Live Webinar

65-minute live streaming program
  • March 27
  • 1:00 - 2:05 pm EST

Accounting Basics and Refreshers for Attorneys

March 27

Master knowledge that empowers you to protect your clients’ interests more effectively.

Many attorneys lack formal accounting training because law school doesn’t teach much finance or accounting which can hinder lawyers’ ability to understand financial reports. This knowledge gap can hurt legal outcomes: an attorney who can’t decipher a balance sheet might miss a critical detail in a contract case, and ignorance of accounting standards could let financial misrepresentations slip by unchallenged. This course demystifies accounting for legal professionals, providing a practical toolkit of concepts and terminology. Attendees will learn how to confidently read financial statements and spot discrepancies, enabling them to build stronger legal arguments grounded in solid financial evidence. By minding the GAAP, attorneys can identify where accounting rules were violated or numbers manipulated, which can expose intent or liability in litigation. The course will also show how understanding accounting improves legal strategy – for instance, knowing what to look for in an opposing party’s financials can uncover fraud or strengthen a damages claim.

By the end of the topic, you will have gained practical financial literacy tailored to legal practice. They’ll be better equipped to engage with financial experts, interpret business records in discovery, and avoid being caught off-guard by complex financial exhibits

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 39 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

Basic Accounting Concepts and Terminology
  • Accounting Equation (Assets = Liabilities + Equity)
  • Cash vs. Accrual Accounting Methods (When Income/Expenses Are Recognized)
  • Double-Entry Bookkeeping (Debits and Credits) and Why Every Transaction Affects Two Accounts.
Reading and Analyzing Financial Statements
  • Balance Sheet: Snapshot of a Company’s Financial Position (What It Owns vs. Owes)
  • Income Statement: Summarizes Revenues and Expenses to Show Profit or Loss
  • Cash Flow Statement: Tracks Cash Inflows/Outflows (Liquidity and Cash Available to Pay Bills).
Understanding GAAP (Generally Accepted Accounting Principles)
  • Definition of GAAP – the Standard U.S. Accounting Rules Set by FASB for Financial Reporting
  • Key GAAP Principles (e.g. Consistency, Prudence, Materiality) That Ensure Reliable, Unbiased Financial Statements
  • Legal Relevance: Recognizing GAAP Violations or Irregularities (e.g. Improper Revenue Recognition) Can Reveal Fraud or Misrepresentation in Cases.
Forensic Accounting and Fraud Indicators
  • Overview of Occupational Fraud Risk: Businesses Lose an Estimated 5% of Revenue to Fraud Annually
  • The Fraud Triangle – Pressure, Opportunity, Rationalization – and Common Financial Red Flags Attorneys Should Watch for
  • How Forensic Accountants Find Hidden Assets or Unreported Income in Disputes (e.g. Tracing Bank Deposits to Uncover Concealed Cash).
Applying Accounting in Legal Contexts
  • Common Scenarios Where Accounting Knowledge Is Vital: Interpreting Financial Statements in Contract Disputes, Partnership Dissolutions, Fraud Investigations, and Business Valuations
  • Working With Financial Experts: Understanding Accountants’ Reports and Communicating Effectively With CPAs or Expert Witnesses in Litigation
  • Case Example Highlight: A Recent High-Profile Matter Where Misapplication of GAAP Had Legal Consequences – Illustrating How Accounting Evidence Can Make or Break a Case.
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 39 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

  • AR CLE 1.0
     
  • This course has been approved for 1.0 hour(s) of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.0
     
  • 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 1.0 hour(s) toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.0
     
  • Lorman Education Services/Noggin Guru is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hour(s) of participatory credit.
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hour(s).
     
  • MN CLE 1.0
     
  • This program has been approved by the Minnesota Board of Continuing Legal Education for 1.0 hour(s) of credit.
     
  • NH MCLE 1.0
     
  • Lorman Business Center, LLC., is approved as an annual NHMCLE sponsor. This program has been approved by the New Hampshire Minimum Continuing Legal Education Board for 1.0 hour(s) of CLE credit.
     
  • NJ CLE 1.3
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hour(s) of total CLE credit.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hour(s) of substantive law, practice and procedure CLE credit.
     
  • VT CLE 1.0
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit.
     
  • WI CLE 1.0
     
  • This program has been approved by the Board of Bar Examiners for 1.0 hour(s) for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.3
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hour(s).
     
  • NALA 1.0
     
  • 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: 1.0 hour(s) including hour(s) of ethics credit.
     

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

Who should attend?

This live webinar is designed for attorneys. Other legal professionals may also benefit from attending.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 39 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

Eric R. Hittle, CPA, MPAc

Eric R. Hittle, CPA, MPAc

Silver Spring Accounting LLC

Eric Hittle

  • Principal at Silver Spring Advisors
  • Focused on small Business CFO Advisory, Non-profit Accounting and Advisory, Non-profit and Small Business Consulting
  • Speaker for various organizations and client training
  • AICPA, Maryland Nonprofits
  • Master of Professional Accountancy
  • Can be contacted at [email protected]
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 39 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

All of your training, right here at Lorman.

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

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

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

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 411219
Published 2026
Purchase Options

Register today before this event fills.