

Osburn & Associates, LLC

  • Founder and managing member of Osburn & Associates, LLC
  • Practice emphasizes business training and contract CFO work
  • Conducts regular seminars, webinars, and keynote speeches covering banking, financing, credit, negotiation skills, marketing, management, and customized topics
  • National Association of Credit Management (NACM); Credential-Certified Credit & Risk Analyst (CCRA)
  • M.B.A. degree in finance and marketing; B.S. degree in finance; ABA National Commercial Lending School
  • Can be contacted at 702-655-1187, [email protected] or www.dlosburn.com
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407401
Published 2020
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